Midas Auto Repair Franchise Fort Worth, Tx Suburb

Fort Worth, TX
Tarrant County

Fort Worth Suburb

Asking Price: Annual Revenue:
$175,000 $403,580

Automotive & Boats: Auto & Truck Repair & Service

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RE: Midas Auto Repair Franchise Fort Worth, Tx Suburb Broker: Stocker Travis

Quick Facts

Asking Price: $175,000
Annual Revenue: $403,580
Net Profit: Not Disclosed
Cash Flow: $64,479
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 6
BBN Listing #: 34496076
Broker Reference #: DBI1280

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Business Overview:

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 and sign a no competition agreement. 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. This 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 is not willing to commit to another 20 year commitment to the Midas brand and has decided to sell and focus his energies on the other 3 Midas operations where he owns the real estate plus the fact that Midas corporate prefers a franchise owner/operator. The seller is willing to look at all reasonable offers at this point. Bank financing available.

Business Hours Monday - Friday 8 am – 6 pm; Saturday 11 am – 6 pm; Closed on 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 Business Broker Firm: Diversified Business Investments. Contact Stocker Travis, Principal

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Property Features and Assets:

Approximately 3,400 sq. ft., Monthly Rent $5,034; Lease expires 06/16/2021

Market Competition and Expansion:

Having established a significant share of the marketplace in the U.S., Midas has experienced and will continue to experience significant growth. Midas corporate enthusiastically supports qualified existing franchisee expansion through multi-unit ownership. The number of automobiles and light trucks continue to increase and more people in today’s economy are retaining their vehicles and as those vehicles age will require more of the products and services the franchisor provides. Competition / Market: - Midas is a globally recognized brand and one of the world’s largest providers of automotive services that offers brake, exhaust, maintenance, tires, steering and suspension services at over 2,100 franchised, licensed and company-owned Midas shops in 20 countries.

Reason for Selling:

To focus management on 3 other Midas locations

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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