Midas Franchise for Sale - Auto Repair

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Midas Franchise Opportunities


Midas offers repair and maintenance services on shock absorbers, brakes, tires, batteries, radiators, heating and cooling systems etc. The company was founded in 1956 in Macon, Georgia by Nate Sherman. It also provides franchise opportunities. As of 2018, Midas operates more than 2000 franchised locations worldwide.

How much does Midas franchise cost?

Midas has the franchise fee of up to $30,000, with total initial investment range of $181,650 to $459,587.

Initial Investment: $181,650 - $459,587
Net-worth Requirement: $250,000
Liquid Cash Requirement: $75,000

Initial Investment and Startup Costs

Estimated Initial Investment for a New 8 Bay Midas Shop
Name of FeeLowHigh
Initial Franchise Fee or Minimum Site Payment$0$30,000
Marketing Support Program$5,000$5,000
Travel & Living Expenses while Training$1,000$7,800
Security Deposit, Licenses and Permits$0$14,000
Rent and Real Estate Taxes (3 months)$15,000$42,000
Warranty Registration Fee (3 months)$150$2,000
Equipment and Tools$50,000$151,000
Shipping and Installation Costs -Equipment$5,000$20,000
Computer, Hardware & Telephone System$6,000$6,000
Office & Waiting Room Furniture & Point of Purchase Materials$13,000$13,000
Branding$10,000$25,000
Shipping and Installation Costs - Signage$6,000$9,000
Initial Inventory & Supplies$25,000$50,000
R.O. Writer Software$0$5,000
R.O. Writer Software Maintenance Fee (3 months)$0$330
R.O. Touch Installation and Monthly Fees (3 months)$0$400
Smart Status Installation and Monthly Fees (3 months)$0$400
Epicor Parts & Labor Guide Subscription (3 months)>$0$300
MotoLOGIC Repair 3 User Subscription (3 months)$0$357
Insurance (3 months)$1,500$4,500
Legal & Accounting$1,000$3,500
Additional Funds (3 months)$40,000$65,000
Miscellaneous$3,000$5,000
ESTIMATED TOTAL$181,650$459,587
Midas Franchise

Support Options

On-The-Job Training: 100 - 120 hours
Classroom Training: 40 - 72 hours
Additional Training: In-shop assignment
Number of Employees Required to Run: 9

Midas Franchise Info: https://www.midasfranchise.com/

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