Start-Up Costs and Fees |
||
| Midas | Precision Auto Care | |
| Investment | 198650 - 539512 | 120000 - 225600 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 7% |
| Advertising Fee | included | |
| Year Founded | 1956 | 1975 |
| Year Franchised | 1956 | 1978 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Precision Auto Care | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | Precision Auto Care | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Midas | Precision Auto Care | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| 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 | Precision Auto Care | |
| 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 | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Precision Auto Care | |
| Franchise Fee | |
| Midas | |
| Precision Auto Care | |
| Royalty Fee | |
| Midas | 10% |
| Precision Auto Care | 7% |
| Advertising Fee | |
| Midas | included |
| Precision Auto Care | |
| Year Founded | |
| Midas | 1956 |
| Precision Auto Care | 1975 |
| Year Franchised | |
| Midas | 1956 |
| Precision Auto Care | 1978 |
| Term Of Agreement | |
| Midas | 20 years |
| Precision Auto Care | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Precision Auto Care | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Precision Auto Care | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Precision Auto Care | No |
| Start-up Costs | |
| Midas | |
| Precision Auto Care | |
| Equipment | |
| Midas} | |
| Precision Auto Care | |
| Inventory | |
| Midas | |
| Precision Auto Care | |
| Receivables | |
| Midas | |
| Precision Auto Care | |
| Payroll | |
| Midas | |
| Precision Auto Care | |
Training & Support |
|
| Training | |
| Midas | |
| Precision Auto Care | |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Precision Auto Care | |
| Marketing | |
| Midas | Co-op advertising, Ad slicks, National media, Regional advertising |
| Precision Auto Care | |
| 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. |
| Precision Auto Care | |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Precision Auto Care | 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 | |
| Precision Auto Care | |
| International Expansion | |
| Midas | Canada, |
| Precision Auto Care | |