About Midas
Midas is a full-service automotive repair franchise with 2,000+ locations in North America. Founded in 1956, Midas built its reputation on exhaust systems and has evolved into a comprehensive auto service brand offering brakes, tires, oil changes, and complete repair services.
The Midas franchise benefits from TBC Corporation ownership which provides significant purchasing power for tires, parts, and supplies. The full-service automotive model generates higher revenue per customer visit than quick lube-only concepts.
Frequently Asked Questions
How much is the Midas franchise fee?
The Midas initial franchise fee is $30,000. Total investment ranges from $207K–$526K, which includes buildout, equipment, inventory, and working capital. Contact a Midas franchise representative for current FDD details.
What is the total cost to open a Midas franchise?
Total investment to open a Midas franchise ranges from $207K–$526K. This includes the initial franchise fee of $30,000 plus real estate, construction, equipment, training, and opening inventory costs.
What is Midas's royalty fee?
Midas charges a royalty fee of 5% on gross sales. An additional 8% marketing/advertising fund contribution is also required. These ongoing fees fund brand marketing and corporate support.
Is Midas a good franchise investment?
Midas has established brand recognition and a proven business model. As with any franchise, success depends on your market, execution, and local competition. Review the current FDD (Franchise Disclosure Document) and speak with existing franchisees before investing.
How do I apply to become a Midas franchisee?
To apply for a Midas franchise, visit their official franchise website or contact their franchise development team. You'll typically need to complete an application, review the FDD, attend a discovery day, and meet their financial qualification requirements.