Highlights
- Every week, 11.0% of gross sales goes to the franchisor before rent, food or labor: royalty 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise.p.20
- Opening one unit is estimated at $385,450 to $940,050, including a $35,000 initial fee.p.30
- Midas discloses unit performance in Item 19.p.76
- The system went from 971 outlets at the start of 2023 to 1,000 at the end of 2025, a net gain of 29.p.77
- In 2025, closures of all kinds equalled 12.2% of the outlets open at the start of the year.
- Item 3 discloses 0 matters.p.14
Tools, from this filing's numbers
What Midas takes off the top
Royalty 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise, applied to your own sales estimate. The rates are the filing's; the sales are yours.
Midas discloses no unit revenue, so start from a number you believe.
Cash you would need to open
The filing's Item 7 range, $385,450 to $940,050, is an estimate for one unit including only its first months. Slide between the low and high cases and add the months of runway you want beyond that.
Monthly operating cash is taken as one-twelfth of your weekly-sales figure above times 52, a placeholder for rent, labor and food until you have your own budget.
Where the units went in 2025
Every outlet that opened, and every one that left, drawn from Item 20 Table 3 to scale.p.85
Total outlets, 2022 to 2025
Compare Midas with another brand
Side by side, every figure cited.
Fees (Items 5 and 6)
| Initial franchise fee, standard | $35,000 | p.16 |
| Royalty | 2-10% of Net Revenue; up to 11% in certain cases for a Co-Branding Shop franchise | p.20 |
| Advertising fund | not stated | |
| Technology fee | held for review |
The filing lists every recurring and conditional fee in Item 6.
Estimated initial investment (Item 7)
| Expenditure | Low | High | |
|---|---|---|---|
| Initial Franchise Fee, Minimum Site Payment, or Deposit | $35,000 | $35,000 | p.28 |
| Marketing Support Program or Other Grand Opening Advertising | $20,000 | $20,000 | p.28 |
| Travel & Living Expenses while Training | $1,050 | $8,000 | p.28 |
| Security Deposit, Licenses & Permits | $10,000 | $50,000 | p.28 |
| Rent and Real Estate Taxes (3 months) | $15,000 | $75,000 | p.28 |
| Equipment & Tools | $180,000 | $385,000 | p.28 |
| Shipping and Installation Costs - Equipment | $15,500 | $41,000 | p.29 |
| Computer, Hardware & Telephone System | $10,300 | $30,800 | p.29 |
| Office & Waiting Room Furniture & Point of Purchase Materials | $10,300 | $30,800 | p.29 |
| Branding | $10,300 | $41,000 | p.29 |
| Shipping and Installation Costs - Signage | $5,100 | $25,700 | p.29 |
| Initial Inventory & Supplies | $25,700 | $103,000 | p.29 |
| Point-Of-Sale System License and Training Fees | $0 | $10,800 | p.29 |
| Point-of_Sale System Software Maintenance Fee (3 months) | $0 | $1,250 | p.29 |
| Parts & Labor Guide Subscription (3 months) | $0 | $400 | p.29 |
| Insurance (3 months) | $1,550 | $4,600 | p.29 |
| Legal & Accounting | $1,050 | $3,600 | p.29 |
| Miscellaneous | $3,100 | $5,100 | p.30 |
| Total | $385,450 | $940,050 | p.30 |
Revenue (Item 19)
Midas reports Average Gross Revenues across 856 outlets for 2025 calendar year.p.76 What the figure measures, which units were excluded and what it leaves out are in the report.
Units (Item 20)
| Type | Year | Start | End | Net | |
|---|---|---|---|---|---|
| franchised | 2023 | 971 | 972 | 1 | p.77 |
| company owned | 2023 | 0 | 0 | 0 | p.77 |
| total | 2023 | 971 | 972 | 1 | p.77 |
| franchised | 2024 | 972 | 975 | 3 | p.77 |
| company owned | 2024 | 0 | 0 | 0 | p.77 |
| total | 2024 | 972 | 975 | 3 | p.77 |
| franchised | 2025 | 975 | 889 | -86 | p.77 |
| company owned | 2025 | 0 | 111 | 111 | p.77 |
| total | 2025 | 975 | 1,000 | 25 | p.77 |
Openings and closures, system totals (Table 3)
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | |
|---|---|---|---|---|---|---|---|---|
| 2023 | 971 | 15 | 12 | 0 | 0 | 2 | 972 | p.85 |
| 2024 | 972 | 9 | 6 | 0 | 0 | 0 | 975 | p.85 |
| 2025 | 975 | 33 | 3 | 0 | 111 | 5 | 889 | p.85 |
Arithmetic checks flagged: item7: low lines sum to 343950, total says 385450; item7: high lines sum to 871050, total says 940050. The figures shown are as filed.
Litigation (Item 3)
0 pending cases described.p.14 1 case brought by franchisees or former franchisees.p.14 Counts are of distinct matters as the filing describes them; the report carries each one in plain words.
Scorecard
Rank among the brands on this site that report the figure, on each list's own direction. No blended grade. How the lists work.
| Cost to open | $385,450 | 26 of 51 |
| Royalty plus ad fund | 11.0% | 34 of 43 |
| Three-year unit growth | 3.0% | 36 of 54 |
| Closure rate, 2025 | 12.2% | 4 of 51, 1 = most |
| Discloses unit revenue | yes | |
| Litigation disclosed | 0 | 22 of 26, 1 = most |
Source
Wisconsin Department of Financial Institutions franchise filing 641034, effective 4/17/2026, expires 4/17/2027. Extracted 2026-09-04 by two independent readers; only figures both agreed on, whose quoted words appear on the cited page, are shown. 2 fields held for review. How this works.