auto service experts            13 MIDAS (6432)

What is a franchise?

A franchise is an agreement between a franchisor (Midas) with a product or service to offer, and a franchisee who purchases the right to use the franchisor's name and business system. Enabling them to establish a business which sells the product or service at a predetermined site for a certain period.

Will I run my own business?

Yes. Midas will be there to assist you, but you will own and operate the business.

Do I need mechanical experience?

No. As the franchise owner you will employ people to do the mechanical work for you. Some mechanical experience may be an asset, but it is not essential.

What do I get from my franchise fee?

The right to the Midas name and business system for the term of the franchise.

Do I have to own real estate?

No. Most locations are leased by Midas and the franchisee has a real estate license to occupy from Midas.

How much should I invest in stock?

Usually in the range of $10,000.

Can Midas help me raise finance?

Yes. The Midas franchise system is recognised and well regarded by Australia's leading banks.

Can I choose my own staff?

Yes. It is integral that you choose the right people for your team.

Can I speak to other franchise owners before I make a commitment?

Yes. In fact we encourage this.

What benefits do I receive when I sell my Midas franchise?

Subject to an approved purchaser you will enjoy any profits generated as a result of a future sale of your franchise. Unlike many other franchise systems Midas does not take a percentage of the selling price.