A friendship, a seven-dollar muffler and a promise, "for as long as you own your car," were the beginning. Led by Nate Sherman, the Midas muffler repair shop opened for business in Macon Georgia and what began as a franchise idea, became the ideal: quality and service. Things were simple back then. The average price for an automobile was $2,700, the average price of gas was 23 cents and only one Midas shop was open for business. It had two bays for repairs.

Contact Information for Midas

Company Website: http://www.midas.com

1300 Arlington Heights Rd. NA
Itasca
IL 60143 USA Work: (800) 365-0007
Fax: (630) 438-3700

Entrepreneur.com Company Profile

Email: mben@midas.com

Opportunity Type:

Training Available:
  • At headquarters
  • At local location
Support Available:
  • Newsletter
  • Meetings
  • Phone Support
  • Internet

Business Start Date: 1

Description: A friendship, a seven-dollar muffler and a promise, "for as long as you own your car," were the beginning. Led by Nate Sherman, the Midas muffler repair shop opened for business in Macon Georgia and what began as a franchise idea, became the ideal: quality and service. Things were simple back then. The average price for an automobile was $2,700, the average price of gas was 23 cents and only one Midas shop was open for business. It had two bays for repairs.

Required net worth: $250,000

Total investment: $265,900 – $365,900

Cash liquidity: $75,000

Franchise fee: $20,000

Franchise Start Date: 1

Number of Employees: 200

Number of Franchises: 2469

Company Owned Units: 86

Ongoing Royalty: 10%

Financing Available: Yes Third Party


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