Midas
Automotive · Auto Repair & Maintenance
- Active units
- 967
- Royalty
- 10.0%
Franchised, year-end 2023
of weekly Net Sales
About Midas
Midas is a well-known brand that offers a range of auto repair services. With their Midas Credit Card, they provide a convenient and reliable solution for all your automotive needs. Whether it's routine maintenance or major repairs, the Midas Credit Card is your go-to card. By applying online today, you can enjoy a variety of benefits, including free tire repair and tire rotation at participating Midas locations. Additionally, with purchases of $199 or more made using the Midas Credit Card, you can take advantage of zero interest if paid in full within 6 or 12 months. Cardholders also receive exclusive perks such as access to services on any vehicle of their choice. The Midas Credit Card offers 24/7 customer service support, fraud protection, and easy online account management. So if you're looking for a reliable auto repair solution, look no further than Midas and their Midas Credit Card. Apply now to start enjoying the benefits at participating Midas stores across the US.
Key terms
- Franchise fee
$35k
- Existing franchisee incentive
Initial franchise fee $10,000 for first additional Shop; $5,000 for each additional Shop signed simultaneously; open by June 30, 2026
- Conversion discount
New franchisee converting an existing independent automotive business pays $17,500
- Associate Franchise Discount
50% off initial franchise fee for qualifying five-year full-time employees; must acquire majority interest and manage full-time
- Automotive Leadership Discount
50% off initial franchise fee for qualifying 10+ year majority owner/senior manager of automotive repair facilities
- Footprint
5,000 – 7,400 sq ft
- Area Development Agreement
$40k
- Veteran discount
100.0% off franchise fee — Initial franchise fee waived for U.S. military veterans and first responders (first franchise; ownership must continue 2 years)
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2024, 2026.
Growth
- Total locations975
Franchised units open at year-end
- New openings9
Gross new units opened during the calendar year
- 1-year unit growth rate0.3%
Net unit growth versus prior year
- 3-year unit CAGR-4.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.5×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$1.2M
Item 19 cohort year 2025
- Annual unit volume (25th percentile)$890k
Represents Average Gross Revenues achieved during the 2025 calendar year by the 856 franchisees that operated during that entire twelve month period.
- Annual unit volume (75th percentile)$1.6M
Represents Average Gross Revenues achieved during the 2025 calendar year by the 856 franchisees that operated during that entire twelve month period.
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$663k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate10.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.8×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
Create your free Glidepath account to access full brand information.
Location footprint
Showing 773 of 988 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.