Midas Named Among Franchise Business Review’s 75 Most Profitable Franchises

Midas was recently named on Franchise Business Review’s 75 Most Profitable Franchises list, according to a press release.

The franchise market research firm performs independent surveys of franchisee satisfaction, with rankings of top franchises published semi-annually in its Guide to Today’s Top Franchises. This year, the company analyzed data from more than 35,000 franchise owners, representing 365 brands, who were surveyed on overall satisfaction with their brand and likelihood to recommend it to others. Other factors include the annual income of franchise owners and the minimum startup capital requirement.

Midas’ franchisees were surveyed on 33 benchmark questions about their experience and satisfaction in different areas of their franchise systems, including training and support, operations, franchisor-franchisee relations, and financial opportunity.

This year's survey showed Midas’ strongest performance yet, with improvements across every single category and the highest overall score in the company’s history. The results showed highly engaged franchisees who are passionate about the brand and likely to recommend it to others.

Midas was also recognized for the profit workshops it offers its franchisees, with networking and training opportunities available. 76% of respondents said they were planning to attend the event this year.

“Midas participates in this survey annually. We listened to the feedback to make changes and were thrilled to see improvements across every category of the survey,” said Lenny Valentino, president and COO of Midas. “Three years ago, training was one of the lower-rated areas, but this year it’s one of the most improved areas. At Midas, we are constantly looking for opportunities to invest in areas of the company to build a stronger brand and franchise model.”