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Home > Franchises > Midas Int'l. Corp.
Midas Int'l. Corp.
A franchisee is a powerful and effective process that includes the marketing, sale and distribution of products as well as services. Experience of the franchisor and the goodwill of the brand are the vital attributes of a successful franchisee. The franchisor licenses the trademarks and techniques of doing business and performs the distribution of products or services through his associated dealers. Midas Int'l. Corp. is well known organization for special Automotive repair services.
In 1956 Nate H. Sherman founded Midas to service mufflers and other exhaust system parts in Itasca, Illinois. Within a year, 100 Midas shops had been opened in 40 states. Today, Midas services shock absorbers, brakes, tires, batteries, radiators and heating and cooling systems. The company also manufactures and distributes parts for brakes, steering suspension, muffler and exhaust systems. They started franchising in 1956. Franchisor is a publicly held company with 185 employees and 7 employees in franchise department.
Midas is a leader in more than automotive products and services. Automotive technology is becoming more complex, increasing the need for comprehensive professional service to replace the do it yourself approach. It is one of the most recognized names in auto repair. Midas retail programs are focused on these service categories with special emphasis on key initiatives that will capture new fleet and maintenance service business.
Midas supports the International Franchise Association’s Veterans Transition Franchise Initiative, known as Vet Fran. For their good service some cost or fee structure available like as total investment 243000 to 329.7000 dollars, franchise fee is 20000 dollars, ongoing royalty fee is 10 percentage term of agreement is of 20 years, renewal fee is 50 percent of franchise fee. For their excellent service they achieved good position. They ranked in Franchise 500 rank 36 in 2006, 40 in 2005, 29 in 2004, 39 in 2003, and 39 in 2002. They ranked 1 in category in 2006, 2005, 2004, 2003 and 2002.
Midas Int'l. Corp. mission is to become their customer’s most trusted professional and leaders in brakes, exhaust, maintenance and value, concentrate on customers’ total service needs.
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