How To Open An Auto Repair Franchise

Are you ready to become part of the automotive industry and wondering how to open an auto repair franchise? With Midas, the steps are straightforward!

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Wondering How to Open an Auto Repair Franchise?

The Midas Steps are Simple and Straightforward

When it comes to selecting a franchise brand in the auto care industry to invest in, we know you have choices and that it’s important to select one that best fits your goals, skills, and interests. We’re exceptionally proud of our offering and strive to make the process of taking advantage of it as straightforward as possible. In fact, opening a Midas franchise is an exciting and fully transparent process that always includes our guidance and feedback. Ready to get started? Below are a few of the more important steps in your journey.

Get to know each other and what makes our automotive franchise opportunity so special

Your journey will likely start right here, on our website, where you’ll fill out a short form that lets us know of your interest in our opportunity. Once we receive it, someone from our franchise team will give you a call to find out more about your background and goals. We’ll also answer your questions and fill you in on what makes the Midas brand so special. After this brief conversation, if we both feel like there’s a good fit and our objectives and values align, we’ll move on to the next steps.

1

Review our FDD

When it comes to how to open an auto repair franchise with us, we believe in full transparency throughout the entire process. With that in mind, you’ll receive a copy of our Franchise Disclosure Document (FDD), a very important document that all franchised brands are required to provide to prospective franchisees that goes over our company background, management team, and a detailed breakdown of your investment, among other essential information. Many potential franchisees read an FDD with their attorneys, and we’re always available to answer any questions you may have about ours.

2

Make time for
due diligence

It’s important that you learn as much about our industry as possible and all it has to offer, and we’re here to help you do just that! We’ll put you in touch with some current Midas franchisees who can tell you about how they leverage our business model and brand culture to take full advantage of our robust market. Compare our automotive franchise opportunity to others, and we’re sure you’ll find that a Midas auto service franchise investment is one of the very best you can make!

3

Submit your Application and Deposit

We’re proud of the fact that just about anyone can join the Midas brand family, but we do look for candidates who are financially qualified and have clean backgrounds. We’ll ask you to fill out an application and other documents that provide us information about you and authorize us to conduct a background check, and pay the $10,000 deposit. If you are approved, the deposit will be credited to your $35,000 franchise fee that must be paid when you sign the franchise agreement. We’re as careful about who we bring into the Midas family as you are about deciding which brand to align with because the franchisor/franchisee relationship is an extremely important one. Once we’ve received your documentation and preliminary approval, we’ll move forward.

4

Attend a discovery day to get a better sense of our automotive repair franchise

A Discovery Day is one of the most exciting and informative steps you’ll take in your Midas franchise journey. You’ll spend a day at our corporate headquarters, where you’ll meet key members of our executive team and learn more about how to open an auto repair franchise with us. You’ll get a better sense of our operations and our culture and values and have the chance to ask any last-minute questions and share more about yourself as you prepare to become part of our brand family of franchisees.

5

Sign Your Franchise Agreement and Pay the Franchise Fee

Congratulations! You’ve signed your franchise agreement, paid the $25,000 balance of your initial franchise fee, and are getting ready to start your comprehensive pre-opening training. We’re excited to bring you up to speed on everything you’ll need to know to begin operating your new Midas franchise successfully, so let’s get started!

Please note that the information contained on this website does not constitute the offer of a franchise and that such offers will be made only in conjunction with the presentation of the Midas Disclosure Document in states where we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state.

(1) This number is an historic financial performance representation reflecting the average of franchisee net income on an annual basis for the 2020 calendar year of the top quartile of all Midas Shop outlets (in terms of total income) that operated for at least 12 consecutive months as of December 31, 2020, and who furnished financial data to us for the year that we believe to be reliable (the “2020 Top Quartile Stores”). The 2020 Top Quartile Stores include 60 outlets, of which 28 (or 47 percent) exceed the average net income of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the year 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees and other financial data of these shops that was submitted to us. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. Click here to see Item 19 of the Midas 2021 FDD for further information.

(2) This number is an historic financial performance representation reflecting the average of franchisee gross revenues on an annual basis for the 2019 and 2020 calendar years of the top quartile of all Midas Shop outlets that operated for at least 24 consecutive months as of December 31, 2020, and who reported sales for each month of the 2019 and 2020 years (the “2019/2020 Top Quartile Stores”). The 2019/2020 Top Quartile Stores include 228 outlets, of which 72 (or 32 percent) exceed the average total revenues of that group. The information was compiled using actual reported sales of our existing U.S. Midas Shop outlets during the years 2019 and 2020 based on monthly sales reports submitted to us by Midas franchisees for the purpose of computing royalty fees. We have not independently audited or verified the accuracy of these numbers, and we do not know if these numbers have been verified or audited on behalf of the franchisees. A new franchisee’s results may differ from the represented performance. Click here to see Item 19 of the Midas 2021 FDD for further information.