Start-Up Costs and Fees |
||
| Midas | Christian Brothers | |
| Investment | 198650 - 539512 | 454250 - 582400 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | Varies |
| Advertising Fee | included | $10K/yr. |
| Year Founded | 1956 | 1962 |
| Year Franchised | 1956 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Christian Brothers | |
| Experience | General business experience Financially capable | Management and leadership background |
Financing Options |
||
| Midas | Christian Brothers | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Midas | Christian Brothers | |
| Training | Ongoing training and marketing support from the Home office On-The-Job Training: 115 hours Classroom Training: 204 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Ongoing marketing support from the Home office which includes: Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | Number of Employees Required to Run: 8 |
Expansion Plans |
||
| Midas | Christian Brothers | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Christian Brothers | |
| Franchise Fee | |
| Midas | |
| Christian Brothers | |
| Royalty Fee | |
| Midas | 10% |
| Christian Brothers | Varies |
| Advertising Fee | |
| Midas | included |
| Christian Brothers | $10K/yr. |
| Year Founded | |
| Midas | 1956 |
| Christian Brothers | 1962 |
| Year Franchised | |
| Midas | 1956 |
| Christian Brothers | 1996 |
| Term Of Agreement | |
| Midas | 20 years |
| Christian Brothers | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Christian Brothers | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Christian Brothers | Management and leadership background |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Christian Brothers | No |
| Start-up Costs | |
| Midas | |
| Christian Brothers | |
| Equipment | |
| Midas} | |
| Christian Brothers | |
| Inventory | |
| Midas | |
| Christian Brothers | |
| Receivables | |
| Midas | |
| Christian Brothers | |
| Payroll | |
| Midas | |
| Christian Brothers | |
Training & Support |
|
| Training | |
| Midas | |
| Christian Brothers | Ongoing training and marketing support from the Home office On-The-Job Training: 115 hours Classroom Training: 204 hours |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Christian Brothers | Ongoing marketing support from the Home office which includes: Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Midas | Co-op advertising, Ad slicks, National media, Regional advertising |
| Christian Brothers | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| 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. |
| Christian Brothers | Number of Employees Required to Run: 8 |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Christian Brothers | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Midas | |
| Christian Brothers | 0 |
| International Expansion | |
| Midas | Canada, |
| Christian Brothers | |