Midas is one of the world’s largest providers of automotive services, offering brake, maintenance, tires, exhaust, steering, oil change and suspension services. They offer complete auto care for your vehicle. Whether it’s time for your next factory recommended maintenance visit, a routine oil change, new tires, or repair services on your brakes, muffler and exhaust, suspension, air conditioner, or any other mechanical or electrical component of your car, Midas is in your neighborhood and ready to serve you.
Founded in 1956, today Midas has grown to nearly 2,100 locations worldwide. In the early days, we sold the best muffler on the market and it included a national warranty “for as long as you own your car.” This was unheard of and soon, other companies followed our lead. Fast forward to today. Vehicles consistently perform well even with more than 100,000 miles. Drivers are owning their vehicles longer and driving more. Fittingly, the Midas brand has evolved to that of total car care experts, offering a wide variety of maintenance and repair services to support customers in maintaining their vehicles for as long as possible.
The Midas brand is owned by parent company TBC Corporation, which purchased the franchise system in 2012. TBC, a marketer and distributor of tires and other products for the automotive replacement market, saw Midas as an elite brand that it could help grow by offering even more support, access to additional service lines—such as tires, and through strong national advertising campaigns. In 2005, TBC Corporation was acquired by Sumitomo Corporation of Americas, the largest wholly-owned subsidiary of Tokyo-based Sumitomo, one of the world’s leading traders of goods and services. In April 2018, Michelin North America acquired a 50% interest in TBC Corporation through a joint venture with Sumitomo Corporation of Americas.
To get to know who are the industry key players, visit our Interview of the Week page.
To stay updated, visit our Franchise News section.
To learn more, visit our Franchising Tips section.
Subscribe to our email list to get the updates to your inbox:
Contact our team for an opportunity to get featured:
Franchise Feasibility Studies: “This is used to check if a company can be a good franchise.”
The Franchise Talk is more than just an online platform … it is a Community.
A Community to connect franchisors and brands with franchisee and investors from the Middle-East.
A Community to share latest trends, rules, regulations, and most recent product launches in the world of franchising in the Middle East.
A Community to get inspired, explore success stories and enable new experiences.
The Franchise Talk is not just an information provider. The Franchise Talk Connects, Informs, Inspires, and Educates investors, franchisees, and future start-ups and entrepreneurs.
Copyright © The Franchise Talk 2021. All Rights Reserved