Start-Up Costs and Fees |
||
| Midas | Precision Tune Auto Care | |
| Investment | 198650 - 539512 | 127000 - 253600 |
| Franchise Fee | 0 | |
| Royalty Fee | 10% | 7.5%-6% |
| Advertising Fee | included | 1.50% |
| Year Founded | 1956 | 1975 |
| Year Franchised | 1956 | 1978 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Midas | Precision Tune Auto Care | |
| Experience | General business experience Financially capable | |
Financing Options |
||
| Midas | Precision Tune Auto Care | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Midas | Precision Tune Auto Care | |
| Training | On-The-Job Training: 4 hours Classroom Training: 46.5 hours Additional Training: Ongoing upon request | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | 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 Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 50% of all franchisees own more than one unit Number of employees required to operate - 9 Absentee ownership of franchise is NOT allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 5 - 8 |
Expansion Plans |
||
| Midas | Precision Tune Auto Care | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Midas | |
| Precision Tune Auto Care | |
| Franchise Fee | |
| Midas | |
| Precision Tune Auto Care | |
| Royalty Fee | |
| Midas | 10% |
| Precision Tune Auto Care | 7.5%-6% |
| Advertising Fee | |
| Midas | included |
| Precision Tune Auto Care | 1.50% |
| Year Founded | |
| Midas | 1956 |
| Precision Tune Auto Care | 1975 |
| Year Franchised | |
| Midas | 1956 |
| Precision Tune Auto Care | 1978 |
| Term Of Agreement | |
| Midas | 20 years |
| Precision Tune Auto Care | |
| Renewal Fee | |
| Midas | 50% of franchise fee |
| Precision Tune Auto Care | |
Business Experience Requirements |
|
| Experience | |
| Midas | General business experience Financially capable |
| Precision Tune Auto Care | |
Financing Options |
|
| Franchise Fees | |
| Midas | No |
| Precision Tune Auto Care | No |
| Start-up Costs | |
| Midas | |
| Precision Tune Auto Care | |
| Equipment | |
| Midas} | |
| Precision Tune Auto Care | |
| Inventory | |
| Midas | |
| Precision Tune Auto Care | |
| Receivables | |
| Midas | |
| Precision Tune Auto Care | |
| Payroll | |
| Midas | |
| Precision Tune Auto Care | |
Training & Support |
|
| Training | |
| Midas | |
| Precision Tune Auto Care | On-The-Job Training: 4 hours Classroom Training: 46.5 hours Additional Training: Ongoing upon request |
| Support | |
| Midas | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Precision Tune Auto Care | 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 |
| Precision Tune Auto Care | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| 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 Tune Auto Care | Absentee Ownership Allowed Number of Employees Required to Run: 5 - 8 |
Expansion Plans |
|
| US Expansion | |
| Midas | |
| Precision Tune Auto Care | |
| Canada Expansion | |
| Midas | |
| Precision Tune Auto Care | 0 |
| International Expansion | |
| Midas | Canada, |
| Precision Tune Auto Care | |