Do you know about - Start Your Own Midas Franchise with These Simple Steps
Midas Oil Change Locations! Again, for I know. Ready to share new things that are useful. You and your friends.Looking for a great way to get into business for yourself? Well, franchising might be your answer, especially if you're going into either a new business venture or a brand new industry. The franchiser becomes a partner and instantly gives you that credibility and experience you need as well as procedures and support you would normally not have starting a business on your own.
What I said. It is not outcome that the real about Midas Oil Change Locations. You check out this article for facts about that wish to know is Midas Oil Change Locations.How is Start Your Own Midas Franchise with These Simple Steps
We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Midas Oil Change Locations.The best franchisers are the ones who not only sell you their name and concept but also provide inventory and equipment. They don't sell you items such as supplies, equipment or inventory, but the fact you have the franchiser's name allows you to take advantage of their buying power.
Royalties represent a significant part of the franchiser's revenue stream. In other words, the more money you make the more money the franchisers make. And since you have an opportunity to purchase from them or from a competitive vendor, they'll always give you the best value. That's one of the many benefits you get by forming a partnership with them.
Midas is just one example of the many franchise opportunities out there. Here is how you can get started with opening up your own Midas franchise store:
First off you'll need to go to Midas' website and fill out a personal data sheet. Submitting it electronically is much, much easier than mailing or faxing it to the company. It couldn't hurt to ask for an information packet on franchising opportunities, as well.
Do you or can you fulfill Midas' requirements for running a franchise store? They require you to have a net worth of 0,000 and cash liquidity of ,000. You also need to have some general business experience in order to be eligible.
In order for you to start your franchise, know that you'll need a total investment of around 3,000 to 9,000. That doesn't include the initial franchise fee of ,000. Midas also requires franchise owners to pay a 10% royalty on top of the ,000 annual franchise fee.
If you don't have access to that much large of a sum of money contact the Small Business Association and apply for a business loan. They report that out of the 47 loans for Midas stores taken out through them, only 4.26% failed to pay back the loan. The SBA has not completely charged off anyone who got this loan.
You're going to need help running the store, so hire a some people that you think will be good, hard workers. You'll need people experienced in automotive repair obviously.
Before you open your new Midas store, you're going to travel to Midas' headquarters for three weeks of training. Once you've finished that in-house training, you are then required to receive one to two weeks of training at your own location.
One great thing about joining Midas as a franchise store is that you receive ongoing support from the company. They do this through newsletters, company meetings, a toll-free help phone line, a grand opening celebration and field operators. You also get to learn the company's security and safety procedures. Another great selling point for becoming a Midas franchise owner is the access to co-op advertising and the benefit of national media exposure.
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