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- Case Study 2: Expanding a Midas Franchise
Driving Efficiency and Growth:
How a Midas Franchise Expanded Its Reach
“Upgrading our equipment transformed how we serve customers and fueled our expansion. With Tribeca’s ongoing support, we’re excited to continue growing our business and reaching new milestones together.”
— Howie Z. Midas Franchise Owner
Challenge:
Running two thriving Midas locations in Phoenix, franchise owner Howie Z. faced a growing challenge: outdated equipment was causing delays, frustrating loyal customers, and limiting his ability to take on new clients. Howie prided himself on delivering quality service, but he knew the business’s reputation—and its future growth—depended on finding a way to modernize operations and scale effectively
Solution:
Tribeca Funding provided Howie with a flexible line of credit tailored to meet the franchise’s operational needs. The funding allowed both Phoenix locations to replace outdated equipment, dramatically improving service efficiency and reducing customer turnaround times. These upgrades positioned the business to meet growing demand while maintaining its reputation for high-quality service.
Outcome:
The equipment upgrades doubled service capacity in Phoenix, allowing Howie’s team to deliver faster, more efficient service while maintaining high-quality standards. With this success, Howie expanded into the Tucson market, opening two new locations that quickly became community favorites. Howie’s ability to grow while staying true to his values set the stage for even greater opportunities ahead.
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