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Franchising FAQs

Frequently Asked Questions...

  1. What financial requirements would qualify me to become a Midas SpeeDee co-brand franchisee?

    In order for a candidate to be considered for an award of a Midas SpeeDee co-brand shop, they must have at minimum an estimated liquidity (unencumbered assets) of $75,000 and investment capabilities of at least $250,000.

  2. What kind of experience is required for a potential Midas SpeeDee co-brand franchisee?

    Ambitious, goal-oriented individuals with strong personal and leadership skills tend to be a perfect fit as operators in the Midas SpeeDee family. Ours is a challenging, hands-on environment that requires a passion for bringing people and processes together. If you're a self-guided leader who thrives on setting and realizing goals, motivating others to excel and building relationships in your community, let us help you get started now. Automotive, franchise, business management, retail, sourcing, inventory, or corporate experience is preferred, but not required.

  3. Does Midas SpeeDee provide training?

    The Midas SpeeDee training for new franchisees consists of a combination of classroom sessions at our corporate headquarters and practical "in shop" training.

  4. Does Midas SpeeDee provide financing?

    Midas nor SpeeDee provides financing. We will review your financial qualifications and will help you to determine your financing options. We can refer you to lenders interested in working with franchise candidates. Some may require 20% to 30% liquidity to qualify. Neither Midas nor SpeeDee receives fees for the placement of loans.

  5. Is marketing support available?

    Midas SpeeDee has a multi-faceted advertising and marketing support program. Each element of the program is designed to help generate the maximum awareness, with the goal of increasing the number of cars coming into the location and creating a greater sales response from every customer.

  6. Does Midas SpeeDee franchise internationally?

    Currently, Midas SpeeDee co-brand opportunities are limited within the United States.

  7. If I own or rent my building, how do I convert to a Midas SpeeDee co-brand location?

    Contact the Midas SpeeDee Franchise Recruitment Team at 800-621-0144 x3075 and request a site evaluation.

  8. How long does it take for me to qualify to become a Midas SpeeDee co-brand franchisee?

    Candidates usually take 60-90 days to complete the franchise recruitment and qualification process.

  9. What is the process if I plan on having a partner?

    It's common for franchisees to have partners. All parties must complete a Request For Consideration and provide required documents in order to be considered as a potential franchisee.

  10. Do I need to have an automotive background to qualify to become a franchisee?

    Automotive experience is helpful, but not required. We are seeking franchise candidates with strong personal and leadership skills who are dedicated to customer service and have a passion for bringing people and processes together.

  11. What if I am interested in owning a Midas franchise or a SpeeDee Oil Change & Tune-Up franchise?

    Both Midas and SpeeDee offer individual franchises in addition to the co-brand franchise. For more information, check out our Midas franchise or SpeeDee franchise opportunities.

quote"As soon as the signage went up Midas customers were coming in with Midas brake packets looking for brake work or other services that Midas is known for."
quote Troy Maxey,
Co-Brand Owner
Jackson, CA
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Midas has ranked "#1 In Category" 7 years in a row, 2004 - 2010, in Entrepreneur's Franchise 500!
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