Midas

Who are we

What to know about Midas franchise? The franchise is to operate an automotive maintenance and service center called a Midas Shop, which sells and installs, in a retail environment, motor vehicle exhaust systems, brake components, suspension parts, heating and cooling system parts, tires and batteries and other motor vehicle parts, performs services in connection with these sales, and performs general and scheduled vehicle maintenance services. Midas is a world-renowned provider of auto repair services. Founded in 1956, Midas has built a reputation for quality, reliability, and excellent service. Today, Midas franchisees and employees continue to build on this success by providing customers with expert brake repair, scheduled car maintenance, exhaust repair, new tires, oil change, steering repair, suspension systems repair, wheel alignment, and more. Thanks to their efforts, Midas is able to maintain its reputation as a leading provider of auto repair services. They also offer Midas/SpeeDee Co-Branding Shop franchises under this Disclosure Document on a limited basis only to existing Co-Branding Shop franchisees and their transferees. Midas is based in Palm Beach Gardens, FL. Scroll down to learn more!How much does a Midas franchise cost?Are you wondering how much is a Midas franchise? Before starting a Midas franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Midas franchise is $95,650 and can go all the way up to $597,262. Keep in mind, you should also allocate additional funds to live off of while the Midas business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Midas franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Midas business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Midas franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.