Midas
We operate automotive repair and maintenance service centers under the Midas name. Our shops sell and install brakes, tires, exhaust components, batteries, filters, belts, wiper blades, shocks, struts, and other automotive parts, and we provide services such as brake repair, tire mounting and balancing, scheduled maintenance, exhaust service, suspension work, wheel alignment, battery installation, starting and charging service, heating and cooling service, and CV joint and driveshaft service. We serve vehicle owners of all income levels who need routine care or repairs for their cars and light trucks. Our business is a retail automotive service model, with shops that provide customers with approved products and services from a single convenient location.
Your franchise match score
Automotive
Brand highlights
- CEOLaurent Bourrut
- Headquarters4300 TBC Way, Palm Beach Gardens, FL, 33410
- Year founded1954
- Year started franchising1956
- IndustryAutomotive
- Locations open977 (-23 last three years)
Statistics & metrics
- Investment range$212,150 - $595,512
- Franchise fee$35,000
- Royalty2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise - see Note A
- Brand fund
- Required Liquid CapitalN/A
- Required Net WorthN/A
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-06-29
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Midas, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Midas franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Midas franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Midas franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Midas. | |
| Financial Performance Representations | Review any financial performance information Midas provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 977 |
| Franchise locations | 977 |
| Corporate locations | 0 |
System growth over time
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