Midas Franchise FDD, Profits & Costs (2026)
Midas, a leading automotive service brand, was founded on April 20, 1956, by Nate H. Sherman. Initially known as Midas Muffler in Macon, Georgia, it gained a reputation for top-quality muffler replacements. Over time, Midas expanded its offerings to include brake repair, scheduled maintenance, oil changes, and tire services.
Headquartered in Palm Beach Gardens, Florida, Midas operates more than 2,100 locations across the U.S., Canada, and globally. The franchise model, with a mix of franchised and company-owned shops, helped Midas grow rapidly. It began franchising soon after its founding, capitalizing on its strong brand recognition.
Midas sets itself apart with a commitment to customer satisfaction and strong franchisee support. Its iconic slogan, “Trust the Midas Touch,” highlights the brand’s dedication to quality and reliability.
Initial Investment
How much does it cost to start a Midas franchise? It costs on average between $143,000 - $1,366,000 to start a Midas franchised store.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property.
Midas offers 3 investment options:
| Type of Franchise | Initial Investment |
|---|---|
| New 8-Bay Midas Shop | $385,450 to $940,050 |
| Conversion of an Operating or Previously Operated Automotive Repair Facility to a Midas Shop | $143,400 to $941,050 |
| Co-Branding Shop Franchise | $170,150 to $1,365,750 |
The following breakdown summarizes the estimated startup costs for a new 8-bay Midas Shop.
We are summarizing below the main costs associated with opening a New 8-Bay Midas Shop franchise.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee, Minimum Site Payment, or Deposit | $35,000 |
| Marketing Support Program or Other Grand Opening Advertising | $20,000 |
| Travel & Living Expenses while Training | $1,050 to $8,000 |
| Security Deposit, Licenses & Permits | $10,000 to $50,000 |
| Rent and Real Estate Taxes – 3 Months | $15,000 to $75,000 |
| Equipment & Tools | $180,000 to $385,000 |
| Shipping and Installation Costs – Equipment | $15,500 to $41,000 |
| Computer, Hardware & Telephone System | $10,300 to $30,800 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $10,300 to $30,800 |
| Branding | $10,300 to $41,000 |
| Shipping and Installation Costs – Signage | $5,100 to $25,700 |
| Initial Inventory & Supplies | $25,700 to $103,000 |
| Point-Of-Sale System License and Training Fees | $0 to $10,800 |
| Point-of-Sale System Software Maintenance Fee – 3 Months | $0 to $1,250 |
| Parts & Labor Guide Subscription – 3 Months | $0 to $400 |
| Insurance – 3 Months | $1,550 to $4,600 |
| Legal & Accounting | $1,050 to $3,600 |
| Additional Funds – 3 Months | $41,500 to $69,000 |
| Miscellaneous | $3,100 to $5,100 |
| Total Estimated Initial Investment | $385,450 to $940,050 |
For a Co-Branding Shop franchise, Midas discloses additional estimated costs beyond the applicable Midas Shop investment table.
| Type of Expenditure | Amount |
|---|---|
| Oil Change Bay Lift Costs | $0 to $29,000 |
| Additional Equipment & Tools | $0 to $37,000 |
| Emissions Analyzer | $0 to $41,000 |
| Shipping and Installation Costs – Equipment | $0 to $11,300 |
| Office & Waiting Room Furniture | $2,050 |
| Branding & Exterior Improvements | $11,300 to $77,000 |
| Shipping and Installation Costs – Signage | $0 to $10,250 |
| Initial Inventory | $0 to $5,100 |
| Total Estimated Additional Initial Investment | $13,400 to $212,000 |
| Total Investment Under Preceding Tables | $143,400 to $941,050 |
| Total Estimated Investment for Co-Branding Shop | $170,150 to $1,365,750 |
Midas Franchise Disclosure Document
Frequently Asked Questions
How many Midas locations are there?
As of the latest data, Midas operates over 1,000 locations globally. This includes nearly 1,300 locations across the U.S. and Canada. Most of these shops are franchised, as Midas does not have company-owned stores.
What is the total investment required to open a Midas franchise?
The total investment required to open a Midas franchise ranges from $143,000 - $1,366,000.
What are the ongoing fees for a Midas franchise?
The ongoing fees for a Midas franchise include a royalty fee of 2%-10% of gross sales. Additionally, franchisees must contribute 6.00% of gross sales towards the national marketing fund.
These fees help support both operational costs and marketing efforts, ensuring consistent brand presence and promotional activities across all Midas locations.
Who owns Midas?
Midas is owned by TBC Corporation, a prominent company in the automotive industry. TBC Corporation acquired Midas in 2012, expanding its portfolio of automotive service brands. TBC itself is partly owned by Michelin North America, which acquired a 50% stake in TBC in 2018 through a joint venture.
This ownership structure positions Midas within a broader network of automotive service and tire companies under the TBC umbrella, benefiting from extensive resources and industry expertise.
Disclaimer
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Research Midas Franchises franchise data: For the full FDD cost breakdown, investment tables, and Item 19 disclosures, visit FranchisePayback.com → Midas Franchises FDD Review.
