Midas Auto Service Experts
Midas Auto Service Experts
1300 Arlington Heights Rd.
Itasca IL 60143-3174
800#:(800) 365-0007
Tel: (630) 438-3000
Fax: (630) 438-3700
E -Mail: bkorus@midas.com
Web Site: www.midasfran.com
Contact: Ms. Barbara Korus
MIDAS is the largest automotive after-market franchisor in the world, retailing brakes, suspension, exhaust and other maintenance and repair services. There are approximately 1,900 shops in the United States and 800 around the world. Our franchisees benefit from a proven franchise system. -1
Franchisor Background
Established: 1956
First Franchise: 1956
First International Franchise: 1968
Franchise Units: 2603
Company-Owned Units: 111
Total Units: 2714
Distribution:
U.S. - 1,898; Canada -- 246; International -- 561
Projected Total New Units Over Next 12 months: 50
Projected New International Units Over Next 12 months: 50
Size Of Corporate Staff: 773
Financial Projections Provided: No
Term of Franchise Agreement/Renewal (Master): 10/5-10
Term of Franchise Agreement/Renewal (Area): 10/5-10
Minimum Financial Requirements: Varies from country to coutnry.
Expansion Requirements: Varies from country to country.
Franchisor Financial Assistance: No
Franchise Fee(Master): Varies from country to country.
Franchise Fee(Area): Varies from country to country.
On-Going Royalty (Master): Varies from country to country.
On-Going Royalty (Area): Varies from country to country.
Franchisor Ad Program: NA
International Trade Associations: IFA
Franchisee Qualifications
Ranked 1-5, 5 Being Very Important
Net Worth: 5
Business Experience: 5
Ability to 'Get Things Done': 5
Industry Experience: 4
Franchising Experience: 3
Psychological Profile: 3
Personal Interview(s): 5
Training/Services
Initial Franchisee Training: The entire training program takes approximately 6 - 8 weeks. Pre-work, which is on-the-job training, takes approximately 3 weeks to complete. After the pre-work assignment is completed, there is a 3-week classroom training program the franchisees must complete at the Midas Institute of Technology in Palatine, IL USA. (Note: The location of the training is dependent on which country is franchised.)
On-Going Support: a,B,C,D,E,F,H,I
(Click here for an explanation)
International Agreements
Individual Operating Units: Most Often
Master Franchising: Sometimes
Area Development: Sometimes
Licensing: Never
Foreign Subsidiary: Sometimes
Joint Venture: Sometimes
Other:
Preferred Franchise Relationship: There are three types of relationships - all of which are dependent on the size of the country. The Master License Agreement, Exclusive Development Agreement and the Individual Franchise Opportunity.
Seeking Partners In
North America: US (1,898), Canada (246)
Europe/Eastern Europe: AU (6), BE (41), BU, CZ, DE, FI, FR ( 288), GR, GC, HU, IR, IT (5), NE, NO, RO, RU, SL, SP (56), SW, SZ (2), UK, UR
Far East: AS (114), CH, IN, ID, KO, MA, NZ (25), TA (2), TH
Mexico: MX (11)
Caribbean: BA (2 - Not Seeking)
Central America: EL (1 - Not Seeking), HO (3 - Not Seeking), PA (1 - Not Seeking)
South America: AR, BR (3), CH
Middle East / India: IS, SA (1)
Africa: EG
Countries Not Listed Above:
Click here for a sample questionnaire.
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