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MIDAS SHOP
Midas Shops are automotive maintenance and service centers that sell and install parts including exhaust systems, brake components, suspension parts, tires, batteries, heating/cooling parts, and other vehicle components, while performing related services such as brake repairs, tire services, alignments, exhaust work, battery installation, and general/scheduled maintenance. The franchisor operates a business model of franchising these retail service centers primarily in the United States to independent operators, with limited co-branding options via SpeeDee for existing franchisees. The target market is vehicle owners seeking reliable, professional automotive repair and maintenance services.
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Franchise Costs
2-10% royalty + $5,000-$25,000/mo rent/taxes/insurance
Financial Performance
Item 19 Financial Performance
Data Based On: 856 franchisees that operated during the entire twelve month period in 2025.
* Calculated weighted average gross revenue from the four quartiles, assuming an equal number of 214 franchisees in each quartile (856 total franchisees / 4 quartiles). The average is (214 * $2,141,832 + 214 * $1,344,577 + 214 * $1,027,246 + 214 * $676,751) / (214 * 4) = $1,297,601.5
Extracted Item 19 Section
Avg. Revenue: $1,297,602
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How MIDAS SHOP Compares
Key Insights
- Higher investment than 91% of Business Services franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
MIDAS SHOP Current | $241K – $526K | $35K | 2.0% | 889 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| RE/MAX | $37K – $337K | $35K | 1.0% | 2,994 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
Business Services Average 197 franchises | $121K – $289K | $46K | 10.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 197 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+34 more states
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SBA Loan History
Historical SBA 7(a) loan data for MIDAS SHOP franchisees (2010 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
199 SBA loans on record
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Franchisee Contacts
816 franchisee contacts on file from official FDD filings.
816 Contacts Available
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Due Diligence
Litigation (Item 3)
One case involved a franchisee's claim of wrongful termination and related damages, which was settled with Midas paying for equipment and inventory. Another case was a state action against a franchisee for violations of consumer protection and environmental laws, where Midas agreed to a settlement involving customer restitution and oversight. The third case was a franchisee action in Canada claiming rescission of agreements and damages, which was resolved by Midas paying a settlement amount.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Frequently Asked Questions
The total initial investment to open a MIDAS SHOP franchise ranges from $241,050 to $526,050. This includes a franchise fee of $35,000. Ongoing royalty fees are 2.0% of gross sales.
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