KEY FRANCHISE STATS
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$1,200,000
Midas is a prominent American automotive maintenance chain founded in 1954 and franchising since 1956, owned by TBC Corp and headquartered in Palm Beach Gardens, Florida. With 889+ US franchisees and AUV of approximately $1.2M, Midas provides oil changes, brakes, tires, exhaust, and full vehicle maintenance services across 1,900+ worldwide locations.
Want to know what Midas franchise owners actually earn? See the full income analysis, break-even timeline, and owner salary breakdown at SharpSheets → Midas Franchise Owner Income.
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Below are some of
Midas
key competitors in the
Oil Change
sector.
889
2%-10%
$143,000
-
$1,366,000
$1,200,000
n.a.
$xxx,xxx
n.a.
n.a.
Midas offers an operations training program specifically designed for Service Center managers. The course content and length are determined by the franchisor and held at locations chosen by Midas. The training comprises a combination of classroom instruction and hands-on, on-the-job training. The duration of each segment depends on the participant’s aptitude and willingness to learn.
Costs Associated with Training
While Midas delivers the training, franchisees are responsible for covering all related expenses. This includes compensation, travel, lodging, and personal expenses incurred during the training period.
Ongoing and Additional Training
After the Service Center opens, Midas may require franchisees and their managers to complete further training programs. These requirements are outlined in the Manual or other written communications. Midas reserves the right to update these training requirements and may charge fees for additional courses.
Local and National Training
Midas provides both local and national training opportunities. Local sessions include franchisee orientation, fleet sales representative training, and fleet transaction process training. National training also covers the fleet transaction process, ensuring comprehensive support for franchisees across the board.
Franchisees do not receive an exclusive territory. They are authorized to operate their Franchised Unit at a specific location approved by the franchisor. This agreement does not grant any exclusive geographic area, market, or territorial rights to the franchisee.
Consequently, franchisees may encounter competition from various sources, including other franchisees, outlets franchised or owned by the franchisor or its affiliates, and other distribution channels or competitive brands controlled by the franchisor.
Although there is a negotiated area for the franchisee to operate, known as the "Designated Territory," it does not ensure exclusivity. The boundaries of this Designated Territory can be defined using various methods, such as zip codes, streets, landmarks, or county lines.
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n.a.
2026
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$639,000
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$1,285,000
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$1,387,000
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$1,842,000
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$1,705,000
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