How many locations does Midas have?
Midas (automotive service)FormerlyMidas MufflerFoundedApril 20, 1956 Macon, Georgia, U.S.FounderNate H. ShermanHeadquartersPalm Beach Gardens, Florida , U.S.Number of locations3500+ (May 2019)9 more rows
How much does it cost to buy a Midas franchise?
MIDAS Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee, Minimum Site Payment, or Deposit$10,000$35,000Marketing Support Program or Other Grand Opening Advertising$10,000$25,000Travel & Living Expenses while Training$1,000$7,800Security Deposit, Licenses and Permits$0$20,00016 more rows
Who is Midas owned by?
The firm has over 2,000 franchised and company-owned stores in the U.S. and Canada and over 700 licensed and franchised locations in 17 countries across the globe. Once a private subsidiary of the Whitman Corporation, Midas was spun off in 1998 and now operates as an independent public company.
How many Midas stores are there in the US?
With more than 2,100 franchised, licensed and company-owned Midas stores in 14 countries, including over 1,200 in the United States and Canada, millions of people Trust the Midas Touch® for all their auto care needs.
Is Midas a franchise?
Midas is a trusted, globally recognized leader in the automotive industry as the #1 automotive repair franchise. Their worldwide brand awareness gives you and your business a competitive edge.
How long has Midas been around?
For technicians known for their work and their word, trust the experts at Midas. In April 1956, Midas began life as a groundbreaking auto repair outlet with a reputation for service, quality, and reliability.
Where is Midas headquarters?
Itasca, ILMidas / HeadquartersItasca is a village in DuPage County, Illinois, United States. Per the 2020 census, the population was 9,543. Located approximately 25 miles northwest of downtown Chicago, Itasca is close to O'Hare International Airport, major expressways and rail transportation. Wikipedia
Who is the CEO of Midas?
Alan FeldmanAlan Feldman is the President and CEO at Midas .
Did Midas get bought out?
09, 2022 -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today announced it has closed the sale of its Midas Suite of Solutions to symplr® for a price of $340 million less certain customary adjustments. The signing of the transaction was announced Jan.
Why is Midas named Midas?
The name Midas means "touch of gold" and is Greek in origin, and for good reason! King Midas in Greek mythology was known for having the uncanny ability to turn everything he touched into gold.
Did Midas get bought out?
09, 2022 -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today announced it has closed the sale of its Midas Suite of Solutions to symplr® for a price of $340 million less certain customary adjustments. The signing of the transaction was announced Jan.
Does Behringer own Midas?
In December 2009, Midas and Klark Teknik were acquired by Music Group, a holding company chaired by Uli Behringer.
Who owns the TBC Corporation?
MichelinSumitomo Corporation of AmericasMichelin North America, I...TBC Corporation/Parent organizations
Who is the CEO of Midas?
Alan FeldmanAlan Feldman is the President and CEO at Midas .
How many locations does Midas have?
Midas is expanding in your area as it continues to add to its base of more than 2,100 locations worldwide.
Does Midas offer incentives?
Midas offers exclusive incentives making becoming a franchisee even easier!
What does a Midas Franchise Cost?
A Midas franchise purchase requires $75,000 in liquid assets (non-borrowed) and a net worth of $250,000 or more. The total investment ranges from $181,650-$459,587. Midas is a trusted car care brand with more than 60 years of experience in the industry. Midas offers a number of incentive programs such as their 0% Royalty program, U.S. Veterans program, and more to make joining the Midas family an easy decision.
What is Midas franchise orientation?
New franchisee orientation: At the Midas training center in our corporate office, you will receive an introduction to the Midas retail platform, gain an understanding of our competitive advantages and learn the skills necessary to become our customers’ choice for automotive service.
What is a shop management system?
Business management system for your shop: Your shop management system is an integral part of the success of your business. With our effective system you will have access to powerful tools to help you manage a variety of functions from invoicing and estimating to inventory management and control, and much more.
How to represent Midas?
Represent Midas in your community through business associations, sponsorships and local charity outreach activities.
Is Midas a trusted company?
Midas is proud to be a trusted, globally recognized leader in the automotive industry. As we continue to expand and build our reputation, we’re looking for motivated individuals to be a part of our family! Join the Midas team and build long-term success with the #1 automotive repair franchise.
Is Midas a franchise?
As a Midas franchisee, you can experience the benefits of joining one of the most recognized names in the automotive market. Our worldwide brand awareness gives you and your business a competitive edge. We work hard every day to earn consumer trust by providing expertise, quality and value to every customer, every time. We’ve been a leader in automotive services for more than 60 years and have the knowledge and resources it takes to build long-lasting success.
How much does it cost to buy a Midas franchise?
To buy a franchise with Midas, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $250,000. Midas charges a franchise fee of $30,000. They also offer a discount for veterans. *.
How long does it take to become a Midas franchisee?
Become a Midas automotive franchisee owner in less than 90 days! We have new incentive packages for all franchisees from new to existing owners. It's a great time to own your own Midas- Come join the Midas family today!
Where was the first Midas muffler shop?
In 1956, Nate Sherman opened the first Midas muffler repair shop in Macon, Georgia, with a promise of "for as long as you own your car." Since then, Midas has expanded to offer repair and maintenance services on shock absorbers, brakes, tires, batteries, radiators, and heating and cooling systems.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
When did Midas start?
Since opening their first repair shop in 1956 , Midas’ “customer first” approach has made the brand one of the largest automotive service providers in the world. More than 60 years later, a strong commitment to trust, service, and reliability continue to fuel the brands growing success today.
What is a midas?
Midas is an industry-leading tire and auto-repair franchise, offering comprehensive automotive services : oil change, brakes, tires, exhaust, steering & suspension, wheel alignment and more. Midas Fleet Services offer one of the most comprehensive fleet management systems available, with web-based fleet management capabilities, universal credit products and a premier network of service locations.