Midas vs Snap-on
Franchise Comparison 2026
Both Midas and Snap-on are automotive franchises. Midas requires an investment of $342K – $925K while Snap-on requires $223K – $509K. In terms of revenue, Snap-on reports higher average unit revenue at $1.3M. On SBA loan performance, Snap-on has a lower charge-off rate (11.8%) compared to Midas (13.3%). FranchiseVerdict rates Midas A (Top Quintile) and Snap-on A (Top Quintile).
| Metric | Midas | Snap-on |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $342K – $925K | $223K – $509K |
| Franchise Fee | $35K | $16K |
| Royalty Rate | 10.0% | $156.00 per month |
| Average Revenue (Item 19) | $1.2M | $1.3M |
| SBA Charge-Off Rate | 13.3% (451 loans) | 11.8% (286 loans) |
| Total Units | 975 | 3,328 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1956 | 1990 |
| FDD Year | 2025 | 2026 |
Investment Range
$342K – $925K
$223K – $509K
Franchise Fee
$35K
$16K
Royalty Rate
10.0%
$156.00 per month
Average Revenue (Item 19)
$1.2M
$1.3M
SBA Charge-Off Rate
13.3% (451 loans)
11.8% (286 loans)
Total Units
975
3,328
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1956
1990
FDD Year
2025
2026