Question 1

How much does it cost to open a Midas franchise?

Accepted Answer

The total initial investment for a Midas franchise ranges from $342K to $925K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Midas franchise fee?

Accepted Answer

The initial franchise fee for Midas is $35K.

Question 3

What are the net worth requirements for a Midas franchise?

Accepted Answer

Net worth requirements for Midas are specified in the Franchise Disclosure Document.

Question 4

Does Midas require a personal guarantee?

Accepted Answer

Yes, Midas requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Midas franchise?

Accepted Answer

Equipment costs for a Midas franchise range from $175K to $375K. Initial inventory costs range from $25K to $100K.