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, 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.
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.). Effective January 30, 1998, we were spun-off from Whitman as part of a dividend distribution to Whitman shareholders and are now a wholly-owned subsidiary of Midas, Inc.
Investment
The total investment necessary to begin operation of a new 8-bay Midas Shop franchise ranges between $203,130 and $424,520. This includes between $68,000 and $189,800 that must be paid to the franchisor or its affiliates. The total investment necessary to convert an operating or previously operated automotive repair facility to a Midas Shop ranges between $74,130 and $419,520. This includes between $150 and $189,800 that must be paid to the franchisor or its affiliates.