At Midas, we know that deciding on the right location for your franchise is key to success, so we make sure to use our decades of experience to help you find the right one! Our experts will be on hand to provide site selection guidelines and consultation, factoring in considerations like demographics, traffic patterns, available parking, competition, and more. After you’ve narrowed down your choice, we’ll provide you with standard building plans and signage specifications and help you plan out your grand opening so it attracts the most people and turns them into happy lifetime customers.
Our initial franchise training is conducted in two parts and is designed to leave you feeling confident in your abilities to operate your new Midas franchise. During part one, you’ll receive five days of in-shop observation at an operating Midas location, where you’ll be able to watch our business model in action firsthand. You’ll have a new appreciation for the Midas way and how it’s helped us become a leader in our automotive repair industry. Part two of your training as a franchisee will take place either online, in a virtual classroom, or at our training center in Palm Beach Gardens, Florida, and will last a minimum of 4 days. During this time, we’ll go over essential topics such as:
You may also be required, in our discretion, to spend an additional 5 days at a Midas location practicing and demonstrating competence on necessary skills.
We know how important it is to start your Midas auto repair franchise out on the right footing, and our franchise training and support is meant to help you do just that!
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.
