Franopolis
    MR

    Mike’s Red Tacos Restaurant ( s )

    Franchise research report · reviewed 2025 disclosure data

    Researching Mike’s Red Tacos Restaurant ( s ) franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Mike’s Red Tacos franchises operate restaurants featuring a birria-inspired menu focused on street-style tacos and other Mexican food. The business uses branded restaurant locations.

    Headline figures

    Mike’s Red Tacos Restaurant ( s ) quick facts

    Is Mike’s Red Tacos Restaurant ( s ) a franchise?
    Yes. Mike’s Red Tacos Restaurant ( s ) offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 0 franchised and 2 company-owned outlets (2025 FDD, Item 20, PDF p. 59).
    How much does it cost to open a Mike’s Red Tacos Restaurant ( s ) franchise?
    The Mike’s Red Tacos Restaurant ( s ) Franchise Disclosure Document reports an estimated initial investment of $619,800–$1,953,000 (2025 FDD, Item 7, PDF p. 22). This is the franchisor's disclosed estimate, not a quote. Details
    What is the Mike’s Red Tacos Restaurant ( s ) initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $40,000 (2025 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Mike’s Red Tacos Restaurant ( s ) charge?
    The disclosed ongoing royalty is 5% (2025 FDD, Item 6, PDF p. 13). The brand or advertising fund contribution is $170 (2025 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
    Does Mike’s Red Tacos Restaurant ( s ) disclose financial performance (Item 19)?
    Yes. The Mike’s Red Tacos Restaurant ( s ) FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 58). Figures apply only to the locations and period each one covers. Details
    How many Mike’s Red Tacos Restaurant ( s ) locations are there?
    The FDD reports 2 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 59). Existing locations do not indicate territory availability. Details
    Is Mike’s Red Tacos Restaurant ( s ) a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $619,800 – $1,953,000 in the 2025 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 reports revenue for 1 locations.
    3. 3Outlets grew by 1 in 2024, to 2 (System-wide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Mike’s Red Tacos Restaurant ( s ) head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    MRMike’s Red Tacos Restaurant ( s )VSDonatos Pizza
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    MRMike’s Red Tacos Restaurant ( s )VSMoe’s Southwest Grill
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    MRMike’s Red Tacos Restaurant ( s )VSParis Banh Mi
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    MRMike’s Red Tacos Restaurant ( s )VSPickleman’s Gourmet Cafe
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    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2025 FDD · Item 7 · PDF p. 22

    Formats disclosed in Item 7 (3)

    Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.

    • Total Estimated Initial InvestmentPDF p. 22$619,800 – $1,953,000
    • Total estimated initial investment for three businessesMulti-unitPDF p. 25$1,889,400 – $5,844,000
    • Total estimated initial investment for 25 businessesMulti-unitPDF p. 25$15,525,000 – $49,360,000

    Standard single-unit franchise fee

    2025 FDD · Item 5 · PDF p. 11
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Continuing royaltyMain ongoing fee

    35 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    One reported population. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Revenue · 1 locations

    Who is counted
    The Reporting Affiliate Location: one affiliate-owned Mike’s Red Tacos restaurant in San Diego, California, operating at least one year by December 31, 2024
    Period
    Reporting Affiliate Location
    Excluded
    The filing states there were no franchised restaurants and only the affiliate location operating at least one year is represented; the second affiliate location began operating in May 2024.
    Method
    Historical information prepared from internal accounting records and reports; not audited

    Outlet Changes — Item 20

    How has the outlet count changed?

    System-wide, as labeled in the FDD · counts as of Year 2024 of each year.

    2025 FDD · Item 20 · PDF p. 59

    Net +1 outlets, 2022–2024

    01202212023220240+1

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2025 Item 7 estimate ($619,800 – $1,953,000) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 1 to 2 in 2024. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2025 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 22
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 11
    3. [3]Item 19 — Locations counted not stated in the reviewed record · PDF p. 58
    4. [4]Outlet counts — Item 20, Table 1 · PDF p. 59

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    No verified franchisor financial statement figures have been reviewed yet.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Donatos PizzaMoe’s Southwest GrillParis Banh MiPickleman’s Gourmet CafeSammy’s SlidersSpitz Radwick Franchising LLC

    Head-to-head comparisons

    Mike’s Red Tacos Restaurant ( s ) vs Donatos PizzaMike’s Red Tacos Restaurant ( s ) vs Moe’s Southwest GrillMike’s Red Tacos Restaurant ( s ) vs Paris Banh MiMike’s Red Tacos Restaurant ( s ) vs Pickleman’s Gourmet CafeMike’s Red Tacos Restaurant ( s ) vs Sammy’s SlidersMike’s Red Tacos Restaurant ( s ) vs Spitz Radwick Franchising LLC
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 12 · PDF p. 42 · 2025 FDD

      Our summary: Territory definition: Any limited protected rights, if granted, are defined by the franchisor

      “We may provide certain limited protected rights within a defined territory (“Territory”). If not, your rights will be limited to the specific street address of your Mike’s Red Tacos Restaurant.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 43 · 2025 FDD

      Our summary: Exclusive territory: No

      “You will not receive an exclusive territory.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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