About Midas Int'l. LLC
Founded in 1956, today Midas has grown to over 2,100 locations worldwide. In the early days, we sold the best muffler on the market and it included a national warranty “for as long as you own your car.” This was unheard of and soon, other companies followed our lead. Fast forward to today. Vehicles consistently perform well even with more than 100,000 miles. Drivers are owning their vehicles longer and driving more. Fittingly, the Midas brand has evolved to that of total car care experts, offering a wide variety of maintenance and repair services to support customers in maintaining their vehicles for as long as possible.
The Midas brand is owned by parent company TBC Corporation, which purchased the franchise system in 2012. TBC, a marketer and distributor of tires and other products for the automotive replacement market, saw Midas as an elite brand that it could help grow by offering even more support, access to additional service lines—such as tires, and through strong national advertising campaigns.
In 2005, TBC Corporation was acquired by Sumitomo Corporation of Americas, the largest wholly-owned subsidiary of Tokyo-based Sumitomo, one of the world’s leading traders of goods and services. In April 2018, Michelin North America acquired a 50% interest in TBC Corporation through a joint venture with Sumitomo Corporation of Americas.
Our mission is to exceed expectations and make our customers’ lives easy.
Will Helton, GM & VP
1956 (65 years)
Total Number of Units
2,017 (as of 2020)
Part-Time / Full-Time
How Much Does It Cost To Open A Midas Int’l. LLC Franchise?
There are several costs associated with opening a Midas Int’l. LLC franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Midas Int’l. LLC franchise. The weekly fee for opening a Midas Int’l. LLC franchise is Royalty Fee Due On The 10Th Of Each Month Via Ach Debit.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Midas Int’l. LLC Is Renewable) and does the franchise offer financing support (Midas Int’l. LLC Midas Int’l. LLC has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Midas Int'l. LLC Company Details
Here are some additional details about Midas Int'l. LLC.
|Parent Company||TBC Corp.|
|Net Worth Requirement||$250,000|
|Veteran Incentives||First-unit franchise fee waived|
|Term of Agreement||20 years|
|Run from Home||No|
Training and Support Offered By Midas Int’l. LLC
Midas Int’l. LLC offers several support options to its franchisees. With 2,017 (as of 2020) units, Midas Int’l. LLC aims to provide support to each franchise owner to help them operate a successful franchise location. Midas Int’l. LLC offers 60-120 hours on the job training, 28-72 hours classroom training, and In-shop assignment additional training.
Training and Support Offered
Here are the support options offered by Midas Int'l. LLC.
|On-The-Job Training||60-120 hours|
|Classroom Training||28-72 hours|
|Additional Training||In-shop assignment|
Is Midas Int’l. LLC Right For You?
Midas Int’l. LLC has gone digital! Here are all of the ways you can find Midas Int’l. LLC online. Oftentimes, you can reach out to current franchisees of Midas Int’l. LLC online. Current franchisees may be able to offer personalized insights into what it is like owning a Midas Int’l. LLC franchise and offer tips to running a successful Midas Int’l. LLC franchise location.
Why Should You Start a Midas Int’l. LLC Franchise?
Investing in a Automotive franchise such as Midas Int'l. LLC can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Midas Int'l. LLC franchise and we'll be in touch soon!