Total investment:
$ 181,650
Franchise fee:
$ 30,000
Royalty fee:
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1954
Franchise since: 1956
Company owned units:
Franchise owned units: 2020
Total number of units:
Number of employees per unit: 9
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEMidas offers repair and maintenance services on shock absorbers, brakes, tires, batteries, radiators, heating and cooling systems etc. The company was founded in 1956 in Macon, Georgia by Nate Sherman. It also provides franchise opportunities. As of 2018, Midas operates more than 2000 franchised locations worldwide.
On-The-Job Training: 100 – 120 hours
Classroom Training: 40 – 72 hours
Additional Training: In-shop assignment
Net-worth Requirement: $250,000
Liquid Cash Requirement: $75,000