What does a Midas Franchise Cost?
Midas franchise fees for 2024:
Liquidity Required to Qualify: $75,000
Total Investment: $198,650- $539,512
Minimum Net Worth: $250,000
Franchise Fee: $35,000
Royalty: 5%
Ad: 5%
Item 19: Yes
Average Number of Employees: 7
Visa Candidates: No
Passive Ownership: Yes, with full time operations manager
Home-Based: No
B2B: No
Master Franchise Opportunities: International only
Veteran Discount: YES! Proudly offering a 100% discount off our
initial franchise fee! (Taking it to $0!)
Is Midas a Semi Absentee Franchise with a Passive Ownership Opportunity?
No. Midas is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
Is Midas a Home Based franchise?
No. Midas is not a home based franchise opportunity.
What Do Midas Franchise Owners Make?
Click here to find out how much Midas franchisees make. Midas offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
Is Midas a Master Franchise Opportunity?
No. Midas is not a master franchise opportunity.
Does Midas Offer a Veteran Discount?
Yes. Midas franchise does offer a veteran discount.
Does Midas Work with E2 Visa and EB-5 Visa Candidates?
No. Midas franchise does not work with E2 Visa and EB-5 Visa candidates.
Is Midas Looking for Franchisees in Canada?
Yes. Midas franchise is looking for Canada franchisees.
Is Midas Looking for International franchisees?
No. Midas franchise is not looking for International franchisees.
Where can I see Midas's FDD (Franchise Disclosure Document)?
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.