Kwik Kar vs Midas
Kwik Kar vs Midas: Kwik Kar costs $291K–$917K to open; Midas costs $141K–$1.3M. Kwik Kar has 59 units, Midas has 370. SBA loan history: Kwik Kar = 68 loans (8.8% default); Midas = 478 loans (8.4% default). The franchise with more SBA-funded units, lower default rate, and lower royalty load is the safer financing bet — see the comparison below.
Kwik Kar vs Midas — Capital, Scale & Lending Analysis
Data-driven differentiation pulled from FDD filings and SBA 7(a) loan-level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Midas requires the lower minimum capital commitment ($141K vs $291K for Kwik Kar), a 107% spread. Initial franchise fees come in at $40K for Kwik Kar versus $50K for Midas — Kwik Kar has the lower entry fee. Ongoing royalty load is 6% for Kwik Kar and 5% for Midas, giving Midas the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, Midas operates 370 units to Kwik Kar's 59 — roughly 6× the system size. Midas has been operating 70 years (founded 1956) versus 2 for Kwik Kar (founded 2024) — a 68-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Midas has the deeper SBA lending track record with 478 historical 7(a) approvals versus 68 for Kwik Kar. Kwik Kar's peak SBA year was 2010 (7 loans); Midas's peak was 1994 (26 loans). Kwik Kar's more recent peak generally indicates fresher lender appetite. Geographically, Kwik Kar concentrates in TX (58 SBA-funded units) while Midas leads in CA (51) — pick the brand whose strongest state matches yours for warmest lender introductions. Average SBA loan size on funded Kwik Kar deals is $761K vs $428K for Midas — useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 8.8% for Kwik Kar and 8.4% for Midas — Midas has the cleaner historical loss profile by 0.4 points. PeerSense FPI scores come in at 32 (Fair) for Kwik Kar and 68 (Strong) for Midas, giving Midas the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 32/100 | 68/100 |
Health Tier | Limited | Strong |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 68 | 478 |
SBA Volume | — | — |
Default Rate | 8.8% | 8.4% |
Peer Tier | established | major |
Investment & Costs
Total Investment | $291K – $917K | $141K – $1.3M |
Franchise Fee | $40K | $50K |
Royalty Rate | 6% | 5% |
Ad Fund | 4.5% | 1% |
Liquid Capital | N/A | $50K |
Net Worth Required | N/A | $250K |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 59 | 370 |
Franchised Units | 59 | 370 |
Company-Owned | — | — |
Term Length | 15 yrs | N/A |
Brand Information
Year Founded | 2024 | 1956 |
Franchising Since | 1960 | 1960 |
Years Franchising | 66 yrs | 66 yrs |
Headquarters | Greenwood Village, CO | FORT WAYNE, IN |
Category | General Automotive Repair | General Automotive Repair |
Website | ||
FDD Year | 2026 | 2026 |
Which Is Better — Kwik Kar or Midas?
Lower upfront capital required
Midas
Kwik Kar: $291K starting · Midas: $141K starting
More SBA lender confidence
Midas
Kwik Kar: 68 SBA loans · Midas: 478 SBA loans
Lower historical default rate
Midas
Kwik Kar: 8.8% · Midas: 8.4%
Larger system & brand presence
Midas
Kwik Kar: 59 units · Midas: 370 units
Lower ongoing royalty load
Midas
Kwik Kar: 6% · Midas: 5%
More lender financing options
Midas
Kwik Kar: 31 unique lenders · Midas: 166 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation — your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
Kwik Kar vs Midas: Franchise Funding Comparison
Comparing Kwik Kar and Midas is about more than brand preference — it's about which franchise fits your financial profile and funding strategy. Investment ranges from $141K to $1.3M.
Both brands have active SBA lending histories — Kwik Kar with 68 SBA loans and Midas with 478. This means proven lender acceptance and established underwriting paths for franchise buyers.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands — not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice — consult with a lending professional before making investment decisions.