What company owns Midas?

What company owns Midas?

Midas also owns the SpeeDee Oil & Auto Service business, with more than 150 auto service centers in America. Midas has ranked #199 on Entrepreneurs top Franchise 500.

How much does it cost to open a Midas franchise?

MIDAS Franchise Costs & Fees

Name of Fee Low High
Initial Franchise Fee, Minimum Site Payment, or Deposit $10,000 $35,000
Marketing Support Program or Other Grand Opening Advertising $20,000 $25,000
Travel & Living Expenses while Training $1,000 $7,800
Security Deposit, Licenses and Permits $0 $15,000

How many Midas locations are there?

With more than 2,100 franchised, licensed and company-owned Midas stores in 14 countries, including over 1,200 in the United States and Canada, millions of people Trust the Midas Touch® for all their auto care needs.

Is Midas a public company?

Once a private subsidiary of the Whitman Corporation, Midas was spun off in 1998 and now operates as an independent public company.

Is Midas owned by Michelin?

The Midas brand is owned by parent company TBC Corporation, which purchased the franchise system in 2012. In April 2018, Michelin North America acquired a 50% interest in TBC Corporation through a joint venture with Sumitomo Corporation of Americas.

Is Midas a good company?

Midas is a great company to make a career or to start in the automotive service industry, the management is great and their service is superior to others.

Is Midas a good franchise to own?

In early November 2020, Midas was recognized as the No. 1 full-service auto repair and maintenance franchise and number 80 overall on the Franchise Times Top 200+. As recognized on their site, the Franchise Times Top 200+ puts the spotlight on the strongest franchise brands, based on 2019 system-wide sales.

How much is Midas franchise in Canada?

Midas charges a franchise fee of $30,000.

Where is Midas headquarters?

Itasca, IL

What is Midas famous?

Midas, in Greek and Roman legend, a king of Phrygia, known for his foolishness and greed. According to the myth, Midas found the wandering Silenus, the satyr and companion of the god Dionysus. For his kind treatment of Silenus Midas was rewarded by Dionysus with a wish.

Is Midas a good franchise?

Does Midas work on commission?

Mechanics at Midas relies on commission so the more they sale the more they make. a lot of the parts sold don’t need replaced so if you take your car there don’t be surprised if they try to sale you a lot of parts and services You don’t really need.


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