Franchise opportunities compared
Five Guys vs Mike’s Red Tacos Restaurant ( s )
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Initial investment · Item 7
Five Guys
$52,100 – $927,850
2026 FDD · Item 7Mike’s Red Tacos Restaurant ( s )
$619,800 – $1,953,000
2025 FDD · Item 7 · PDF p. 22Initial franchise fee · Item 5
Five Guys
$25,000
2026 FDD · Item 5 · PDF p. 15Mike’s Red Tacos Restaurant ( s )
$40,000
2025 FDD · Item 5 · PDF p. 11Royalty · Item 6
Five Guys
8%
2026 FDD · Item 6 · PDF p. 16Mike’s Red Tacos Restaurant ( s )
5%
2025 FDD · Item 6 · PDF p. 13Before you compare
- Five Guys figures come from its 2026 FDD and Mike’s Red Tacos Restaurant ( s ) figures from its 2025 FDD, so the years differ.
- Five Guys discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Only Mike’s Red Tacos Restaurant ( s ) has reviewed Item 19 figures here.
Financial commitment
Five GuysFive Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
System scale & health
Five GuysFive Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Five Guys
Mike’s Red Tacos Restaurant ( s )
Financial performance (Item 19), by location group
Five GuysNot disclosed — no Item 19 financial performance representation
Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Five Guys vs Mike’s Red Tacos Restaurant ( s ): common questions
- Which costs less to open, Five Guys or Mike’s Red Tacos Restaurant ( s )?
- Five Guys: $52,100 – $927,850 (2026 FDD · Item 7); Mike’s Red Tacos Restaurant ( s ): $619,800 – $1,953,000 (2025 FDD · Item 7 · PDF p. 22). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Five Guys. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- How do Five Guys and Mike’s Red Tacos Restaurant ( s ) royalties compare?
- Five Guys: 8% (2026 FDD · Item 6 · PDF p. 16); Mike’s Red Tacos Restaurant ( s ): 5% (2025 FDD · Item 6 · PDF p. 13). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Which has more locations, Five Guys or Mike’s Red Tacos Restaurant ( s )?
- Five Guys: 1,583 (2026 FDD · Item 20 · PDF p. 54); Mike’s Red Tacos Restaurant ( s ): 2 (2025 FDD · Item 20 · PDF p. 59). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Five Guys and Mike’s Red Tacos Restaurant ( s ) disclose financial performance (Item 19)?
- Five Guys makes no Item 19 financial performance representation; Mike’s Red Tacos Restaurant ( s ) has reviewed Item 19 figures for 1 location group. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.
Keep researching
Full Five Guys report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full Mike’s Red Tacos Restaurant ( s ) report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
