Midas FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is to operate an automotive maintenance and service center called a Midas Shop, which sells and installs, at retail, 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.
Corporate Information
Midas is a corporation incorporated under the laws of Delaware on September 11, 1959. From January 1972 through January 29, 1998, we were a wholly-owned subsidiary of Whitman Corporation (originally IC Industries, Inc.).
Investment
The total investment necessary to begin operation of a new 8-bay Midas Shop franchise ranges between $293,880 and $390,970, exclusive of the purchase of any real estate or the cost of building and leasehold improvements.