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Opportunity to purchase established, profitable Midas auto repair facility in a thriving business and residential community in the Fort Worth, Texas. The Midas name is over 50 years old and is a globally recognized brand as one of the world’s largest providers of automotive services. The company has over 2,300 franchised, licensed and company owned stores in 15 countries and offers a wide range of maintenance and repair services including brake, exhaust, maintenance, tires, steering and suspension services. Industry leader in exhausts, brakes and shocks/struts and has strategic alliances for parts distribution in north America as well as attractive retail programs in tires and fleet account management. The R. O. Writer shop management and point of sale system is state of the art and is constantly evolving and improving based on customer & franchisee needs. Midas has a consistent track record of adapting and adjusting to new consumer demands with new programs and retail services as well as supporting a strict adherence to services standards for the auto repair business.
As a Midas franchisee the buyer will receive on-going orientation and training programs as well as extensive marketing and operations support. Proven support & resource systems in place from customer service training to shop management systems which include a dedicated franchisee internet site that provides access to reports, bulletins, shop and account data as well as shop training support through the Midas Learning System.
Seller will also provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training. Buyer must be approved by the franchiser prior to the sale and is required to complete a 3-week extensive training period at the franchise Palm Beach Gardens, Florida headquarters. The sale will entail the negotiation of a new 20 year franchise agreement with the Midas franchisee. The typical franchise royalty is 10% of net sales except for tire sales which are 6% and battery sales which are 2%.
Extremely motivated situation. Priced right to sell quickly. The seller has been a Midas franchisee for 39 years and desires to downsize to focus on other real estate and business interests. The geographical distance from his home and other operations is also an issue. Willing to look at all reasonable offers at this point. Bank financing available. .
Business Hours Monday - Friday 8:00 am – 6:00 pm, Sat 8:00 am – 5:00 pm, closed Sunday
The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.
The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.
Listing Broker Firm: Diversified Business Investments . Contact Stocker Travis, Principal.
Approximately 3,600 sq. ft. Monthly bldg rent $4,743, Lease expires May 15, 2019
Midas brand has always been strong; the franchiser offers many promotional tools to build on that brand
Excellent for the right individual
Owner has been a franchisee for 39 years and desires to downsize operations
All support and training to come from the Midas franchiser
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