Question 1

What is the Midas franchise royalty rate?

Accepted Answer

The Midas franchise charges a royalty rate of 10.0% of gross sales, according to the latest Franchise Disclosure Document (FDD).

Question 2

What are the total ongoing fees for a Midas franchise?

Accepted Answer

The total ongoing fee rate for a Midas franchise is approximately 15.0% of gross sales, including royalty, marketing, technology, and other recurring fees.

Question 3

What is the Midas franchise advertising fee?

Accepted Answer

Midas requires a national advertising/marketing fund contribution of 5.0% of gross sales.