Mikes Red Tacos
Franchise research report · reviewed 2026 disclosure data
Researching Mikes Red Tacos franchise opportunities? Every figure below is cited to the FDD.
Mike's Red Tacos franchise specializes in authentic Mexican street tacos and casual dining, building a loyal following through fresh ingredients and bold flavor
Headline figures
Quick facts
- How much does it cost to open a Mikes Red Tacos franchise?
- The Mikes Red Tacos Franchise Disclosure Document reports separate estimated initial investments by format: $639,800 for as invoiced suppliers , e mployees and us total estimated initial investment ( 1 9 ) — 639800 (2026 FDD, Item 7, PDF p. 25); $594,550–$1,988,000 for as invoiced suppliers , e mployees and us total estimated initial investment ( 19 ) — 594550 (2026 FDD, Item 7, PDF p. 27). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Mikes Red Tacos charge?
- The disclosed ongoing royalty is $3 (2026 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is $170 (2026 FDD, Item 6, PDF p. 13). Other recurring fees are listed in Item 6. Details
- Does Mikes Red Tacos disclose financial performance (Item 19)?
- Yes. The Mikes Red Tacos FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 64). Figures apply only to the locations and period each one covers. Details
- How many Mikes Red Tacos locations are there?
- The FDD reports 4 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 65). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $639,800 (As invoiced Suppliers , E mployees and Us TOTAL ESTIMATED INITIAL INVESTMENT ( 1 9 ) — 639800); $594,550 – $1,988,000 (As invoiced Suppliers , E mployees and Us TOTAL ESTIMATED INITIAL INVESTMENT ( 19 ) — 594550); several initial fee options apply.
- 2Item 19 covers 2 separate groups: other measures for 1 Affiliate-owned founder; SanDiego locations; other measures for 1 Affiliate-owned founder; SanDiego locations. They are not combined.
- 3Outlets held steady in 2025, to 4 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
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.
- As invoiced Suppliers , E mployees and Us TOTAL ESTIMATED INITIAL INVESTMENT ( 19 ) — 594550PDF p. 27$594,550 – $1,988,000
- As invoiced Suppliers , E mployees and Us TOTAL ESTIMATED INITIAL INVESTMENT ( 1 9 ) — 639800PDF p. 25$639,800
- Above TOTAL ESTIMATED INITIAL INVESTMENT FOR THREE MIKE’S RED TACOS BUSINESSES ( 3 ) — 1949400Multi-unitPDF p. 31$1,949,400
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- creased to 4 % of weekly Gross Sales) Same as Continuing Royalty You must contribute — 3%Main ongoing fee
71 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?
Two separate populations, not a revenue-and-profit comparison. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Affiliate Location 2
- Period
- 2025 gross sales
- Excluded
- No franchisedstores; twoaffiliateonly; royalties/creativefundnotpaid; notprofit
- Method
- Internal unaudited; source roundednearest dollar (no additionalrounding); traditional2200/2100sf; openedAug2022/May2024; cateringboth.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Affiliate Location 1
- Period
- 2025 gross sales
- Excluded
- No franchisedstores; twoaffiliateonly; royalties/creativefundnotpaid; notprofit
- Method
- Internal unaudited; source roundednearest dollar (no additionalrounding); traditional2200/2100sf; openedAug2022/May2024; cateringboth.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 65
Net +2 outlets, 2023–2025
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 2025 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 2026 Item 7 estimate ($594,550 – $1,988,000) 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 4 to 4 in 2025. 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 (2026 FDD)
- [1]Item 19 — Locations counted not stated in the reviewed record — Affiliate Location 2 · PDF p. 64
- [2]Item 19 — Locations counted not stated in the reviewed record — Affiliate Location 1 · PDF p. 64
- [3]Outlet counts — Item 20, Table 1 · PDF p. 65
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
10 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | class b | -$199,458 |
| 2025 | prepaid expenses | $46,139 |
| 2025 | depreciation and amortization | $5,377 |
| 2025 | accounts receivable | $1,240,000 |
| 2025 | increase in accrued expenses | $52,469 |
| 2025 | total members' equity | $2,536,165 |
| 2025 | total assets | $6,210,135 |
| 2025 | class a | -$333,983 |
| 2025 | other income interest income | $42,759 |
| 2025 | increase in accounts payable | $76,947 |
| 2025 | cash | $3,452,134 |
| 2025 | total current assets | $4,738,273 |
| 2025 | right-of-use asset | $1,294,368 |
| 2025 | deposits | $83,625 |
| 2025 | accounts payable | $77,747 |
| 2025 | accrued wages | $52,469 |
| 2025 | deferred franchise fee | $2,240,000 |
| 2025 | lease liability | $85,489 |
| 2025 | total current liabilities | $2,455,705 |
| 2025 | long-term liabilities lease liability | $1,218,265 |
| 2025 | total liabilities | $3,673,970 |
| 2025 | class c | $3,069,606 |
| 2025 | total liabilities and members' equity | $6,210,135 |
| 2025 | general and administrative expenses | $1,747,488 |
| 2025 | operating loss | -$1,747,488 |
| 2025 | loss before provision for income taxes | -$1,704,729 |
| 2025 | provision for income taxes | $800 |
| 2025 | net loss | -$1,705,529 |
| 2025 | increase in accounts receivable | -$1,240,000 |
| 2025 | decrease in rou asset | $42,854 |
| 2025 | increase in other assets | -$129,764 |
| 2025 | increase in deferred revenue | $2,240,000 |
| 2025 | net cash used by operating activities | -$657,646 |
| 2025 | cash flows from investing activities purchase of fixed assets | -$29,317 |
| 2025 | cash flows from financing activities payments on lease liability | -$33,469 |
| 2025 | net cash provided by financing activities | $3,377,531 |
| 2025 | net increase in cash and cash equivalents | $2,690,568 |
| 2025 | cash and cash equivalents, beginning | $761,566 |
| 2025 | supplemental disclosures of cash flow information cash paid for income taxes | $800 |
| — | property and equipment, net | $28,602 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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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
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.