Full car service franchise
About the business
Midas is an automotive business in Cairns, Queensland. Midas has over 40 years of experience in the Australian market. It is the only Midas store in Cairns, and the franchise has won multiple awards nationally. After 25 years, the current owner wishes to retire. A long lease is in place. The franchisor provides full training and ongoing support, and no prior mechanical experience is required. The broker reports a strong reputation in the Cairns automotive repair market, a captive market, and a loyal, expanding customer base of 25+ years with minimal debtors. The broker reports that it is one of the brand's best performing stores, in the top 3 nationally.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$1,300,000
Paid by
Your cash$390,000
Secured loan, 7 years at 6.98%$910,000
Each month
Loan repayment$13,730
Repayments each month
$13,730
Over 7 years you repay $1,152,937, of which $242,937 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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