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    Franchise opportunities compared

    MGM Wine & Spirits vs Miniso

    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.

    MGM Wine & Spirits2026 FDDMiniso2026 FDD

    Initial investment · Item 7

    MGM Wine & Spirits

    $532,000 – $2,215,000

    2026 FDD · Item 7 · PDF p. 13 · printed p. 8

    Miniso

    $200,000 – $905,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    MGM Wine & Spirits

    Not available

    Miniso

    Not available

    Royalty · Item 6

    MGM Wine & Spirits

    Not available

    Miniso

    Not available

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Miniso discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only MGM Wine & Spirits has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    MGM Wine & Spirits

    $532,000 – $2,215,000
    5000 square-foot store — Total initial investment: $532,000-$1,042,000
    2026 FDD · Item 7 · PDF p. 13 · printed p. 8

    Miniso

    $200,000 – $905,000
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    MGM Wine & Spirits

    Not available
    No single standard fee identified

    Miniso

    Not available
    No single standard fee identified
    Royalty (Item 6)

    MGM Wine & Spirits

    Not available
    No reviewed royalty record

    Miniso

    Not available
    No reviewed royalty record
    Brand / advertising fund (Item 6)

    MGM Wine & Spirits

    2%
    Advertising/marketing contribution may increase up to 2% of Gross Receipts — 2%
    2026 FDD · Item 6 · PDF p. 9 · printed p. 4

    Miniso

    2%
    Amarketingfundcap ifestablished — 2%
    2026 FDD · Item 6 · PDF p. 12

    System scale & health

    Total outlets (Item 20)

    MGM Wine & Spirits

    25
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 33 · printed p. 28

    Miniso

    351
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 56
    Net outlet change (Item 20)

    MGM Wine & Spirits

    −2
    Calculated: 27 at end of 2023 → 25 at end of 2025

    Miniso

    +231
    Calculated: 120 at end of 2023 → 351 at end of 2025
    Outlet exits (Item 20)

    MGM Wine & Spirits

    Not available
    No complete exit records for a year

    Miniso

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    MGM Wine & Spirits

    Not available
    Not in reviewed records

    Miniso

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    MGM Wine & Spirits

    Not available
    Not in reviewed records

    Miniso

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    MGM Wine & Spirits
    Locations counted not stated in the reviewed record — Franchised Smaller Stores in the stated square-footage group that operated the…
    $3,264,408
    other Small4000–6000sqft
    2026 FDD · Item 19 · PDF p. 31 · printed p. 26
    Locations counted not stated in the reviewed record — Franchised Mid-Size Stores in the stated square-footage group that operated the…
    16.67 percent
    other Midsize
    2026 FDD · Item 19 · PDF p. 31 · printed p. 26
    Locations counted not stated in the reviewed record — Franchised Mid-Size Stores between 6,300 and 8,000 square feet that operated th…
    $1,232,861
    other Midsize6300–8000sqft
    2026 FDD · Item 19 · PDF p. 31 · printed p. 26
    +4 more groups in the full report
    Miniso

    Not 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.

    MGM Wine & Spirits vs Miniso: common questions

    Which costs less to open, MGM Wine & Spirits or Miniso?
    MGM Wine & Spirits: $532,000 – $2,215,000 (2026 FDD · Item 7 · PDF p. 13 · printed p. 8); Miniso: $200,000 – $905,000 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Miniso. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, MGM Wine & Spirits or Miniso?
    MGM Wine & Spirits: 25 (2026 FDD · Item 20 · PDF p. 33 · printed p. 28); Miniso: 351 (2026 FDD · Item 20 · PDF p. 56). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do MGM Wine & Spirits and Miniso disclose financial performance (Item 19)?
    MGM Wine & Spirits has reviewed Item 19 figures for 7 location groups; Miniso makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full MGM Wine & Spirits report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Miniso report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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