Midas vs RimTyme
Franchise Comparison 2026
Both Midas and RimTyme are automotive franchises. Midas requires an investment of $342K – $925K while RimTyme requires $473K – $802K. Midas discloses average revenue of $1.2M; RimTyme makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. Midas has SBA lending data on file with a 13.3% charge-off rate. FranchiseVerdict rates Midas A (Strongest tier) and RimTyme D (Below average).
| Metric | Midas | RimTyme |
|---|---|---|
| Verdict Grade | AStrongest tier | DBelow average |
| Investment Range | $342K – $925K | $473K – $802K |
| Franchise Fee | $35K | $15KConditional fee |
| Royalty Rate | 10.0% | 4.0% |
| Average Revenue (Item 19) | $1.2M | N/ANo Item 19 representation |
| SBA Charge-Off Rate | 13.3% (451 loans) | N/A |
| Total Units | 1,031 | 29 |
| Unit Growth (YoY) | +8 units | -9 units |
| Year Began Franchising | 1956 | 2007 |
| FDD Year | 2025 | 2025 |
Investment Range
$342K – $925K
$473K – $802K
Franchise Fee
$35K
$15KConditional fee
Royalty Rate
10.0%
4.0%
Average Revenue (Item 19)
$1.2M
N/ANo Item 19 representation
SBA Charge-Off Rate
13.3% (451 loans)
N/A
Total Units
1,031
29
Unit Growth (YoY)
+8 units
-9 units
Year Began Franchising
1956
2007
FDD Year
2025
2025