Midas Franchise Costs: Estimated Initial Investment (Item 7, 2025 FDD)
For a New (8-Bay) Midas Shop
1. Initial Franchise Fee, Minimum Site Payment, or Deposit: $10,000 to $35,000
- If an Application deposit is required, the deposit of $10,000 is applied towards the initial franchise fee or Minimum Site Payment, as applicable.
- All initial franchise fees are deemed fully earned once Midas receives them and are non-refundable, except that the $10,000 Application deposit may be refundable under limited circumstances where Midas rejects or terminates the Application, and a portion of the initial franchise fee paid may be refundable if you are unable to obtain Midas’ approval of a site.
2. Marketing Support Program or Other Grand Opening Advertising: $20,000 to $25,000
- If applicable, you will pay the Franchisee Commitment Funds as described in the “Marketing Support Program” section in Item 5 to Midas upon signing the Franchise Agreement or at the later date that your site is selected.
3. Travel and Living Expenses While Training: $1,000 to $7,800
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- The expenses estimated in this Item are for one person to attend training. The amount will vary depending on travel distance and mode of travel, lodging requirements, and other related personal costs.
4. Security Deposit, Licenses, and Permits: $0 to $50,000
- You may be required to pay a security deposit for the leased premises. Typically, a security deposit will be equal to the amount of one or two months’ rent and taxes, but this amount may vary depending upon negotiations with the landlord. Generally, the security deposit is refundable to the extent it is not applied.
- Various permits may be required and may include building inspection fees and occupational license fees.
- Utility companies may also require a deposit before the installation of utilities and telephones.
5. Rent and Real Estate Taxes (3 months): $15,000 to $75,000
- Common locations for Midas Shops are in retail and commercial areas. A Midas Shop (8-bay) generally has 5,000 to 7,400 square feet.
- Typically, you will enter into a third-party lease for the property of your Franchised Unit and negotiate your own payment terms. If Midas Realty or Midas Property owns or leases the property, Midas Realty or Midas Property will lease or sublease the Franchised Unit to you.
- Alternatively, you may acquire the land and construct the improvements yourself. The cost of purchasing acceptably located real estate is estimated to be between $600,000 and $1,200,000. The cost of constructing a typical Midas Shop is estimated to range between $1,200,000 and $2,000,000.
- These estimates assume that you will lease your premises. You may also be required to pay property taxes and other leasehold costs.
- Your rent and taxes will vary depending upon the location of the retail space, size and condition of the premises, local market conditions, and other factors. Where the rent is lower, remodeling the premises may require $50,000 to $250,000 in additional expense.
6. Equipment and Tools: $175,000 to $375,000
- The cost of this equipment may vary depending upon whether the equipment is purchased new, purchased used, or leased. The cost estimates shown here assume the equipment is purchased new.
- Midas does not finance any of these costs. However, it may assist you in locating financing opportunities from third-party vendors.
7. Shipping and Installation Costs – Equipment: $15,000 to $40,000
8. Computer, Hardware, and Telephone System: $10,000 to $30,000
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- You must purchase or lease furniture for your business office and customer lounge and fixtures as well as point-of-sale materials according to Midas’ specifications, as described in the Manual or other written communications. The amount in the tables includes shipping and installation.
10. Branding: $10,000 to $40,000
- You must purchase certain interior and exterior signs for the identification of your Franchised Unit according to Midas’ specifications, as described in the Manual or other written communications.
11. Shipping and Installation Costs – Signage: $5,000 to $25,000
12. Initial Inventory and Supplies: $25,000 to $100,000
- You must purchase initial inventory and supplies for the operation of the Franchised Unit, which Midas anticipates you will purchase only from third-party vendors.
13. R.O. Writer License and Training Fees: $0 to $10,500
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.14. R.O. Writer Software Maintenance Fee (3 months): $0 to $1,200
- The fees related to the R.O. Writer system are paid to Midas’ third-party supplier, CRI.
- This system is required to be used by new franchisees, and is recommended for other franchisees.
- Prices are as of the date of the current Disclosure Document, which CRI may increase or otherwise change periodically.
15. Smart eCat Epicor Parts & Labor Guide Subscription (3 months): $0 to $390
16. Insurance (3 months): $1,500 to $4,500
17. Legal and Accounting: $1,000 to $3,500
- This item is the estimated cost of basic legal and accounting services provided to you by legal and accounting firms and includes legal and administrative fees and costs for corporate or other business entity organization start-up.
18. Additional Funds (3 months): $40,150 to $67,000
- This entry estimates additional funds you may need for the first three months of operation, including payroll costs (but not including any draw or salary for you) and working capital for other expenses that could exceed receipts.
19. Miscellaneous: $3,000 to $5,000
- You may incur other expenses due to local requirements and/or to purchase additional items of equipment.
20. Total Estimated Initial Investment: $341,650 to $924,890
- This table does not include royalties. This total assumes that the real property and building for the Franchised Unit will be leased by you.
- These figures also do not include the cost of any investigation into or compliance with various Federal, state, or local environmental laws, statutes, regulations, or ordinances relating to the use, handling, treatment, storage, disposal, and recycling of oil, used oil, oil filters, and other substances which are designated to be hazardous.
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