About Midas International Franchise
Midas is one of the most recognized automotive service franchise brands in the world, with a history of franchising that dates back to 1956.
Originally known for muffler and exhaust repair, Midas has evolved into a full service auto care provider offering brakes, tires, oil changes, steering and suspension work, and general maintenance.
The brand operates under Metis HoldCo and continues to grow its network of service centers.
Midas International Franchise Cost & Fees
Minimum Investment
$342K
Average Investment
$633K
Maximum Investment
$925K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $10,000 - $35,000 | One-time payment upon signing |
| Royalty Fee | 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | - see Note A | National brand fund |
| Total Investment Range | $341,650 – $924,890 | Includes build-out, inventory, working capital |
The investment range of $342K–$925K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise) and marketing fee (- see Note A) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee, Minimum Site Payment, or Deposit | $10,000 | $35,000 |
| Marketing Support Program or Other Grand Opening Advertising | $20,000 | $25,000 |
| Travel & Living Expenses while Training | $1,000 | $7,800 |
| Security Deposit, Licenses & Permits | $0 | $50,000 |
| Rent and Real Estate Taxes (3 months) | $15,000 | $75,000 |
| Equipment & Tools | $175,000 | $375,000 |
| Shipping and Installation Costs - Equipment | $15,000 | $40,000 |
| Computer, Hardware & Telephone System | $10,000 | $30,000 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $10,000 | $30,000 |
| Branding | $10,000 | $40,000 |
| Shipping and Installation Costs - Signage | $5,000 | $25,000 |
| Initial Inventory & Supplies | $25,000 | $100,000 |
| R.O. Writer License and Training Fees | $0 | $10,500 |
| R.O. Writer Software Maintenance Fee (3 months) | $0 | $1,200 |
| Smart eCat Epicor Parts & Labor Guide Subscription (3 months) | $0 | $390 |
| Insurance (3 months) | $1,500 | $4,500 |
| Legal & Accounting | $1,000 | $3,500 |
| Additional Funds (3 months) | $40,150 | $67,000 |
| Miscellaneous | $3,000 | $5,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | Greater of $5,000 or 15% of initial franchise fee for new franchisees (for agreements dated April 1, 2010 or after); 0.5% of sales price of business (excluding real estate) for agreements dated before April 1, 2010. Capped at $1,250 per shop after the first shop if transferring multiple shops simultaneously. |
| Renewal Fee | $5,000 |
| Audit Fee | Cost of audit plus actual additional royalties found to be due by the audit |
| Warranty Registration Fee | Brake pads or shoes: $2.43 per axle; Mufflers: $4.80 each; Shocks and Struts: $1.04 each; Missing/Unknown Parts: $2.43 each |
| Midas Limited Lifetime Tire Guarantee Fees | $1.60 per qualifying tire sold, paid to the administrator |
| Rent, Taxes & Insurance | Fixed minimum rent ($5,000 - $20,000 per month) or in certain limited circumstances, 7% or greater of Gross Sales; Plus real estate taxes ($1,000 - $5,000 per month) and insurance. |
| New Franchisee Support Fee (on Transfer) | An amount equal to the initial franchise fee that would be payable by the transferee for acquiring its first Midas Shop, based on Midas’s then-current initial franchise fee and applicable incentives, less the transfer fee paid. |
| Resale Assistance Fee | Up to $10,000 |
| Relocation Fee | $1,000 |
| Interest Charge on Late Royalty Payments | Lesser of 18% per year or maximum rate of interest allowed by law |
| Late Charge on Electronic Submission of Monthly Sales Report | $20 per month |
| Fee for Manually completing Monthly Sales Report | Currently $100 |
| Promotional Material and Supplies | Will vary based upon what you purchase; may be provided free of charge in conjunction with marketing promotions |
| Costs and Attorneys’ Fees | Will vary under Circumstances |
| Fleet Program Processing Fee | 1.25% of sales transaction to Qualifying National and Local Fleet Customers plus $.95 per transaction |
| E-mail Account | Currently none |
| Liquidated Damages | $300/day |
| Indemnification | Will vary under circumstances |
| Insurance | Will vary under the circumstances |
| Deferred Maintenance | Will vary under the circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 28-101 classroom hours, 60-120 on-the-job hours |
| Classroom Training | 28-101 |
| On-the-Job Training | 60-120 |
| Training Location | Palm Beach Gardens, Florida (classroom); Local operating Midas Shop or as agreed (on-the-job) |
| Additional Training | Midas may require franchisees and/or managers to complete additional training programs or courses after opening, with requirements described in the Manual or other written communications. Fees may be charged for additional training courses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | The Franchise Agreement grants the right to operate at a specific approved location only, without any exclusive geographic area, market, or territorial rights. Franchisees may face competition from other Midas franchisees, company-owned or affiliate-franchised outlets, or other competitive brands. The franchisor and its affiliates reserve the right to establish and operate other Midas Shops, Co-Branding Shops, or similar/different businesses under other trade names at any location, including in close proximity to the franchised unit, and to use other channels of distribution (e.g., Internet, catalog sales, telemarketing). |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 20 years |
| Renewal Term | One additional 20-year term (Franchise Agreement); one or more consecutive 5-year extension periods (Fleet Amendment) |
| Renewal Fee | $5,000 (one-half of the initial franchise fee charged to franchisees who already own one or more Midas Shops at the time of renewal) |
| Renewal Conditions | Must be in good standing (credit, building maintenance, system participation); sign then-current Franchise Agreement, Renewal Agreement, applicable Real Estate Document, general release (if state law allows) and other required documents (which may have materially different terms and fee requirements); conditions like shop renovation or relocation may be imposed. |
| Transfer Fee | Greater of $5,000 or 15% of initial franchise fee for new franchisees (for agreements dated April 1, 2010 or after); 0.5% of sales price of business (excluding real estate) for agreements dated before April 1, 2010. Capped at $1,250 per shop after the first shop if transferring multiple shops simultaneously. |
| Transfer Conditions | New or existing franchisee must qualify and submit application and transfer fee (credit, character, experience, etc.); new franchisee support fee (if applicable); not in default under Franchise Agreement; pay all outstanding amounts; purchase agreement approved; training completed; general release signed by transferor; sign then-current Franchise Agreement and other franchise documents (which may contain materially different terms and conditions). |
| Termination for Cause | Franchisor may terminate for: failure to pay fees or submit reports (15 days to cure); failure to perform other obligations (30 days to cure, or reasonable diligence if not curable in 30 days); repeated defaults (3 times in 12 months); willful material falsification of reports; willful repeated deception of customers; willful repeated refusal to honor Midas Guarantees; unapproved transfers; conviction of felony or conduct with adverse effect on system; failure to complete training; abandonment of business; failure to open business on time; failure to sign real estate documents; breach of related agreements; violation of non-compete covenant. Lease/sublease termination upon termination/expiration of Franchise Agreement. Non-curable defaults include bankruptcy-related events, falsifying records, abandoning premises, and repetitive defaults. |
| Non-Compete Period | During term of franchise: No competing business at any location. After termination/expiration: 2 years. |
| Non-Compete Details | During the term, franchisee cannot directly or indirectly engage in or have an interest in any business selling or installing automotive exhaust systems, brake components, shock absorbers, or other products/services nationally offered by Midas Shops. After termination/expiration, franchisee cannot directly or indirectly engage in or have an interest in a similar business within 15 miles of the former Midas Shop or any other Midas Shop for 2 years. For Michigan, not permitted to be involved in any automotive repair shop within a 1 mile radius of the Franchise Unit’s premises. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The success of the Franchised Unit depends on the personal and continued efforts, supervision, and attention of the franchisee. Unless otherwise agreed, the franchisee must personally participate and devote full time and effort to the direct on-premises management and operation. If the franchisee is a business entity, at least one individual must be designated as the Designated Owner, who must devote full time and effort to direct on-premises management and operation, hold an equity interest, and represent the franchisee in dealings with Midas. |
| Required Suppliers | Franchisees are required to purchase certain goods, services, supplies, fixtures, equipment, inventory, computer hardware and software, and real estate ("Products & Services") directly from Midas, designated sources, approved suppliers, or according to Midas' specifications. This includes approved brands of bulk oil and lubricants (Valvoline recommended but not required). For warranties, Fleet Program, and point-of-sale system, specific exclusive providers are designated. |
| Supply Restrictions | Midas issues specifications for "Required Products & Services" including minimum requirements for building size/style, zoning, signs, equipment, quality, delivery, performance, design, appearance, durability, warranties, price range. Franchisees must use approved brands of bulk oil and lubricants (API certified). Minimum tire inventory of 160 tires is required. R.O. Writer point-of-sale system is required for new franchisees, recommended for others, with fees paid to CRI. High-speed internet access is required for software updates and email communication. |
| Franchisor Revenue from Suppliers | $103.8 million (38.5% of total revenues) from franchisee purchases of Required Products & Services, including equipment, inventory, warranty registration, and Fleet Program processing. $27.1 million from rental income from real estate leases. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Midas does not offer direct or indirect financing from other sources, nor does it guarantee franchisee notes or other obligations, except for renewal fees. Renewal fees can be paid in 2 or 12 installments over a year, with no interest or financing charges. If Midas Realty or Midas Property owns or leases the property, the costs associated with acquiring the site and constructing the building are financed over the lease term as part of the rent. Midas may refer franchisees to third-party lending institutions or leasing companies for equipment financing, which typically require assets as collateral and may require personal guarantees. |
Midas International Franchise Earnings — Item 19
Average Revenue
$1.2M
Sample Size
941 units
Past financial performance does not guarantee future results. Individual results will vary.
Midas International Litigation & Risk Flags
Clean Litigation RecordMidas International has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Midas International System Growth
Total Units
975
Franchised
975
Company-Owned
0
Midas International currently operates 975 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2022 | 15 | 15 | 963 |
| 2023 | 21 | 15 | 967 |
| 2024 | 16 | 8 | 975 |
Transfers: 73 | Closures: 8
State Registrations
Registered in 14 states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$2.6M
Net Income
$1.2M
Total Assets
$213K
Audited by Warren Averett, LLC for year ending December 31.
Midas International Franchise — FAQ
The total investment to open a Midas International franchise ranges from $341,650 to $924,890, per their Franchise Disclosure Document. This includes the initial franchise fee of $10,000 - $35,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Midas International charges a royalty fee of 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise of gross sales, plus a - see Note A contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Midas International Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Midas International to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Midas International franchise owners report average revenue of $1.2M. This is based on a sample of 941 units. Past performance does not guarantee future results.
Midas International has been franchising since 1956. The FDD shows an investment range of $341,650-$924,890, a 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $10,000 - $35,000 and the total investment ranges from $341,650 to $924,890 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Midas International and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Midas International or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com