Midas franchise: costs, fees and what to check before you buy

Midas began in the USA in 1956 and came to Australia in 1976. Its centres offer servicing, brakes, suspension, exhausts and general repairs.

Midas has offered company-operated centres for franchise, which can mean a lower entry price but also a business whose results depend on how well it has been managed.

Midas franchise at a glance

Sector	Vehicle servicing and repairs
In Australia since	1976
Network	About 80 centres, company and franchise owned
Entry cost	From as low as about $120,000 for some centres (franchisor listing)
Resale	Midas says it doesn’t take a percentage of the sale price
Customer mix	Retail and fleet

Figures come from the public sources listed at the end of this guide and can change. Treat them as a starting point and confirm current numbers in the franchise disclosure document.

How the Midas model works financially

Like other workshop franchises, Midas centres earn on labour and parts. Technician productivity and average job value are the main drivers, with brakes and suspension work often carrying good labour content.

When buying a former company store, look closely at its recent trading and why it’s being offered. A centre that has been under-managed may improve with an owner on site, but the purchase price should reflect current results, not hoped-for ones.

The numbers to test before you buy a Midas franchise

• Recent trading history, especially for a former company store.
• Billed hours versus paid hours per technician.
• Parts margin and supplier pricing.
• Equipment condition and replacement needs.
• Lease terms and site visibility.
• Royalty and marketing contributions in the disclosure document.

Buying an existing Midas centre

For an established Midas centre, reconcile job data and sales to BAS and bank statements and review technician pay and entitlements. Check whether the price reflects a turnaround opportunity or current earnings.

How Franchise Co. can help with a Midas purchase

We work with buyers and owners of franchise businesses across Australia. For a Midas centre we can:

• Review the numbers before you sign. Our business due diligence starts from $2,000 + GST and tests trading history, labour productivity and the price against current earnings.
• Set up the structure and the books. Entity choice, GST, payroll and a chart of accounts that tracks billed hours, parts margin and job value. See accounting and tax and bookkeeping, BAS and payroll.
• Check your franchise fees. We reconcile royalty and marketing contributions to the sales they’re calculated on. See royalties and franchise fees.
• Plan the next centre. If a second site is on the cards, we model the cash flow and funding first. See multi-site reporting.

Talk to us about a Midas franchise

Midas franchise FAQs

Franchise Co. is an independent accounting practice. We aren’t affiliated with, endorsed by or connected to Midas or Midas Australia. Midas is a trademark of its owner and is used here only to identify the brand this guide discusses.

Sources and further reading

• SEEK Business: Midas Australia
• Inside Franchise Business: Midas Belconnen opportunity
• ACCC: Franchise disclosure document

Sources checked November 2026. Franchise costs and fees change. Confirm current figures with the franchisor before acting.

This guide is general information for people considering a franchise in Australia. It doesn’t take your circumstances into account and isn’t personal tax, legal or financial advice.