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Franchise Information for Successful Business Ownership

Midas franchise is a leader in automotive franchising business. Midas is a multinational company that maintains and repairs vehicles. It repairs and replaces brake and steering systems. It also sells tires to vehicle owners. The automotive services are reliable and high quality. The services provided are more competitive and thus have enabled its brand name to be recognized globally.

More vehicles on the road increase each year since it is the cheapest form of transport. Drivers keep their cars longer without being serviced. Many drivers do not know how to take care of their cars resulting into more opportunities for Midas.

Midas franchise is unique. The franchisees are offered by a shop where they operate and sell the products. They also provide services to these shops. Midas has over 2,600 stores globally. The customers are aware of the products and services they offer. Its brand name is recognized worldwide making it to have strong market base. Franchisors offer the following to the franchisees:

·         Diverse line of quality products and services- The products are of high quality and more competitive. Constant supply for the products increases the net profit earned.

·         Intense training- The franchisees are being trained in the classroom and shop. The franchisee is trained on how to manage, administer, train and motivate his or her staff. The franchisee only opens the franchise after he or she has successfully completed training.

·         A field support staff- Franchisee’s staff members are counseled and guided. T he knowledge they obtain helps them to effectively run the business.

·         Promotion and advertisement- The franchisee’s business is advertised to gain recognition. Newspapers and media are used for placing advert.

·         Ongoing support- The franchisee’s staff members are trained. The franchisee is provided with newsletters that contain information about new services and equipments.

·         Marketing support- franchisee is informed of new market outlets, strategies and services.

To purchase a Midas franchise, you will require a total investment of $88,500. The franchising fee is $30,000 and the royalty is 10% of net profits made. You need to have a net worth $250,000 and a liquid cash of $250,000. The term of agreement last for a period of 20 years but it can be renewed.

Midas franchise is an excellent franchising opportunity. Many vehicles are being manufactured while others need to be serviced. Most owners of these vehicles are not equipped with enough knowledge how to take care of them. All these make Midas franchising opportunity very rewarding.