2026 FDD Issued Apr 16, 2026 Minnesota Commerce (CARDS) Checked Oct 22, 2026
Midas Franchise Cost (2026)
A Midas franchise costs an estimated $385,450 – $940,050 to open, according to Item 7 of the 2026 Franchise Disclosure Document (FDD). That total includes the $35,000 initial franchise fee (Item 5) and covers this format: New 8-Bay Midas Shop. Item 6 lists royalty: Varies, subject to the conditions below.
- Total investment
- $385K – $940KItem 7 source and qualifications
- Franchise fee
- $35KItem 5 source and terms
- Royalty
- VariesItem 6 conditions and fee bases apply
- Brand fund
- See Item 6Item 6 conditions and fee bases apply
- Liquid capital
- $200KFranchisor website, checked October 29, 2026
- Net worth
- $600KFranchisor website, checked October 29, 2026
- Units (2025)
- 1,000Item 20 source and scope
- Franchise exit rate
- 4.8% / yrCalculated 3-year average; definition and source
What stands out about Midas
The main Item 7 estimate is for a new leased eight-bay shop, with equipment, tools and opening inventory accounting for much of $385,450 – $940,050. An owner converting an existing repair facility or adding the SpeeDee concept has a different printed budget. The standard initial fee can change under specified existing-owner, conversion, veteran and first-responder programs; the leased-shop table uses the standard amount.
Item 6 uses different royalty rates for ordinary service, tires, batteries and qualifying fleet work. Midas says it uses part of the royalties it collects for marketing, which is not an additional flat fee owed by franchisees. Warranty registration, tire guarantee and fleet processing can add per-transaction costs. These differences prevent a single sales rate from capturing the actual fee schedule.
Item 20 shows a sharp decline in separately counted franchised outlets in 2025. Much of that movement came from shops reacquired by the franchisor and counted as company-owned at year end, so the calculated exit figure should not be read as a shutdown count. Item 19 groups full-year operators into revenue quartiles but does not provide a whole-system average for a new-shop projection.
What are the initial franchise fees and financial requirements for Midas?
Item 5 lists an initial franchise fee of $35,000 for Midas. Check the cited Item 5 for payment timing, discounts and format-specific terms.
These minimums come from the franchisor’s website, not from the FDD, and can change: Midas franchise page (checked October 29, 2026).
Item 5 PDF pp. 16-19 lists a standard $35,000 initial fee, with a $10,000 application deposit credited toward it. An eligible independent-shop conversion pays $17,500; qualified existing franchisees may pay $10,000 or $5,000 for additional shops under the stated deadlines. The fee for the first shop of an eligible veteran or first responder may be waived, though a minimum site payment can still apply before a site is identified. Refunds are limited and depend on the application and site-selection facts.
Source: Midas 2026 FDD, Item 5, PDF p. 16.
How much does it cost to open a Midas franchise? (Item 7)
Source: Midas 2026 FDD, Item 7, PDF p. 28.
Item 7 of Midas’s 2026 Franchise Disclosure Document estimates the total cost to open one new 8-bay midas shop at $385,450 – $940,050. This total includes the initial franchise fee.
| Expense Category | Low ($) | High ($) |
|---|---|---|
| Initial Franchise Fee, Minimum Site Payment, or Deposit | $35,000 | $35,000 |
| Marketing Support Program or Other Grand Opening Advertising | $20,000 | $20,000 |
| Travel & Living Expenses while Training | $1,050 | $8,000 |
| Security Deposit, Licenses & Permits | $10,000 | $50,000 |
| Rent and Real Estate Taxes (3 months) | $15,000 | $75,000 |
| Equipment & Tools | $180,000 | $385,000 |
| Shipping and Installation Costs - Equipment | $15,500 | $41,000 |
| Computer, Hardware & Telephone System | $10,300 | $30,800 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $10,300 | $30,800 |
| Branding | $10,300 | $41,000 |
| Shipping and Installation Costs - Signage | $5,100 | $25,700 |
| Initial Inventory & Supplies | $25,700 | $103,000 |
| Point-Of-Sale System License and Training Fees | $0 | $10,800 |
| Point-of-Sale System Software Maintenance Fee (3 months) | $0 | $1,250 |
| Parts & Labor Guide Subscription (3 months) | $0 | $400 |
| Insurance (3 months) | $1,550 | $4,600 |
| Legal & Accounting | $1,050 | $3,600 |
| Additional Funds (3 months) | $41,500 | $69,000 |
| Miscellaneous | $3,100 | $5,100 |
| Total | $385,450 | $940,050 |
Other formats
| Format | Total investment |
|---|---|
| Conversion of an operating or previously operated auto repair facility | $143,400 – $941,050 |
| Midas/SpeeDee co-branding shop | $170,150 – $1,365,750 |
Item 7 PDF pp. 28-30 prints the estimate for a new leased eight-bay Midas Shop. Buying land and constructing a facility is outside this table; PDF p. 31 separately estimates land purchase and construction costs. Conversion and co-branding formats have their own printed totals.
What ongoing royalties and fees does Midas charge? (Item 6)
Source: Midas 2026 FDD, Item 6, PDF p. 20.
Item 6 of Midas’s 2026 FDD lists the charges below. Recurring charges and charges triggered by a transfer, renewal or other event have different conditions. Read each fee’s basis and notes before comparing rates.
How to read an Item 6 fee table.
| Fee Type | Amount / Rate | Payment Frequency | Notes & Source |
|---|---|---|---|
| Royalty | Varies | Every period | Usually 10% of Net Revenue, 6% for qualifying tire-related sales, 2% for batteries and 0% for at-cost Exempt Sales; some co-branded sales reach 11%. Qualifying new/existing owners and fleet transactions may receive reduced rates or credits (PDF pp. 25-27). (Item 6, PDF p. 20) |
| Marketing / Advertising | Varies | When it applies | No separate 5% franchisee charge: Midas spends at least half the royalties it receives on system marketing, subject to the Item 6 Note A qualifications. A new shop may separately owe the Item 5 grand-opening contribution. (Item 6, PDF p. 20) |
| Warranty Registration Fee | Varies | When it applies | $2.43 per brake-pad/shoe axle, $4.80 per muffler, $1.04 per shock/strut and $2.43 per missing or unknown part when a covered warranty is registered. (Item 6, PDF p. 21) |
| Midas Limited Lifetime Tire Guarantee Fees | $1.60 | When it applies | $1.60 per qualifying tire sold, potentially increased to third-party administrator cost. (Item 6, PDF p. 21) |
| Rent, Taxes and Insurance | Varies | When it applies | If leasing from Midas Realty or Midas Property: fixed minimum rent of $5,000-$20,000 per month, or in limited cases at least 7% of Gross Sales, plus real-estate taxes of $1,000-$5,000 monthly and insurance. Third-party leases differ. (Item 6, PDF p. 21) |
| Transfer Fee | Varies | When it applies | For agreements since April 2010, greater of $5,000 or 15% of new-franchisee initial fee. Older agreements use 0.5% of business sale price. Simultaneous additional-shop transfers capped at $1,250 each. No fee for certain owner-controlled entity transfers. (Item 6, PDF p. 22) |
| New Franchisee Support Fee (On Transfer) | Varies | When it applies | When buyer is a new Midas franchisee, then-current initial fee less transfer fee, in addition to the transfer fee. (Item 6, PDF p. 22) |
| Resale Assistance Fee | Varies | When it applies | Up to $15,000 if Midas finds the buyer or facilitates the shop sale. (Item 6, PDF p. 22) |
| Relocation Fee | $1,000 | When it applies | For moving a shop, with stated exceptions and possible partial refund. (Item 6, PDF p. 23) |
| Renewal Fee | Varies | When it applies | Currently $5,000; defined as half the then-current initial fee for existing multi-shop franchisees and may rise to $17,500. (Item 6, PDF p. 23) |
| Audit Fee | Varies | When it applies | Audit cost plus royalties due if Net Revenue understated by more than 5% in twelve months or the owner obstructs the audit. (Item 6, PDF p. 23) |
| Interest Charge on Late Royalty Payments | Varies | When it applies | Lesser of 18% per year or maximum lawful rate on overdue obligations. (Item 6, PDF p. 24) |
| Late Charge on Electronic Submission of Monthly Sales Report | $20 per month | When it applies | $20 for a late electronically submitted monthly sales report. (Item 6, PDF p. 24) |
| Fee for Manually Completing Monthly Sales Report | $100 – $500 | When it applies | Currently $100; may increase to $500 maximum when Midas prepares the report. (Item 6, PDF p. 24) |
| Promotional Material and Supplies | Varies | When it applies | Supplier cost plus a markup up to 10%, depending on purchases; may be free during promotions. (Item 6, PDF p. 24) |
| Costs and Attorneys Fees | Varies | When it applies | Actual costs incurred in enforcement or other stated situations. (Item 6, PDF p. 24) |
| Fleet Program Processing Fee | Varies | When it applies | 1.25% of qualifying fleet sales transactions plus $0.95 per transaction; passed to the processor. (Item 6, PDF p. 24) |
| E-mail Account | $0 – $100 per month | When it applies | Currently no charge; franchisor may charge up to $100 per month in future. (Item 6, PDF p. 24) |
| Liquidated Damages | $300 | When it applies | $300 per day during a breach of nonmonetary franchise-agreement provisions. (Item 6, PDF p. 24) |
| Indemnification | Varies | When it applies | Actual losses, damages and claims arising from operation. (Item 6, PDF p. 24) |
| Insurance | Varies | When it applies | Reimbursement of actual replacement-insurance cost if required coverage is not maintained. (Item 6, PDF p. 25) |
Explore annual fees and payback assumptions
This fee schedule cannot be reduced to the calculator’s simple sales-based formula. Enter your own assumptions and check them against the Item 6 terms.
Midas startup investment and modeled fees over 10 years
The standard royalty differs for ordinary service, tires, batteries, exempt at-cost transactions, qualifying fleets and some co-branded shops; introductory incentives also change rates. Item 19 discloses only quartile averages, not a systemwide average or median. Franchisor marketing spending comes from collected royalties, not an extra flat percentage. A single sales figure cannot yield a responsible annual fee model. See the fee amounts and definitions in Item 6 above. Open the calculator with your own assumptions.
Item 20: Midas franchised outlet history
Source: Midas 2026 FDD, Item 20, PDF p. 85.
Item 20 Table 3 reports 889 franchised outlets at the end of 2025. The company-owned table reports a further 111 outlets. Our calculated average annual franchised exit rate is 4.8% across the 3 reported years, using the definition below.
| Year | Franchised at Start | Opened | Reported Exits | At End | Franchise Exit Rate (%) |
|---|---|---|---|---|---|
| 2023 | 971 | 15 | 14 | 972 | 1.4% |
| 2024 | 972 | 9 | 6 | 975 | 0.6% |
| 2025 | 975 | 33 | 119 | 889 | 12.2% |
Franchised units went from 971 to 889 over 3 years (-82).
Reported exits include terminations, non-renewals, franchisor reacquisitions and other cessations. A reacquired outlet may continue operating, and some reported events may reflect mergers or reopenings. How we calculate the exit rate. How to read the Item 20 outlet tables.
43 units changed owners in 2025.
Item 20 Table 3, PDF p. 85, reports 111 franchisee outlets reacquired by the franchisor in 2025; Table 4, PDF p. 86, records the same 111 as company-owned at year end. They left the franchised count but were not reported as shutdowns. The 2023 and 2024 counts were restated to December 31 year ends after a fiscal-year change. The separate Midas/SpeeDee co-branding outlets appear in later Item 20 tables.
How much do Midas franchise owners make? (Item 19)
Source: Midas 2026 FDD, Item 19, PDF p. 76.
Item 19 of the 2026 FDD reports top Quartile Average Gross Revenue of $2,141,832 (2025, Top Quartile among 856 Midas franchisees operating throughout 2025). Midas’s Item 19 reports sales but no profit, costs or owner pay. Rent, payroll, supplies, loan payments and Item 6 fees such as the royalty (Varies) come out of sales before an owner is paid, so these figures cannot show what an owner earns.
See every Midas Item 19 figure, with its period and sample.
Payback calculator (enter your own assumptions) Check any inputs against this record’s Item 7 startup costs and Item 6 fee rules.
How long is the Midas franchise agreement term?
Source: Midas 2026 FDD, Item 17, PDF p. 68.
The standard Midas franchise agreement runs 20 years, with renewal terms of 20 years.
A new agreement lasts 20 years. The FDD describes one possible additional twenty-year renewal and separate possible five-year extensions on then-current terms; applicable fees and shop standards may change.
How long does it take to open a Midas franchise? (Item 11)
Source: Midas 2026 FDD, Item 11, PDF p. 56.
Item 11 of the 2026 FDD states the time from signing the franchise agreement to opening: 12 to 24 months for a new shop.
Taking over an operating Midas shop usually takes about 1 to 2 months, and converting an existing automotive shop typically 2 to 3 months.
Franchises with a similar investment range
These published records are selected by proximity to Midas’s $385,450 low-end Item 7 investment, starting with Automotive. Formats, fees and source qualifications differ; the figures are not interchangeable budgets:
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Frequently Asked Questions about Midas
- How much does a new Midas franchise cost?
- Item 7 of the 2026 FDD estimates $385,450-$940,050 for a new leased eight-bay shop. It separately lists $143,400-$941,050 for a conversion and $170,150-$1,365,750 for a co-branding shop.
- What is the initial franchise fee?
- Item 5 lists a standard $35,000 initial fee. Conditional conversion, existing-franchisee, veteran and first-responder programs can reduce or waive it. A $10,000 application deposit is credited according to the FDD terms.
- How do Midas royalties and advertising work?
- Item 6 lists a standard 10% royalty on Net Revenue, with lower rates for tires and batteries, certain qualifying fleet transactions and approved incentives. Some co-branding sales can carry an 11% rate. Midas allocates some collected royalties to marketing; that is not a separate flat 5% owner charge.
- What sales results are in Item 19?
- Item 19 reports 2025 gross revenue in four ranked quartiles for 856 franchisees operating all year. It does not state a single all-shop average or median, and quartile sales are not owner profit.
Sources
Midas International, LLC Franchise Disclosure Document, issued April 16, 2026, as filed with the Minnesota Commerce (CARDS). Read the source FDD PDF. How to get this FDD yourself.
- Item 5: cited PDF p. 16
- Item 6: cited PDF p. 20
- Item 7: cited PDF p. 28
- Item 19: cited PDF p. 75
- Item 20: cited PDF p. 85
- Agreement term (Item 17): cited PDF p. 68
Page references for Midas use the PDF viewer's digital page count, not printed page headers. Some viewers download the document instead of opening the referenced page.
If the state document viewer does not open, use Minnesota Commerce's public filing instructions to look up the filing by franchisor name and document date.
Document & verification changelog
- October 29, 2026: Record updated.
- October 22, 2026: Source check completed against the recorded FDD.
- October 22, 2026: Initial cost profile published from the 2026 Franchise Disclosure Document (issued April 16, 2026).