Choosing the right industry to go into as a franchisee is an important decision, one that will determine how quickly you see growth and how well you’ll handle the challenges of business ownership. A Midas oil change franchise opportunity takes advantage of the recession-resistant auto service industry, one that serves millions of consumers every year and that shows no signs of slowing down!
2021 value of the US
automotive service market
These days, more Americans than ever are driving used cars, either as a result of holding on to their new-bought cars for longer periods or buying used vehicles outright. Keeping a car on the road longer, or buying a used car over a brand new one, makes a lot of economic sense — so much so that by 2030, the global used car market is expected to be worth in excess of $2,000B (2).
As more drivers make longer commitments to their cars, they understand the value of regular and professional maintenance and repairs. Your Midas oil change franchise will be there for them.
Midas is a name consumers and businesses have trusted for over six decades, and with locations in all 50 states, we’ve developed a fleet program that can boost your bottom line!
Commercial vehicles are the lifeblood of countless industries, and because they see so much use, their scheduled upkeep is more important and more frequent. Engine oils, brake and transmission fluids, air filters, brake pads, and more are consumed faster in commercial vehicles — and your Midas franchise will be there to replace, repair, and maintain!
Whether you’re servicing a consumer or commercial vehicle, as part of the Midas oil change franchise cost, your franchise will be able to provide drivers with an important suite of products and services, including.
No matter how the economy is doing, people require their automobiles on a daily basis so that they can fulfill their myriad of tasks. And because a larger percentage of them drive older vehicles, they are aware of how critical it is to keep up with routine upkeep and maintenance for their vehicles. Your community will have access to a "gateway service" thanks to the quick and professional oil changes provided by your Midas quick oil change franchise. These oil changes will introduce new customers to your franchise and all it has to offer, thereby increasing the likelihood of customer loyalty and repeat business for you.
1 Mordor Intelligence; US Automotive Service Market - Growth, Trends, Covid-19 Impact and Forecast (2022 - 2027)
2 Precedence Research;
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.
