Midas franchise
A franchisee operates a Midas Shop, a retail automotive service center that sells and installs exhaust, brake, suspension, steering, heating and cooling parts, tires and batteries, and performs related repair, alignment, diagnostic and scheduled maintenance services.
Owner-operator required Disclosed
- Source
- 2026 Franchise Disclosure Document — Midas International, LLC
- Document
- FDD 2026, issued 2026-04-16
- Item
- Item 15
- Page
- PDF p. 67
- Obtained
- Wisconsin Department of Financial Institutions — Franchise Registration Search, file 641034
you must personally participate and devote full time and effort in the direct on-premises management and operation of your Franchised Unit
Unless Midas agrees otherwise in writing, the franchisee must personally participate and devote full time and effort to on-premises management of the shop. An entity franchisee must name a Designated Owner who devotes full time and effort on site and who is required to hold an equity interest in the franchisee unless Midas agrees otherwise. Owners must meet Midas's qualifications and complete the Operations Training Program. A hired manager is not offered as an alternative in Item 15.
What stands out
- Item 7 estimate for a new 8-bay shop on a leased site: $385,450–$940,050; converting an existing repair facility: $143,400–$941,050. Buying real estate is excluded and estimated separately at $615,000–$1,250,000.
- $35,000 standard initial franchise fee plus a mandatory $20,000 grand-opening marketing contribution, both payable to Midas at signing. Veterans and qualifying first responders may have the franchise fee waived on a first franchise.
- Standard royalty of 10% of Net Revenue, reduced to 6% on tires, 2% on batteries and 0% on exempt sales. No separate ad-fund charge; Midas spends at least half of royalties received on marketing.
5 more observations
- Item 19 gives quartile averages only — $2,141,832, $1,344,577, $1,027,246 and $676,751 across 856 franchisees for 2025 — with no systemwide mean and no cost or profit data.
- Franchised shops fell from 975 to 889 during 2025 while the franchisor reacquired 111 outlets, taking company-owned shops from zero to 111.
- No exclusive territory. Midas and affiliated brands (Mavis, Tuffy, Express Oil Change/Tire Engineers) may operate close to a franchisee's shop.
- 20-year term with one 20-year renewal at a $5,000 fee; owner or Designated Owner must work full time on site; entity owners personally guarantee all debts to Midas and its real estate affiliates.
- The cover page carries a state-required risk factor about the franchisor's financial condition, and all disputes are resolved in Florida.
Things to verify
- Ask why 111 franchised shops were reacquired during 2025, where those shops stand now, and whether the franchisor intends to refranchise or operate them.
- Read the Item 21 financial statements carefully in light of the cover-page risk factor about the franchisor's financial condition.
- Item 19 gives no systemwide average: ask how many franchisees sit in each quartile, how quartiles were formed, and whether multi-shop franchisees are counted once or per shop.
5 more questions
- Confirm whether the $20,000 Marketing Support Program contribution and the fee and royalty incentive programs still apply, since they are tied to signing by June 30, 2026 and opening by June 30, 2027.
- If leasing from Midas Realty or Midas Property, get the specific rent, tax and five-year rent-reset terms in writing, and note that on termination future rent for the remainder of the term is owed.
- Verify current point-of-sale vendor pricing, whether IMDA membership is needed for the $329 rate, and the one-time licence, conversion and go-live costs.
- Ask Midas to reconcile the Co-Branding Shop Item 20 tables, where Table No. 1 shows two company-owned outlets in 2025 and Table No. 4 shows none.
- The initial investment excludes real estate purchase and construction; price a specific site before relying on the Item 7 range.
Economics: No calculator is offered because no annual average unit sales disclosed in Item 19. Model availability
Evidence confidence: High. This describes source support, not investment quality. AI-extracted and machine-verified where stated; no human line-by-line review. Source and review record.
Read the full research overview
A Midas franchisee operates an automotive service center that sells and installs exhaust, brake, suspension, steering, heating and cooling components, tires and batteries, and performs alignment, diagnostic and scheduled maintenance work. Midas International, LLC has franchised the concept since 1956 and sits under the Mavis Tire Express Services group, whose ultimate parent is Metis HoldCo, Inc. The franchise is site-specific and grants no exclusive territory, and the owner — or a Designated Owner holding an equity interest — must work full time on the premises.
Item 7 estimates $385,450 to $940,050 to open a new 8-bay shop on a leased site. That includes a $35,000 initial franchise fee and a $20,000 grand-opening marketing contribution, both paid to Midas at signing, and three months of additional funds; it excludes buying real estate. Converting an existing repair facility is estimated at $143,400 to $941,050. The standard royalty is 10% of Net Revenue, with reduced rates on tires (6%), batteries (2%) and cost-passthrough exempt sales (0%), and the Item 6 table shows an overall 2–10% range rising to 11% on the SpeeDee share of a Co-Branding Shop in certain markets. There is no separate advertising fund contribution; Midas commits to spending at least half of the royalties it receives on marketing, and reported $59.2 million of marketing spend for 2025. Point-of-sale software costs $329 or $399.99 a month, paid to a third-party vendor. No minimum liquidity or net worth requirement is disclosed in the reviewed source.
Item 19 is a gross-revenue representation with no cost or profit data and no systemwide average. Midas splits the 856 franchisees that operated for all of calendar 2025 into quartiles with average gross revenues of $2,141,832, $1,344,577, $1,027,246 and $676,751; the full reported range runs from $236,466 to $6,545,113. Average revenue per customer visit ranged from $254 to $542 by quartile. The number of franchisees in each quartile is not stated, so no single average unit volume can be read off the Item.
Item 20 shows franchised Midas Shops at 971 entering 2023 and 889 at the end of 2025. The change is concentrated in 2025: 33 openings against 3 terminations, 5 closures for other reasons and 111 outlets reacquired by the franchisor, which then held 111 company-owned shops where it previously held none. Transfers to new owners were 54, 59 and 43 across the three years. Midas projects 26 new franchised openings next fiscal year and reports 17 signed agreements with outlets not yet open. Item 3 lists three concluded matters and nothing pending; Item 4 discloses no bankruptcy. Two state-required risk factors appear on the cover: Florida-only dispute resolution, and a statement that the franchisor's financial condition calls into question its ability to provide services and support.
View ratings and their supporting evidence
Transparent ratings
How these are computedEach dimension is scored 1–5 from published formulas. Missing data yields “Not enough evidence to rate”, never a low score. There is no composite score by design.
How the system has performed, computed from the disclosed Items 7, 19 and 20. Figures a documented material source inconsistency puts in doubt are excluded, and the dimension shows “Not rated”.
Inputs
- Franchised outlets 971 → 889 (Item 20, Table 3)
- Thresholds: ≥15% → 5; 5–15% → 4; 0–5% → 3; −5–0% → 2; below −5% → 1
Inputs
- Attrition = (terminations + non-renewals + reacquisitions + ceased-other) ÷ start-of-year franchised units, averaged over 3 fiscal years
- Thresholds: <2% → 5; 2–4% → 4; 4–6% → 3; 6–10% → 2; >10% → 1
Inputs
- No annual average unit sales disclosed
How much this brand’s FDD discloses, and how well-supported our data on it is. This measures transparency, not business performance — a strong business that discloses little scores low here and stays unrated above.
Inputs
- Item 19 present (+1)
- Average plus median or a distribution (+1)
- Population 96% of franchised units, clearly described (+1)
Details
- Missing: Ad fund, Annual AUV
- Franchisor Track Record
- Franchising 70 years (since 1956) · 1,000 outlets · Item 3: 3 matter(s) disclosed · Item 4: none disclosed
- Multi-Unit Scalability
- Midas offered area development agreements to qualified candidates from 2014 until early 2025 and states it is not currently offering them. Item 12 confirms t… · Owner-operator required
- Operational Intensity
- Owner-operator required
Initial investment
FDD Items 5 and 7Format shown: New 8-bay Midas Shop on a leased site (real estate purchase excluded)
$385,450–$940,050 total initial investment. Excludes real estate purchase. Includes 3 months of additional funds.
View full investment breakdown — Items 5 & 7
| Initial franchise fee (the named Item 5 fee only) | $35,000 Disclosed
Standard fee for a new single Shop, inclusive of the $10,000 Application Deposit that is credited toward it. Reduced fees for conversions ($17,500), existing-franchisee incentives ($10,000/$5,000), veterans/first responders (waived), and half-fee non-renewal transfers ($17,500) are discounts, not the standard low end. |
|---|---|
| Other required initial payments to the franchisor (Item 5) |
|
| Total Item 5 payments to franchisor/affiliates | $55,000 Derived
|
| Total initial investment — low | $385,450 Disclosed
Line items foot exactly to this total. |
| Total initial investment — high | $940,050 Disclosed
Line items foot exactly to this total. |
| Midpoint of range | $662,750 Derived
|
| Real estate purchase included? | No — assumes a leased site |
| Additional funds assumed | 3 months |
| Required liquid capital | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. No minimum liquid capital requirement appears on the cover page or in Items 1, 5, 7, 11 or 15 of the reviewed document. |
| Required net worth | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. No minimum net worth requirement for franchisee candidates appears in the reviewed document. The only net-worth reference is a Michigan-law escrow notice on the cover pages concerning the franchisor's own net worth. |
The headline range is Item 7's first table, for a new 8-bay Midas Shop of roughly 5,000 to 7,400 square feet on a leased site. The total excludes royalties and assumes the land and building are leased. Item 7 Note E states separately that buying suitable real estate is estimated at $615,000 to $1,250,000 and constructing a typical shop at $1,250,000 to $2,050,000; where rent is lower, remodeling may add $52,000 to $260,000. Additional funds cover the first three months of operation. Of the total, the cover page states $55,000 to $130,000 must be paid to Midas or its affiliates.
Item 7 line items (19)
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee, Minimum Site Payment, or Deposit — Paid to Midas at execution of the Franchise Agreement. | $35,000 | $35,000 |
| Marketing Support Program or Other Grand Opening Advertising — Paid to Midas at signing or at site approval; Midas adds $10,000 of its own funds. | $20,000 | $20,000 |
| Travel & Living Expenses while Training — Estimated for one person; there is no charge for the training itself. | $1,050 | $8,000 |
| Security Deposit, Licenses & Permits | $10,000 | $50,000 |
| Rent and Real Estate Taxes (3 months) — Assumes a leased site; may be payable to Midas Realty or Midas Property. | $15,000 | $75,000 |
| Equipment & Tools — Assumes new equipment; used equipment is permitted. | $180,000 | $385,000 |
| Shipping and Installation Costs — Equipment | $15,500 | $41,000 |
| Computer, Hardware & Telephone System | $10,300 | $30,800 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $10,300 | $30,800 |
| Branding — Interior and exterior signage. | $10,300 | $41,000 |
| Shipping and Installation Costs — Signage | $5,100 | $25,700 |
| Initial Inventory & Supplies | $25,700 | $103,000 |
| Point-Of-Sale System License and Training Fees — Paid to the third-party point-of-sale vendor. | $0 | $10,800 |
| Point-of-Sale System Software Maintenance Fee (3 months) | $0 | $1,250 |
| Parts & Labor Guide Subscription (3 months) | $0 | $400 |
| Insurance (3 months) | $1,550 | $4,600 |
| Legal & Accounting | $1,050 | $3,600 |
| Additional Funds (3 months) — Payroll and working capital; excludes any draw or salary for the owner. | $41,500 | $69,000 |
| Miscellaneous | $3,100 | $5,100 |
Source for every row: the Item 7 estimated-initial-investment table of 2026 Franchise Disclosure Document — Midas International, LLC (table begins PDF p. 30) — rows inherit the table's citation rather than carrying fifteen identical ones.
Other formats disclosed in Item 7 (2)
| Format | Low | High | Fee |
|---|---|---|---|
| Conversion of an operating or previously operated automotive repair facility to a Midas Shop | $143,400 | $941,050 | $35,000 |
| Midas/SpeeDee Co-Branding Shop (offered only to existing Co-Branding franchisees and their transferees) | $170,150 | $1,365,750 | $35,000 |
Ongoing fees
FDD Item 6Royalty
10%–11% of net sales Disclosed
- Source
- 2026 Franchise Disclosure Document — Midas International, LLC
- Document
- FDD 2026, issued 2026-04-16
- Item
- Item 6 — Item 6 table — Royalty row and Note A
- Page
- PDF p. 20
- Obtained
- Wisconsin Department of Financial Institutions — Franchise Registration Search, file 641034
2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise
The standard rate under the Franchise Agreement is 10% of Net Revenue, defined as all revenue from the shop excluding sales, use and gross receipts taxes. Reduced rates apply by product: 6% on tires and certain tire-related products and services, 2% on batteries, and 0% on 'exempt sales' (third-party towing, third-party rental car services, state inspection stickers) charged at cost. Under the optional Fleet Amendment the effective rate on qualifying fleet sales is 4% (national) or 7% (local), delivered as a credit. For a Co-Branding Shop the rate on the SpeeDee portion of revenue rises to 11% in listed SpeeDee markets. New franchisees receive a 60% royalty reduction in year one and 40% in year two (not applicable to tires or batteries).
Brand advertising fund
Not disclosed in the reviewed source Not disclosed
Not disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures.
No separate advertising fund contribution is charged. The Item 6 'Marketing / Advertising' row states no amount and refers to Note A, which says Midas will spend at least one-half of the royalties it actually receives on marketing and promotion each calendar year (at least one-third of the tire royalty, with another third funding the tire guarantee program). Item 11 reports Midas spent $59.2 million on marketing in the year ended December 31, 2025, allocated 72.3% to media, 8.3% to production, 19.2% to administrative expenses and 0.2% to other. Recorded as not_disclosed because there is no separate franchisee contribution rate to record.
Local marketing
Not disclosed in the reviewed source Not disclosed
Not disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures.
No minimum required local advertising spend is stated. Item 11 says franchisees may advertise for their own shop at their own expense, with no credit against royalties, subject to Midas approval of materials. A one-time $20,000 grand-opening marketing commitment applies at opening and is recorded in Item 7.
Core requirements shown separately; caps, credits and conditions may overlap. Check the full schedule for technology, cooperative, transfer and other charges.
View all recurring fees and conditions
| Royalty | 10%–11% of net sales Disclosed
The standard rate under the Franchise Agreement is 10% of Net Revenue, defined as all revenue from the shop excluding sales, use and gross receipts taxes. Reduced rates apply by product: 6% on tires and certain tire-related products and services, 2% on batteries, and 0% on 'exempt sales' (third-party towing, third-party rental car services, state inspection stickers) charged at cost. Under the optional Fleet Amendment the effective rate on qualifying fleet sales is 4% (national) or 7% (local), delivered as a credit. For a Co-Branding Shop the rate on the SpeeDee portion of revenue rises to 11% in listed SpeeDee markets. New franchisees receive a 60% royalty reduction in year one and 40% in year two (not applicable to tires or batteries). The standard rate under the Franchise Agreement is 10% of Net Revenue, defined as all revenue from the shop excluding sales, use and gross receipts taxes. Reduced rates apply by product: 6% on tires and certain tire-related products and services, 2% on batteries, and 0% on 'exempt sales' (third-party towing, third-party rental car services, state inspection stickers) charged at cost. Under the optional Fleet Amendment the effective rate on qualifying fleet sales is 4% (national) or 7% (local), delivered as a credit. For a Co-Branding Shop the rate on the SpeeDee portion of revenue rises to 11% in listed SpeeDee markets. New franchisees receive a 60% royalty reduction in year one and 40% in year two (not applicable to tires or batteries). |
|---|---|
| Advertising / brand fund | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. No separate advertising fund contribution is charged. The Item 6 'Marketing / Advertising' row states no amount and refers to Note A, which says Midas will spend at least one-half of the royalties it actually receives on marketing and promotion each calendar year (at least one-third of the tire royalty, with another third funding the tire guarantee program). Item 11 reports Midas spent $59.2 million on marketing in the year ended December 31, 2025, allocated 72.3% to media, 8.3% to production, 19.2% to administrative expenses and 0.2% to other. Recorded as not_disclosed because there is no separate franchisee contribution rate to record. |
| Required local marketing | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. No minimum required local advertising spend is stated. Item 11 says franchisees may advertise for their own shop at their own expense, with no credit against royalties, subject to Midas approval of materials. A one-time $20,000 grand-opening marketing commitment applies at opening and is recorded in Item 7. |
| Technology / software | $329–$400/month Disclosed
Point-of-sale software maintenance is mandatory for franchisees using the required system and is paid directly to the third-party vendor, not to Midas: $329 per month ($3,948 per year) for members of the International Midas Dealers Association, or $399.99 per month ($4,799.88 per year) for non-members. Non-IMDA shops pay a further $129.99 per month for the required Parts & Labor Guide, which is bundled for IMDA members. Set-up costs are separate: a one-time $500 licence fee per location, a $750 data conversion fee for converting shops, and roughly $6,000 to $10,000 for initial training and go-live support. Vendor prices are subject to change. Point-of-sale software maintenance is mandatory for franchisees using the required system and is paid directly to the third-party vendor, not to Midas: $329 per month ($3,948 per year) for members of the International Midas Dealers Association, or $399.99 per month ($4,799.88 per year) for non-members. Non-IMDA shops pay a further $129.99 per month for the required Parts & Labor Guide, which is bundled for IMDA members. Set-up costs are separate: a one-time $500 licence fee per location, a $750 data conversion fee for converting shops, and roughly $6,000 to $10,000 for initial training and go-live support. Vendor prices are subject to change. |
| Advertising cooperative | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. Item 11 states franchisees are not required to participate in local or regional advertising cooperatives, so there is no cooperative contribution to record. Item 8 adds that there are currently no purchasing or distribution cooperatives. |
| Transfer fee | $5,250 one-time Disclosed
For Franchise Agreements dated April 1, 2010 or later the fee is the greater of $5,000 or 15% of the initial franchise fee charged to new franchisees who own no other Midas Shops; at the current $35,000 fee that is $5,250, the figure Midas uses in its own Note D example. Older agreements pay 0.5% of the sale price excluding real estate. Additional shops transferred at a simultaneous closing are capped at $1,250 each. Under the transfer incentive the fee can be $5,000 for a shop with annual Net Revenues of $800,000 or less. No charge for a transfer to an entity the franchisee owns or controls. A new franchisee buying a first shop also pays a New Franchisee Support Fee equal to the initial franchise fee less the transfer fee paid. For Franchise Agreements dated April 1, 2010 or later the fee is the greater of $5,000 or 15% of the initial franchise fee charged to new franchisees who own no other Midas Shops; at the current $35,000 fee that is $5,250, the figure Midas uses in its own Note D example. Older agreements pay 0.5% of the sale price excluding real estate. Additional shops transferred at a simultaneous closing are capped at $1,250 each. Under the transfer incentive the fee can be $5,000 for a shop with annual Net Revenues of $800,000 or less. No charge for a transfer to an entity the franchisee owns or controls. A new franchisee buying a first shop also pays a New Franchisee Support Fee equal to the initial franchise fee less the transfer fee paid. |
| Renewal fee | $5,000–$17,500 one-time Disclosed
Defined as one-half of the initial franchise fee charged to franchisees who already own one or more Midas Shops at the time of renewal; the current amount is $5,000. Midas reserves the right to raise it to a maximum of $17,500. Payable in two annual instalments or twelve monthly instalments. Renewal may also require shop renovation or relocation at the franchisee's expense. Defined as one-half of the initial franchise fee charged to franchisees who already own one or more Midas Shops at the time of renewal; the current amount is $5,000. Midas reserves the right to raise it to a maximum of $17,500. Payable in two annual instalments or twelve monthly instalments. Renewal may also require shop renovation or relocation at the franchisee's expense. |
| Royalty + ad fund (% of sales) | Not comparable — royalty 10%; the other fee is not a percent of sales Not disclosedNot disclosed in the reviewed source. We did not find this value in 2026 Franchise Disclosure Document — Midas International, LLC; we do not fill gaps with estimates or third-party figures. |
Fee schedule (24 fees; 17 verified against the source, 7 single-pass)
Every recurring, conditional and one-time fee found in this FDD's Item 6 table (plus mandatory recurring costs disclosed in Items 7/11), each cited to its page and carrying its verification status: verified means two independent readings agreed or a tie-break re-inspection of the page decided it; single-pass means one reading captured it and it has not been independently confirmed (permitted only for fees that cannot move modeled economics — see the materiality rule). Amounts marked “not stated” are charged at then-current rates the FDD does not quantify and are never modeled as $0.
| Fee | Amount | Frequency | Mandatory | Verification | Cite | Notes |
|---|---|---|---|---|---|---|
| Royalty | Tiered (base 10%) | monthly | Yes | verified (2-pass) | Item 6, p. 20 | New/Existing Franchisee incentives give 40-80% royalty reductions in months 1-24 or 1-36 (not on tire/battery sales); Sales/Volume Growth rebate of 0.15-0.40% of Net Revenue at $1.5M+ annual Net Revenue. Payable via ACH on the 10th of each month for the prior month. |
| Marketing / Advertising | $0 | varies | No | verified (tie-break) | Item 6, p. 20 | Franchisor-directed spend funded out of royalties already collected; the franchisee has no separate advertising-fund payment obligation. The Item 6 Amount column carries no figure, only a cross-reference to Note A. Item 11 reports $59.2 million of FY2025 marketing spend. |
| Warranty Registration Fee | Tiered (base 1.04%) | per event | Yes | verified (tie-break) | Item 6, p. 21 | Assessed to the Shop's trade account each time a Midas lifetime muffler, brake shoe, brake pad, shock or strut is installed and the corresponding warranty is registered with Midas. Four distinct per-part rates, so amount_type is tiered (Pass A) rather than fixed (Pass B); value/range_high span the printed $1.04-$4.80 rates. Cents kept because the fee is denominated in single dollars. |
| Midas Limited Lifetime Tire Guarantee Fees | $2 | per event | Yes | verified (2-pass) | Item 6, p. 20 | Applies to all qualifying tires sold by a Midas Shop; participation in the guarantee program is required. Listed in Item 6 for transparency though borne by the franchisor, not the franchisee. |
| Rent, Taxes & Insurance | $5,000–$20,000 | monthly | No | verified (tie-break) | Item 6, p. 21 | Only if the premises are leased or subleased from Midas Realty or Midas Property; typically the franchisee signs its own third-party lease. Fixed minimum rent increases yearly and may be reset to fair market value every five years. Item 5 (p.19) states rent and taxes typically range $5,000-$25,000 per month, a slightly wider range than this Item 6 row. |
| Transfer Fee | $5,000 | one time | Conditional | single-pass | Item 6, p. 20 | Payable by transferee when a Franchise Agreement or controlling interest is transferred; no charge if transferred to an entity the franchisee owns/controls; reduced to $5,000 flat under the transfer incentive program (shops with Net Revenue <= $800,000). [Listed by one verification pass only (A); not independently confirmed.] |
| New Franchisee Support Fee (on Transfer) | Not stated | one time | Conditional | single-pass | Item 6, p. 20 | Only applies when the transferee is a new (first-time) Midas franchisee; refunded if transfer is not approved. [Listed by one verification pass only (A); not independently confirmed.] |
| Resale Assistance Fee | Not stated | one time | No | single-pass | Item 6, p. 20 | Only charged if Midas or its employees/agents identify the transferee or otherwise facilitate the sale. [Listed by one verification pass only (A); not independently confirmed.] |
| Relocation Fee | $1,000 | one time | No | single-pass | Item 6, p. 20 | Payable upon notice of intent to relocate, to compensate Midas for reviewing the new site; waived if subleasing from Midas/affiliate and the head lease expired. [Listed by one verification pass only (A); not independently confirmed.] |
| Renewal Fee | $5,000–$17,500 | one time | Conditional | single-pass | Item 6, p. 20 | Paid at renewal (every 20-year term), in 2 installments or up to 12 monthly payments; may be required alongside remodeling/relocation costs. [Listed by one verification pass only (A); not independently confirmed.] |
| Audit Fee | Not stated | per event | No | verified (2-pass) | Item 6, p. 20 | Only if an audit shows understatement of Net Revenue by more than 5% over any consecutive 12-month period, or the franchisee obstructs/fails to cooperate with the audit. Contingent penalty fee, not a baseline recurring operating cost. |
| Interest Charge on Late Royalty Payments | 18% of other | varies | No | verified (tie-break) | Item 6, p. 24 | Assessed on past due obligations beginning the 10th day after the applicable due date, or beginning on the due date if not paid within 30 days; due 30 days after billing. |
| Late Charge on Electronic Submission of Monthly Sales Report | $20 | monthly | No | verified (2-pass) | Item 6, p. 20 | Charged only when the monthly sales report submission is late. |
| Fee for Manually Completing Monthly Sales Report | $100–$500 | per event | No | verified (2-pass) | Item 6, p. 20 | Only charged if Midas must manually calculate/create the monthly Net Revenue statement for the franchisee. |
| Promotional Material and Supplies | Not stated | varies | No | verified (2-pass) | Item 6, p. 20 | Only if the franchisee elects to purchase promotional materials/supplies from Midas. |
| Costs and Attorneys' Fees | Not stated | per event | No | verified (tie-break) | Item 6, p. 24 | Payable upon failure to comply with the Franchise Agreement or other situations. |
| Fleet Program Processing Fee | $1 | varies | No | verified (tie-break) | Item 6, p. 24 | Only if the franchisee signs the optional Fleet Amendment (Exhibit D-6) and processes Qualifying Fleet Customer transactions. Paid to Midas, which passes it on to the third party vendor. |
| E-mail Account | $0–$100 | monthly | Yes | verified (tie-break) | Item 6, p. 24 | Midas currently provides the franchisee and the Shop with an e-mail account at no charge but may impose a fee for this service in the future. |
| Liquidated Damages | $300 | varies | No | verified (tie-break) | Item 6, p. 24 | Payable during any period the franchisee is in breach of non-monetary provisions of the Franchise Agreement; billed as incurred. |
| Indemnification | Not stated | varies | Conditional | single-pass | Item 6, p. 20 | Reimbursement obligation for loss/damage/claims arising from the franchisee's operation of the Shop. [Listed by one verification pass only (A); not independently confirmed.] |
| Insurance (franchisor-obtained replacement coverage) | Not stated | varies | No | single-pass | Item 6, p. 20 | Only if the franchisee fails to obtain/maintain the insurance coverage Item 8 requires. [Listed by one verification pass only (A); not independently confirmed.] |
| Point-of-Sale Software Maintenance Fee | Tiered (base $329) | monthly | Yes | verified (tie-break) | Item 11, p. 54 | Required for new franchisees (recommended for others); any franchisee using the point-of-sale software must subscribe to vendor maintenance. Paid to the third party supplier; vendor prices subject to change. Not an Item 6 row; disclosed in Items 7, 8 and 11. Item 7 carries it as $0-$1,250 for 3 months. |
| Parts & Labor Guide Subscription (non-IMDA surcharge) | $130 | monthly | No | verified (tie-break) | Item 11, p. 54 | Access to the Parts & Labor Guide is required; the separate charge applies only if the Shop is not an IMDA member. Item 7 carries it as $0-$400 for 3 months, consistent with the charge applying only to non-IMDA Shops. |
| Marketing Support Program - Franchisee Commitment Funds | $20,000 | one time | Yes | verified (2-pass) | Item 5, p. 16 | Required of all franchisees signing a Franchise Agreement for a new/additional/reopened/converted Shop; paid at signing (or site approval). Also appears as an Item 7 initial-investment line item (page 28) captioned 'Marketing Support Program or Other Grand Opening Advertising'. |
Item 6 says all listed fees are payable to Midas or its affiliates Midas Realty and Midas Property unless noted, are non-refundable unless stated, and are currently uniform across franchisees receiving this offer. Fees not itemised above include audit costs where an audit shows an understatement of more than 5% of Net Revenue, promotional materials at supplier cost plus up to a 10% markup, and indemnification and attorneys' fees. A Sales/Volume Growth Royalty Incentive rebates 0.15% to 0.40% of Net Revenue as a trade-account credit for shops above $1.5 million in annual Net Revenue that meet image and customer-satisfaction criteria; it is a two-year pilot.
Financial performance (Item 19)
What the franchisor actually disclosedWho is represented: The 856 franchisees that operated for the entire twelve months of calendar year 2025, out of 889 reported at December 31, 2025. Franchisees that did not operate for the whole period are excluded, as are the 111 outlets the franchisor reacquired during 2025 and any company-owned shops. The FDD reports the figures by quartile of the 856 and does not give a systemwide average, a total, or the number of units in each quartile. The revenue tables are labelled by franchisee rather than by shop, and Midas does not state whether multi-unit franchisees are counted once or per shop.
Qualifications: The representation is gross revenue only. No costs, margins, EBITDA or net income are disclosed, so nothing here indicates what a shop earns. Figures cover the 856 franchisees that operated for all of 2025 and exclude the 33 remaining franchisees counted at year end, any partial-year operators, and the 111 shops reacquired by the franchisor during 2025. Midas reports results in quartiles and never states a systemwide average or the number of franchisees in each quartile; the implied quartile size of 214 (856 divided by four) does not reconcile cleanly with every '% that met or exceeded the average' figure in the table. The spread is wide: the lowest reported figure is $236,466 and the highest $6,545,113. Midas states the data is not audited-verified but that written substantiation is available on request, and warns that individual results may differ. The tables count franchisees, not shops, and Midas does not explain how multi-shop franchisees are treated.
View full Item 19 disclosure and tables
Item 19 is a historical gross-revenue representation with no cost or profit data. Instead of one average, Midas divides the 856 franchisees that operated for all of calendar 2025 into four quartiles and reports each quartile's average, median, high and low. Quartile averages run $2,141,832, $1,344,577, $1,027,246 and $676,751; the full reported range is $236,466 to $6,545,113. A second table gives average revenue per customer visit by quartile, from $254 to $542, and a third reports Google star ratings for the top and bottom 10% of franchisees. Because no systemwide mean or median is given and quartile sizes are not stated, a single average unit volume cannot be read off this Item without assumptions the document does not support. Nothing in Item 19 addresses rent, payroll, parts cost, royalties or any other expense.
| Metric | Subset | Value | Units | Period | Cite |
|---|---|---|---|---|---|
| Average gross revenue — top quartile of franchisees operating all of CY2025 39% of units met or exceeded 85 franchisees in this quartile were at or above the quartile average. The number of franchisees in each quartile is not stated. | Top 1/4 Quartile avg. | $2,141,832 | n/s | CY2025 | FDD p.76 |
| Median gross revenue — top quartile | Top 1/4 Quartile median | $1,732,617 | n/s | CY2025 | FDD p.76 |
| Highest gross revenue — top quartile (highest in the reported population) | Top 1/4 High | $6,545,113 | n/s | CY2025 | FDD p.76 |
| Lowest gross revenue — top quartile | Top 1/4 Low | $1,553,826 | n/s | CY2025 | FDD p.76 |
| Average gross revenue — top-middle quartile 49% of units met or exceeded 105 franchisees in this quartile were at or above the quartile average. | Top-Middle 1/4 Quartile avg. | $1,344,577 | n/s | CY2025 | FDD p.76 |
| Median gross revenue — top-middle quartile Quartile range: $1,185,623 low to $1,550,742 high. | Top-Middle 1/4 Quartile median | $1,337,678 | n/s | CY2025 | FDD p.76 |
| Average gross revenue — bottom-middle quartile 54% of units met or exceeded 116 franchisees in this quartile were at or above the quartile average. | Bottom-Middle 1/4 Quartile avg. | $1,027,246 | n/s | CY2025 | FDD p.76 |
| Median gross revenue — bottom-middle quartile Quartile range: $889,983 low to $1,183,821 high. | Bottom-Middle 1/4 Quartile median | $1,028,955 | n/s | CY2025 | FDD p.76 |
| Average gross revenue — bottom quartile 64% of units met or exceeded 139 franchisees in this quartile were at or above the quartile average. | Bottom 1/4 Quartile avg. | $676,751 | n/s | CY2025 | FDD p.76 |
| Median gross revenue — bottom quartile | Bottom 1/4 Quartile median | $699,267 | n/s | CY2025 | FDD p.76 |
| Highest gross revenue — bottom quartile | Bottom 1/4 High | $887,502 | n/s | CY2025 | FDD p.76 |
| Lowest gross revenue — bottom quartile (lowest in the reported population) | Bottom 1/4 Low | $236,466 | n/s | CY2025 | FDD p.76 |
| Average revenue invoiced per customer visit — top quartile 32% of units met or exceeded Same 856-franchisee population. Median $517, high $853, low $438; 73 at or above the average. | Top 1/4 Quartile avg. | $542 | n/s | CY2025 | FDD p.76 |
| Average revenue invoiced per customer visit — top-middle quartile 18% of units met or exceeded Median $392, high $437, low $362; 40 at or above the average. | Top-Middle 1/4 Quartile avg. | $390 | n/s | CY2025 | FDD p.76 |
| Average revenue invoiced per customer visit — bottom-middle quartile 35% of units met or exceeded Median $329, high $361, low $300; 79 at or above the average. | Bottom-Middle 1/4 Quartile avg. | $330 | n/s | CY2025 | FDD p.76 |
| Average revenue invoiced per customer visit — bottom quartile 80% of units met or exceeded Median $265, high $300, low $137; 179 at or above the average. | Bottom 1/4 Quartile avg. | $254 | n/s | CY2025 | FDD p.76 |
| Google rating — top 10% of franchisees operating all of CY2025 42% of units met or exceeded Average star rating out of 5. Median 5.0, high 5.0, low 4.9; 38 at or above the average. Group size not stated. | Top 10% Other | 5 | n/s | CY2025 | FDD p.76 |
| Google rating — bottom 10% of franchisees operating all of CY2025 62% of units met or exceeded Average star rating out of 5. Median 4.0, high 4.2, low 1.7; 56 at or above the average. Group size not stated. | Bottom 10% Other | 3.8 | n/s | CY2025 | FDD p.76 |
System health (Item 20)
Outlets, openings, exits and transfers by fiscal year · U.S. onlyView detailed Item 20 tables and source notes
| Fiscal year | Start | Opened | Terminated | Not renewed | Reacquired | Ceased — other | End | Transfers | Company-owned (end) |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 971 | 15 | 12 | 0 | 0 | 2 | 972 | 54 | 0 |
| 2024 | 972 | 9 | 6 | 0 | 0 | 0 | 975 | 59 | 0 |
| 2025 | 975 | 33 | 3 | 0 | 111 | 5 | 889 | 43 | 111 |
Disclosed 2026 Franchise Disclosure Document — Midas International, LLC, Item 20, Tables 1–3 (PDF p. 77). All Midas Shop tables are U.S. state-level and foot exactly for each of the three years. The dominant event is 2025: 111 franchised outlets were reacquired by the franchisor — Ohio 66, New York 16, Pennsylvania 14, Georgia 7, Michigan 5, Kentucky 3 — taking company-owned shops from zero to 111 and franchised shops from 975 to 889 despite 33 openings. The fiscal year end changed from March 31 to December 31 in June 2025 and the 2023 and 2024 counts were restated onto a December 31 basis. Separate Item 20 tables cover Midas/SpeeDee Co-Branding Shops (54 franchised at each of the 2024 and 2025 year ends, 3 transfers in 2025, none projected to open); they are excluded above and are internally inconsistent — Table No. 1 shows company-owned Co-Branding outlets rising from 0 to 2 in 2025 while its own Total Outlets row stays at 54, and Table No. 4 reports none.
Source data notes (9) — inconsistencies found in the FDD itself during verification
Our verification re-reads every table. Where the FDD's own printed tables disagree, we document the discrepancy rather than silently "fixing" it. Classes: B = arithmetic error in the source's derived column; C = the printed tables genuinely disagree; D = a legitimate definitional difference (e.g., transfers netted, explained by a footnote); E = unresolved ambiguity. Figures a material C/E issue puts in doubt are excluded from our derived metrics, scores and rankings.
- [D/minor] Table 1 / Table 3 / Table 4 2025: 111 Midas franchised outlets became company-owned in 2025 (Table 3 'Reacquired By Franchisor' Totals = 111, p.85; Table 4 Total 'Outlets Reacquired From Franchisee' = 111, p.86; Table 1 company-owned 0 -> 111, p.77). Table 3 foots in all three years: 975 + 33 - 3 - 0 - 111 - 5 = 889. — No error. A genuine one-time bulk reacquisition concentrated in Ohio (66), New York (16), Pennsylvania (14), Georgia (7), Michigan (5) and Kentucky (3); every table reconciles. Franchised end 889 is corroborated by Item 1 (p.9) and Table 1.
- [C/minor] Item 1 vs Table 1 / Table 4 2025: Item 1 (p.9) states 'Midas does not currently operate any Midas Shops of the type being franchised under our Franchise Agreement', while Table 1 (p.77) and Table 4 (p.86) show 111 company-owned Midas Shops at 12/31/2025. — Genuine source contradiction. Item 1: 'Midas does not currently operate any Midas Shops of the type being franchised under our Franchise Agreement'; Table 1: 'Company-Owned 2025 ... 0 ... 111 ... +111'. The Item 20 figure is triple-corroborated (Table 1 = Table 3 reacquisitions = Table 4 total = 111) and the franchised total 889 is corroborated by Item 1's own 889 figure, so the TOTAL rows the site uses are not in doubt; the Item 1 sentence is the stale/incorrect statement.
- [C/minor] Co-Branding Table 1 2025: Co-Branding Table 1 (p.87) does not foot for 2025: Franchised end 54 plus Company-Owned end 2 should give a Total Outlets end of 56, but the printed Total Outlets row shows start 54 / end 54 / net change 0. — The printed TOTAL of 54 is right and the Company-Owned '2' is the erroneous cell. Co-Branding Table 1: 'Company-Owned 2025 0 2 +2'; Co-Branding Table 4 (p.90) shows 0 in every column for every year with footnote (1) 'Neither Midas nor SpeeDee operates any company-owned Co-Branding Shops.' Co-Branding Table 3 (p.89) also shows 0 outlets reacquired by the franchisor in 2025 and a franchised end of 54, and Table 5 (p.90) projects 0 company-owned openings. Three tables say zero company-owned; only the Table 1 row says two.
- [D/minor] Table 1 / Item 1: Table 1 is captioned 'MIDAS SYSTEMWIDE OUTLET SUMMARY' but counts only U.S. outlets (franchised end 889 matches Item 1's explicit U.S.-only figure). Item 1 (p.9) separately discloses 1,031 Midas Shops located internationally, including Canada, none of which appear in any Item 20 table. Item 20's split is Midas Shops vs Midas/SpeeDee Co-Branding Shops, not U.S. vs international. — Legitimate table-definition difference: FTC Item 20 tables cover U.S. outlets only, so the 'Systemwide' caption is conventional rather than an error. Unit counts on the site must be labelled U.S.-only; the 1,031 international shops are outside Item 20's scope.
- [D/minor] Table 2 2025: Table 2 footnote (2) (p.80) states that for certain outlets listed as transfers in 2025 the franchisee operates other outlets, so those franchisees did not leave the system and are not listed on Exhibit A-2. — Explained by the footnote: transfers count outlet-level ownership changes, not franchisee exits, so the 43 transfers reported for 2025 (totals 54 / 59 / 43 for 2023-2025) overstate owner turnover. The printed totals themselves are unaffected.
- [D/minor] Table 3 2025: Table 3 footnote (2) (p.85) states that for certain outlets listed as terminating in 2025 the franchisee operates other outlets and remains in the system on Exhibit A-1. — Explained by the footnote; the 3 terminations in 2025 are outlet-level, not franchisee exits. Table 3 still foots (975 + 33 - 3 - 0 - 111 - 5 = 889), so the totals are unaffected; only the interpretation of attrition as owner churn changes.
- [E/minor] Table 3: Table 3 records 0 non-renewals in all three years despite a 20-year franchise term and a system granting franchises since 1956; Item 5 and Item 6 both describe renewal and non-renewal scenarios (including a $17,500 fee where Midas declines to renew). — Unresolved. No footnote explains the zero, and the document does not say whether expiring franchises are being recorded as terminations, transfers or reacquisitions instead. The zero does not disturb the footing of the totals (Table 3 foots in all three years), so the site's unit and growth figures stand, but the non-renewal series should not be presented as a meaningful attrition signal.
- [D/minor] All tables: Footnote (1) on every Item 20 table states the fiscal year end changed in 2025 from March 31 to December 31 and that the 2023 and 2024 outlet and transfer counts were restated onto a December 31 basis. — Legitimate definition change disclosed in a footnote; all three years in this FDD are on a consistent December 31 basis, so within-document comparisons are valid. Year-over-year comparisons against prior-year Midas FDDs (March 31 basis) will not carry forward cleanly and should not be mixed.
- [D/minor] Tables 1-5 (Midas Shops): Verification of the Midas Shop tables: Table 1 franchised ends (972 / 975 / 889) equal Table 3 Totals row ends for 2023 / 2024 / 2025; Table 3 rows foot in all three years; Table 2 state rows sum to the printed totals 54 / 59 / 43; Table 5 sums to 17 signed-not-open and 26 projected franchised openings. — No discrepancy found. The TOTAL rows the site uses are internally corroborated across Tables 1, 2, 3, 4 and 5 and against Item 1.
Company-owned outlets (Table 4)
| Year | Start | Opened | Reacquired from franchisee | Closed | Sold to franchisee | End |
|---|---|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 111 | 0 | 0 | 111 |
Read: How to read Item 20.
Ownership and operations
Items 11, 12, 15, 17Owner-operator required Disclosed
- Source
- 2026 Franchise Disclosure Document — Midas International, LLC
- Document
- FDD 2026, issued 2026-04-16
- Item
- Item 15
- Page
- PDF p. 67
- Obtained
- Wisconsin Department of Financial Institutions — Franchise Registration Search, file 641034
you must personally participate and devote full time and effort in the direct on-premises management and operation of your Franchised Unit
Unless Midas agrees otherwise in writing, the franchisee must personally participate and devote full time and effort to on-premises management of the shop. An entity franchisee must name a Designated Owner who devotes full time and effort on site and who is required to hold an equity interest in the franchisee unless Midas agrees otherwise. Owners must meet Midas's qualifications and complete the Operations Training Program. A hired manager is not offered as an alternative in Item 15.
View operating requirements, territory and contract term
| Owner involvement (Item 15) | Owner-operator required Disclosed
Unless Midas agrees otherwise in writing, the franchisee must personally participate and devote full time and effort to on-premises management of the shop. An entity franchisee must name a Designated Owner who devotes full time and effort on site and who is required to hold an equity interest in the franchisee unless Midas agrees otherwise. Owners must meet Midas's qualifications and complete the Operations Training Program. A hired manager is not offered as an alternative in Item 15. Unless Midas agrees otherwise in writing, the franchisee must personally participate and devote full time and effort to on-premises management of the shop. An entity franchisee must name a Designated Owner who devotes full time and effort on site and who is required to hold an equity interest in the franchisee unless Midas agrees otherwise. Owners must meet Midas's qualifications and complete the Operations Training Program. A hired manager is not offered as an alternative in Item 15. |
|---|---|
| Initial training | The Operations Training Program has three parts and must be completed before the shop opens by the franchisee (or the Designated Owner) and any management or supervisory personnel the franchisee designates. Part 1 is at least two meetings with the Regional Sales Manager, a week of in-shop observation at an operating Midas Shop, a business plan and a competitive analysis. Part 2 is classroom instruction at the Midas training centre in Palm Beach Gardens, Florida lasting a minimum of four days, plus an additional 24 hours over four days for shops on the required point-of-sale system; it runs about nine times a year. Part 3, at Midas's option, is a minimum of five further business days of supervised practice at an operating shop or regional location. The Item 11 table totals 28 to 101 classroom hours and 60 to 120 hours of on-the-job training. Midas charges nothing for the training itself; the franchisee pays travel and living costs, estimated in Item 7 at $1,050 to $8,000 for one person. The shop may not open until 48 hours after the program is completed. Disclosed
|
| Multi-unit / development options | Midas offered area development agreements to qualified candidates from 2014 until early 2025 and states it is not currently offering them. Item 12 confirms the franchisee receives no option or right of first refusal to acquire additional franchises. Additional shops are instead handled through separate Franchise Agreements, with an existing-franchisee incentive that reduces the initial franchise fee to $10,000 for the first additional shop and $5,000 for each further agreement signed at the same time, subject to 51% ownership tests, good standing and opening by June 30, 2027. Disclosed
Fee amounts are from Item 5 (PDF page 16); the statement about area development agreements is from Item 1. |
| Territory (Item 12) | There is no protected or exclusive territory. The Franchise Agreement grants the right to operate at one approved location only and confers no geographic area or market rights. Midas, its parents and affiliates expressly reserve the right to open or franchise other Midas Shops and Co-Branding Shops at any location, including close to the franchisee's shop, and to operate or franchise competing businesses under other brands — the FDD names Mavis Tire Shops, Tuffy Auto Service Centers and Express Oil Change/Tire Engineers centers as affiliated concepts that may operate nearby. The franchisee may not use the Internet, catalogue, telemarketing or other direct channels to sell under the Midas marks. Continuation of the franchise does not depend on achieving a sales volume or market penetration target. Relocation is permitted only if possession of the premises is lost without the franchisee's fault, subject to approval and a $1,000 relocation fee. Disclosed
|
| Initial term | 20 years Disclosed
|
| Renewal | Midas may renew for one additional 20-year term. The franchisee must be in good standing on credit, building maintenance and system participation, sign the then-current Franchise Agreement and Renewal Agreement (which may contain materially different terms, including different fees), sign a general release where state law allows, and pay the renewal fee, currently $5,000. Midas may impose conditions such as relocation or remodelling. A separate Fleet Amendment may be extended in consecutive five-year periods. Disclosed
|
Risk and legal observations
Items 3, 4, 8, 15, 17 — summarized neutrallyLitigation: 3 matter(s) disclosed Disclosed · Bankruptcy: None disclosed Disclosed
View legal disclosures, restrictions and guarantees
| Litigation (Item 3) | 3 matter(s) disclosed Disclosed Item 3 reports no pending matters and three concluded ones. First, an arbitration Midas commenced in January 2020 against a former Hawaii franchisee after that franchisee sued Midas; the franchisee alleged wrongful termination of its franchise agreement and related claims and sought $2,100,000. The arbitrator found in July 2021 that the termination was justified for non-payment of royalties and rejected the statutory, contract and tortious-interference claims, but found Midas had improperly assumed the premises lease; the parties settled in August 2021 with Midas paying $203,362.67 and waiving rights to equipment and inventory. Second, a 2018 stipulated judgment with the Napa County District Attorney in California over a franchisee's alleged consumer and hazardous-waste violations; Midas disagreed with the allegations but agreed to oversight obligations and paid $150,000 into a customer restitution fund, a $50,000 civil penalty and $10,000 in investigative costs, with full satisfaction of judgment filed in June 2024. Third, a 2015 action by a Canadian franchisee and its owners against Midas Canada seeking rescission and damages over Cdn $600,000, resolved by a Cdn $414,359 payment and dismissed in June 2016. Midas reports no actions filed against franchisees in the last fiscal year to recover royalties, trade debts or rent. |
|---|---|
| Bankruptcy (Item 4) | None disclosed Disclosed Item 4 states that no bankruptcy is required to be disclosed. |
| Personal guaranty | Required Disclosed
Where the franchisee is a corporation, limited liability company or partnership, each owner must personally guarantee prompt and full payment of all debts to Midas, Midas Realty, Midas Property and their affiliates, subordinate claims against the entity in Midas's favour, and be personally bound by and liable for the entity's breaches. Midas may limit or waive this in its sole discretion. A Personal Guaranty form is attached as Exhibit D-2 and a Subordination Agreement as Exhibit D-3. |
| Non-compete | During the term, the franchisee may not have an interest in a competing business at any location. After termination or expiry, the franchisee may not be involved in a competing business within 15 miles of its own shop or of any other Midas Shop for two years. The Option and Shop Lease adds a separate restriction on involvement in any automotive repair shop within a one-mile radius of the premises. Both are stated to be subject to state law. Disclosed
|
| Transfer restrictions | Midas has the right to approve all transfers at its sole discretion and holds a right of first refusal to match any bona fide offer for the business. Conditions include the buyer qualifying on credit, character and experience, payment of the transfer fee (currently $5,250) and, where the buyer is new to Midas, a New Franchisee Support Fee bringing the total to the current initial franchise fee. The seller must not be in default, must pay all outstanding amounts, must sign a general release, and the purchase agreement must be approved. The buyer must complete training and sign the then-current Consent to Transfer and Franchise Agreement, which may differ materially from the seller's. Renovations or refurbishments may be required. A resale assistance fee of up to $15,000 applies if Midas finds the buyer. On death or disability the franchise must be assigned to an heir, distributee or buyer with Midas's consent. Midas may assign its own side of the agreement without restriction. Disclosed
|
| Termination / non-renewal | The franchisee may terminate on 30 days' written notice unless it has signed a Co-Branding Amendment. Midas may terminate without cause only on a force majeure event lasting 12 months or more, or on losing the SpeeDee licence in the case of a Co-Branding Amendment. Curable defaults carry short cure periods: 7 days for filing suit in breach of the dispute-resolution clause, 15 days for non-payment of fees or non-submission of reports, and 30 days for non-compliance with policies and procedures including training. A long list of defaults is non-curable, including felony conviction or conduct harming the system, repeated defaults even if cured, false reports, loss of the premises, unapproved transfers, bankruptcy events, failure to complete training, failure to open on time, abandonment and breach of the non-compete. On termination the franchisee must pay outstanding amounts, fully de-identify and assign its telephone numbers to Midas; under a Midas lease or sublease it must also pay future rent for the remainder of the term. Disclosed
|
| Supplier restrictions (Item 8) | Most goods may currently be bought from any supplier meeting Midas specifications, but Midas reserves the right to designate required sources at any time. Designated or exclusive sources currently apply to the warranty program, the Fleet Program and the point-of-sale system, which new franchisees must license from the designated vendor and have that vendor install. Franchisees must use approved brands of bulk oil and lubricants (Valvoline recommended, not required), buy specified equipment and inventory, and hold a minimum tire inventory. Midas says source-restricted purchases are roughly 10%–30% of required purchases when opening and 10%–60% when operating. For the year ended December 31, 2025 Midas reported total revenue of $152.9 million, of which $39 million — 25.5% — came from franchisees' purchases of required products and services. Midas Realty and Midas Property separately received $29.1 million in rent from U.S. franchisees. Midas also receives supplier rebates of 2%–10% on certain purchases, which it currently passes through to the purchasing franchisee but may stop passing through. Disclosed
|
| Dispute resolution | Except for certain claims, all disputes must be arbitrated in Palm Beach Gardens, Florida, subject to state law; rent disputes are arbitrated where the premises are located. Where a claim may be brought in court, the forum is state court in Palm Beach County or federal court in West Palm Beach, Florida, and both parties waive a jury trial. Delaware law governs, subject to state law. The cover page carries a state-required risk factor noting that out-of-state dispute resolution may cost more and may push a franchisee toward a less favourable settlement. Disclosed
|
- The cover page carries a state-required risk factor stating that the franchisor's financial condition, as reflected in its Item 21 financial statements, calls into question its ability to provide services and support.
- The cover page also carries a state-required out-of-state dispute resolution risk factor: mediation, arbitration and litigation take place only in Florida.
- During 2025 the franchisor reacquired 111 franchised shops, taking company-owned units from zero to 111 while franchised units fell from 975 to 889.
- No exclusive territory: the franchise is location-specific and Midas, its parents and its affiliates may open or franchise competing shops nearby, including Mavis, Tuffy and Express Oil Change/Tire Engineers locations.
- Midas may modify the Franchise Agreement at its option upon approval of 75% of the U.S. franchisees affected by the modification.
- Liquidated damages of $300 per day accrue during any period the franchisee is in breach of a non-monetary provision.
- Where premises are leased or subleased from Midas Realty or Midas Property, the lease is triple-net at $5,000 to $20,000 per month plus $1,000 to $5,000 of monthly taxes, rent may be reset to fair market value every five years, and on termination the franchisee owes future rent for the remainder of the term.
- The 2026 total investment estimate excludes real estate purchase; Item 7 estimates buying a site at $615,000 to $1,250,000 and building a shop at $1,250,000 to $2,050,000.
- Cure periods are short — 15 days for unpaid fees and unfiled reports, 30 days for most other failures — and repeated defaults are non-curable even if each one is cured.
Summaries are neutral paraphrases of the cited document and are not legal advice. Read the full Items in the current FDD and consult a franchise attorney.
Illustrative unit economics
Not disclosedNo model is offered for Midas because no annual average unit sales disclosed in Item 19. We do not manufacture estimates where the disclosure does not support them.
Sources and provenance
Primary source: 2026 Franchise Disclosure Document — Midas International, LLC · issued 2026-04-16. Find the FDD at Wisconsin Department of Financial Institutions — Franchise Registration Search. We cite source pages and do not redistribute PDFs.
View all sources, provenance and verification notes
| Document | Obtained from | Dates | Status |
|---|---|---|---|
| 2026 Franchise Disclosure Document — Midas International, LLC Registry file 641034 · 422 pages Cover reads 'Issuance date of this Franchise Disclosure Document: April 16, 2026'. Wisconsin registration effective 4/17/2026, status Registered; this is the newest Midas document available in that registry. Financial statements and Item 20 data are as of December 31, 2025. | Wisconsin Department of Financial Institutions — Franchise Registration Search | Issued 2026-04-16 Retrieved 2026-08-29 | Newest available at retrieval |
AI-assisted extraction from the archived FDD text, independently machine-verified against the cited source (two passes plus tie-break); not human-reviewed. Extracted 2026-08-29. Last updated 2026-09-05. AI-assisted extraction independently machine-verified against the cited source document (2026-08-30): two independent AI reading passes plus tie-break re-inspection of every disagreement; 69 of 77 material fields confirmed (65 with the exact page citation re-confirmed), 0 corrected, 0 unresolved, 8 confirmed not disclosed. No human has reviewed this profile. Fiscal year covered: FY2025 (Dec 31, 2025). See how we use AI and verify data.
Fields flagged as uncertain (5)
- item19.headline_auv — no systemwide average gross revenue is disclosed, only four quartile averages; left null rather than computed from an assumed equal quartile size.
- item19.metrics[*].population_count — the FDD never states how many franchisees are in each quartile.
- fees.ad_fund / fees.local_marketing / fees.cooperative — the FDD imposes no such separate charge, so all three are null with explanatory notes.
- fees.royalty.unit — recorded as pct_net_sales because the FDD's base is 'Net Revenue', which it defines as all shop revenue excluding sales, use and gross receipts taxes.
- investment.franchise_fee_low/high — set to the $35,000 initial franchise fee only; the separate mandatory $20,000 marketing contribution is kept as an Item 7 line item.
Extraction notes (8)
- The Midas Shop Item 20 tables foot exactly for 2023, 2024 and 2025, and the Item 7 new-shop line items foot exactly to both the $385,450 low and the $940,050 high.
- The Co-Branding Shop Item 20 tables are internally inconsistent: Table No. 1 shows company-owned Co-Branding outlets going from 0 to 2 in 2025 while its own Total Outlets row stays at 54, and Table No. 4 states neither Midas nor SpeeDee operates any company-owned Co-Branding Shops. This record uses the Midas Shop tables only.
- Implied quartile size in Item 19 is ambiguous: 856 divided by four is 214, but the '% that met or exceeded the average' percentages fit 214 for two quartiles and about 217 for the other two, so no quartile population was recorded.
- Item 1 reports 889 franchised Midas Shops in the United States at December 31, 2025 while Item 19 describes the same number as '889 franchisees'; unit counts here follow the Item 20 tables.
- The franchisor changed its fiscal year end from March 31 to December 31 in June 2025 and restated the 2023 and 2024 Item 20 counts onto a December 31 basis.
- Units exclude 54 franchised Midas/SpeeDee Co-Branding Shops in the U.S., 137 franchised Midas Shops in Canada and 1,031 Midas Shops located internationally.
- fees.ad_fund, fees.local_marketing and fees.cooperative use evidence 'not_disclosed' with null values because the schema has no code for a charge the FDD affirmatively says does not exist; the notes state what the FDD does say.
- The royalty fee value records the 10% standard rate rather than the 2% low end of the Item 6 range, because the range low reflects the reduced battery rate rather than a standard alternative; range_high 11 is the Co-Branding SpeeDee rate.
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