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Jim's dream of owning his own Midas franchise came true in 1979, 1986, 1990, 1993, and again in 1997.
While working at Midas since he was 17-years-old as a technician and rising through the ranks to manager, Jim Taylor dreamed of owning his own Midas franchise. In 1979, Jim packed up his 1973 Plymouth Duster and a rented U-Haul trailer and moved his family from Chicago to Minnesota in pursuit of his dream. With a non-traditional loan and a high interest rate, he was the proud new owner of a troubled Midas franchise in Coon Rapids, Minnesota. Jim turned the store's revenue into the black and received Midas' Rookie of the Year award that same year. In 1986,with the help of SBA and CMDC, Jim purchased his second store in Fridley. His third, fourth, and fifth stores followed in 1990, 1993, and 1997.
Jim's Maple Grove, Coon Rapids, and Elk River stores were all purchased with the assistance of CMDC and SBA.
"I couldn't have done it without CMDC and the SBA. They kept it simple. The price was right. The service was right. My goal was to be successful and own my own business - CMDC helped make that happen."Jim's success was recognized in 1989 when he was honored with the Pride of Midas award. "CMDC has been so helpful - all I had to do was sign. They mediate everything, understand the laws and their name means a lot to the banks," Jim reflects. Midas provides full-service automotive maintenance and repair services, including oil changes, preventive maintenance, and lifetime guaranteed brakes. Midas
13350 Grove Drive
Maple Grove, MN 55369