Start-Up Costs and Fees |
||
| Midas | Auto-Lab | |
| Investment | 198650 - 539512 | 128750 - 317500 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 6% |
| Advertising Fee | included | 3% |
| Year Founded | 1956 | 1985 |
| Year Franchised | 1956 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Auto-Lab | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | Auto-Lab | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Midas | Auto-Lab | |
| Training | Continuous technical and management training programs | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Auto-Lab, LLC offers support in all areas of business management and operations through our corporate office, located in Farmington Hills, MI, and our strategic vendor partners. Our support includes, but is not limited to, continuous technical and management training programs, group purchasing programs, group marketing and advertising programs, electronic purchasing through vendor partners, a program for HotLine support, instant information network, assistance with business opportunities, etc. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | |
Expansion Plans |
||
| Midas | Auto-Lab | |
| US Expansion | California, Florida, Illinois, Indiana, Michigan | |
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Auto-Lab | |
| Franchise Fee | |
| Midas | |
| Auto-Lab | |
| Royalty Fee | |
| Midas | 10% |
| Auto-Lab | 6% |
| Advertising Fee | |
| Midas | included |
| Auto-Lab | 3% |
| Year Founded | |
| Midas | 1956 |
| Auto-Lab | 1985 |
| Year Franchised | |
| Midas | 1956 |
| Auto-Lab | 2004 |
| Term Of Agreement | |
| Midas | 20 years |
| Auto-Lab | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Auto-Lab | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Auto-Lab | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Auto-Lab | No |
| Start-up Costs | |
| Midas | |
| Auto-Lab | |
| Equipment | |
| Midas} | |
| Auto-Lab | |
| Inventory | |
| Midas | |
| Auto-Lab | |
| Receivables | |
| Midas | |
| Auto-Lab | |
| Payroll | |
| Midas | |
| Auto-Lab | |
Training & Support |
|
| Training | |
| Midas | |
| Auto-Lab | Continuous technical and management training programs |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Auto-Lab | Auto-Lab, LLC offers support in all areas of business management and operations through our corporate office, located in Farmington Hills, MI, and our strategic vendor partners. Our support includes, but is not limited to, continuous technical and management training programs, group purchasing programs, group marketing and advertising programs, electronic purchasing through vendor partners, a program for HotLine support, instant information network, assistance with business opportunities, etc. |
| Marketing | |
| Midas | Co-op advertising, Ad slicks, National media, Regional advertising |
| Auto-Lab | |
| Operations | |
| Midas | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. |
| Auto-Lab | |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Auto-Lab | California, Florida, Illinois, Indiana, Michigan |
| Canada Expansion | |
| Midas | |
| Auto-Lab | 0 |
| International Expansion | |
| Midas | Canada, |
| Auto-Lab | |