Meineke vs Midas
Meineke vs Midas: Meineke costs $250K–$550K to open; Midas costs $141K–$1.3M. Meineke has 87 units, Midas has 370. SBA loan history: Meineke = 119 loans (19.3% 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.
Health & Performance
FPI Score | 31/100 | 68/100 |
Health Tier | Limited | Strong |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 119 | 478 |
SBA Volume | — | — |
Default Rate | 19.3% | 8.4% |
Peer Tier | major | major |
Investment & Costs
Total Investment | $250K – $550K | $141K – $1.3M |
Franchise Fee | $35K | $50K |
Royalty Rate | 5% | 5% |
Ad Fund | 4% | 1% |
Liquid Capital | $100K | $50K |
Net Worth Required | $500K | $250K |
Financial Performance (Item 19)
Item 19 Status | Not Disclosed | Not Disclosed |
System Size & Operations
Total Units | 87 | 370 |
Franchised Units | 87 | 370 |
Company-Owned | — | — |
Term Length | 20 yrs | N/A |
Brand Information
Year Founded | 1972 | 1956 |
Franchising Since | N/A | 1960 |
Years Franchising | N/A | 66 yrs |
Headquarters | TX | FORT WAYNE, IN |
Category | General Automotive Repair | General Automotive Repair |
Website | ||
FDD Year | 2026 | 2026 |
Which Is Better — Meineke or Midas?
Lower upfront capital required
Midas
Meineke: $250K starting · Midas: $141K starting
More SBA lender confidence
Midas
Meineke: 119 SBA loans · Midas: 478 SBA loans
Lower historical default rate
Midas
Meineke: 19.3% · Midas: 8.4%
Larger system & brand presence
Midas
Meineke: 87 units · Midas: 370 units
Lower ongoing royalty load
Tie
Meineke: 5% · Midas: 5%
More lender financing options
Midas
Meineke: 55 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
Meineke vs Midas: Franchise Funding Comparison
Comparing Meineke 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 — Meineke with 119 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.