How much does it cost to open a Midas franchise?

The total initial investment for a Midas franchise ranges from $341,650 to $924,890. This includes the franchise fee of $35,000, buildout costs, equipment, and initial working capital.

What are the ongoing fees for a Midas franchise?

Midas franchisees pay a 10.0% royalty fee. These are typically calculated as a percentage of gross revenue.

How much money can you make with a Midas franchise?

Based on Item 19 financial performance data, the median Midas franchise generates $1,024,502 in annual revenue. Estimated owner profit is approximately $133,185.

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Automotive

Midas Franchise Cost Breakdown

Complete investment analysis based on official FDD data

Total Investment

$341,650 – $924,890

Franchise Fee

$35,000

Royalty Rate

10.0%

Initial Investment Range

Low: $341,650 High: $924,890

The total initial investment to open a Midas franchise ranges from $341,650 to $924,890, as disclosed in their Franchise Disclosure Document. This includes the one-time franchise fee of $35,000.

Midpoint estimate: $633,270

Franchise Fee

$35,000

One-time initial fee

The Midas franchise fee is a one-time upfront payment made to the franchisor when you sign the franchise agreement. This fee grants you the right to operate under the Midas brand and is included in the total initial investment range above.

Ongoing Fees

Royalty Fee

10.0%

of gross revenue

Ad/Marketing Fund

N/A

Other Ongoing Fees

Fee Type	Rate	Type	Notes
Royalty	10.0	PCT	Standard rate is 10%. Reduced rates apply: 6% for tires and certain tire-related products/services; 2% for batteries (excluding related products/services); 0% for Exempt Sales (third party towing, rental car services, state inspection stickers at cost). Fleet Program: 4% for Qualifying National Fleet Customers, 7% for Qualifying Local Fleet Customers. Co-Branding Shops in SpeeDee DMAs pay 11% on SpeeDee Net Revenues. Net Revenue excludes sales, use or gross receipts taxes. Volume rebate incentive available for qualifying franchisees (0.15%-0.40% rebate based on annual Net Revenue).
Marketing/Advertising	N/A	VARIABLE	Franchisor expends minimum of one-half of royalties actually received from all Midas franchisees for media costs, commissions, production and marketing/promotion. For Tire Royalty, minimum one-third used for marketing/promotion. For Fleet Program, one-half of reduced fleet royalty (or one-third for tire-related) used for marketing. Co-Branding Shops contribute 50% or 54.5% of SpeeDee segment royalties to SpeeDee's separate advertising program.
Warranty Registration Fee	N/A	FIXED	Brake pads/shoes: $2.43 per axle; Mufflers: $4.80 each; Shocks/Struts: $1.04 each; Missing/Unknown Parts: $2.43 each. Added to Trade Account Statement upon warranty registration, due generally by 17th of month. Used to redeem future warranty claims.
Midas Limited Lifetime Tire Guarantee Fees	1.6	FIXED	Required participation program. Paid to third party supplier administrator designated by franchisor. Fees may be modified by supplier upon notice. Applies to all qualifying tires sold.
Rent, Taxes & Insurance	N/A	VARIABLE	Fixed minimum rent $5,000-$20,000 per month or 7% or greater of Gross Sales in certain limited circumstances. Plus real estate taxes $1,000-$5,000 per month and insurance. Fixed minimum rent increases yearly or at other periods over 20-year lease term. Every 5 years, may establish new fixed minimum rent based on fair market value. Monthly payments via ACH Debit, due first of each month. Gross sales rent in excess of annual fixed minimum payable by March 1st of succeeding year.
Transfer Fee	N/A	VARIABLE	For Franchise Agreements dated April 1, 2010 or after: greater of (a) $5,000 or (b) 15% of initial franchise fee for new franchisees owning no other Midas Shops. For Agreements before April 1, 2010: 0.5% of sales price (excluding real estate). Multiple simultaneous transfers: capped at $1,250 per shop after first shop. No charge if transfer to entity franchisee owns/controls. Refundable if transfer not approved.
New Franchisee Support Fee (on Transfer)	N/A	VARIABLE	Amount equal to initial franchise fee for transferee's first Midas Shop (based on then-current initial franchise fee and incentives), less transfer fee paid. Deposit of $10,000 on submission of transfer application, remaining amount upon execution of new Franchise Agreement. Payable in addition to transfer fee. Refundable if transfer not approved.
Resale Assistance Fee	N/A	FIXED	Up to $10,000. Payable before transfer effective if franchisor or its employees/agents identify transferee or facilitate sale. Amount based on broker commission paid, up to maximum of $10,000. Payable in addition to transfer fee.
Relocation Fee	1000.0	FIXED	Payable upon providing notice of intent to relocate to compensate for site review expenses. Not required if subleasing from franchisor/affiliates and head lease expires. Refundable (less expenses incurred) if approved location not found within one year of closing and Franchise Agreement terminated.
Renewal Fee	5000.0	FIXED	One-half of initial franchise fee charged to franchisees who already own one or more Midas Shops. Current Renewal Fee is $5,000. Payable at franchisee's option: (i) two equal installments (first on renewal start, second on one-year anniversary) or (ii) twelve equal monthly payments beginning on renewal start. Multiple renewals within 12 months: total renewal fees paid in equal annual installments (up to 10) matching number of franchises renewed. Additional funds may be required for shop renovation or relocation as renewal condition.
Audit Fee	N/A	VARIABLE	Payable 30 days after billing. Only payable if audit shows understatement of more than 5% of Net Revenues during any consecutive 12-month period, or if franchisee obstructs or fails to cooperate with audit.
Interest Charge on Late Royalty Payments	18.0	PCT	Lesser of 18% per year or maximum rate allowed by law. Due 30 days after billing only if payments overdue. Assessed beginning 10th day after applicable due date, or beginning on due date if not paid within 30 days.
Late Charge on Electronic Submission of Monthly Sales Report	20.0	FIXED	Added to Franchised Unit's Trade Account Statement, payment due generally by 17th day of month.
Fee for Manually completing Monthly Sales Report	100.0	FIXED	Currently $100, as incurred. If Midas must manually calculate and create monthly statement of Net Revenue, franchisee pays then-current fee for this service.
Promotional Material and Supplies	N/A	VARIABLE	Varies based on what franchisee purchases. May be provided free of charge in conjunction with marketing promotions. Due 30 days after billing. Includes banners, posters, brochures, estimate and invoice forms.
Costs and Attorneys' Fees	N/A	VARIABLE	Will vary under circumstances. As incurred. Payable upon failure to comply with Franchise Agreement or other situations.
Fleet Program Processing Fee	1.25	PCT	1.25% of sales transaction to Qualifying National and Local Fleet Customers plus $0.95 per transaction. As specified by supplier. Paid to third party billing processor (Sound Billing, LLC d/b/a MyFleetCenter) for participation in Fleet Program. Optional program requiring Fleet Amendment signature.
E-mail Account	N/A	VARIABLE	Currently none. As determined by franchisor. Currently provided at no charge but franchisor may impose fee in future.
Liquidated Damages	300.0	FIXED	$300 per day. As incurred and billed. Payable during any period franchisee is in breach of non-monetary provisions of Franchise Agreement.
Indemnification	N/A	VARIABLE	Will vary under circumstances. As incurred. Franchisee must reimburse franchisor for all loss, damage, and claims for damage arising out of operation of Franchised Unit.
Insurance	N/A	VARIABLE	Will vary under circumstances. As incurred. If franchisee fails to obtain/maintain required insurance coverage, franchisor may (but not required to) obtain insurance on franchisee's behalf. Franchisee must reimburse franchisor for cost.
Deferred Maintenance	N/A	VARIABLE	Will vary under circumstances. As incurred. If purchasing Midas Shop from existing franchisee, buyer or seller must repair conditions identified in franchisor's inspection within 90 days of purchase. See Exhibit F-6.

What You Get

Financial Performance (Item 19)

Median Revenue

$1,024,502

per year, per location

Profitability Estimate

Estimated Owner Profit

$133,185

per year

Profit Margin

13.0%

of revenue

Estimation method: benchmark

Estimated ROI (Simple Payback): 4.8 years

Based on midpoint investment of $633,270 and estimated annual owner profit of $133,185.

Unit Growth & Failure Rate

Avg. Annual Closure Rate

1.8%

Low risk — below industry average

Net Unit Growth

-970 units

From 2022 to 2025

Unit Activity History

Year	Start	Opened	Closed	Transfers	End
2022	970	+15	-15	—	963
2023	963	+21	-15	—	967
2024	967	+16	-8	—	975
2025	—	—	—	—	—

Is a Midas Franchise Worth It?

Based on the FDD data, here is a data-driven snapshot of the Midas franchise opportunity:

Overall Score

66/100

Moderate opportunity

Est. Payback Period

4.8 yrs

Average payback

Risk Level

Low

1.8% annual closure rate

Midas shows a moderate score across our evaluation criteria. Careful due diligence is recommended. With median unit revenue of $1,024,502 , prospective franchisees should model their own financial projections carefully. For a complete analysis including risk factors, deal-breaker flags, and detailed financial modeling, see the full report.