How much does a Midas cost to buy or open?

The typical deal for Midas is $405K across 65 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $45K of buyer cash on a typical deal.

0% of Midas's FY2020–23 deals failed and were written off. Under 1% is excellent; 1–3% is normal; above 3% deserves hard questions before the LOI.

Can I finance a Midas with an SBA loan?

Yes — Midas has been SBA-financed 17 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

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Midas, by the numbers

Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.

SBA Franchise Directory: listed ✓ (identifier S1110)

65 deals since 2020 · typical deal $405K · 0% failure rate

Deals since 2020

$405K

Typical deal

Deals since FY2025

Failure rate (FY20–23)

Midas buyers almost always make it — a 0% failure rate puts it among the safest franchise bets on record.

What buyers pay for Midas

Most Midas deals financed between $205K and $1.08M. Above $1.08M, you're paying more than 75% of buyers did — make the seller earn it.

Your deal size$405K

Monthly payment (10-yr): $5,296
Down payment (10%): $45K
Cash to close (all-in): $60K

Estimates at today's rates and standard 7(a) terms. Not a loan offer.

Could you get the loan?

Three answers. No documents, no credit pull.

Credit score

Available cash (you'll need ~$60K)

Experience

Recent financings

Red Eagle, LLC in Tupelo, MS — $2.1M (2026) · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
300 mo (25 yrs)

Midas, by the numbers

Recent financings

Who funds Midas — and where

Common questions

How much does a Midas cost to buy or open?

How risky is Midas?

Can I finance a Midas with an SBA loan?

AI summary