Franchises · 2026 FDD · Wisconsin DFI filing 641034
Midas franchise cost, unit revenue and closures
Opening a Midas cost $385,450 to $940,050 in the 2026 FDD; the franchisor's revenue disclosure has no single unit figure; 2.9% of franchised units closed over three years.
Franchisor: Midas International, LLC. FDD issued 2026-04-16. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
new Midas Shop, assuming the property is leased (building a shop is estimated at $1,250,000 to $2,050,000 and land $615,000 to $1,250,000, outside the total); conversion of an operating repair facility $143,400 to $941,050 (p.32-33).
What a unit pays the franchisor
| Initial franchise fee | set by program; $10,000 application deposit applied to the initial franchise fee | Item 5, p. 16 |
|---|---|---|
| Royalty | 2% to 10% of Net Revenue on a sliding scale (up to 11% for a co-branding shop), monthly | Item 6, p. 20 |
| Advertising fund | Marketing/Advertising: see Note A (not a flat percentage line) | Item 6, p. 20 |
fee amount not read in the pilot pass; incentive programs waive or reduce it.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
Item 19 present, no single unit figure. Average Gross Revenues of franchised shops in quartiles, 2025 (Item 19, p. 75, 76).
Sample: 889 franchisees as of 2025-12-31 (the quartile counts implied by the at-or-above-average figures sum to about 864). Period: 2025 calendar year.
| Quartile | Median | Average |
|---|---|---|
| top | $1,732,617 | $2,141,832 |
| top middle | $1,337,678 | $1,344,577 |
| bottom middle | $1,028,955 | $1,027,246 |
| bottom | $699,267 | $676,751 |
Revenue to investment
Undefined: Item 19 gives quartiles only.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 971 | 972 | 975 |
| Opened | 15 | 9 | 33 |
| Terminated | 12 | 6 | 3 |
| Not renewed | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 111 |
| Ceased, other reasons | 2 | 0 | 5 |
| End of year | 972 | 975 | 889 |
| Company-owned, end of year | 0 | 0 | 111 |
Item 20, Table 1 p. 77; Table 3 totals p. 85.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
111 franchised shops became company-owned in 2025 (reacquired).
Source and method
Every figure above comes from the Midas Franchise Disclosure Document issued 2026-04-16, as filed with the Wisconsin Department of Financial Institutions (filing 641034, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.