Franchise opportunities compared

    Mike’s Red Tacos Restaurant ( s ) vs Subway

    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

    Mike’s Red Tacos Restaurant ( s )

    $619,800 – $1,953,000

    2025 FDD · Item 7 · PDF p. 22

    Subway

    $227,000 – $458,000

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Mike’s Red Tacos Restaurant ( s )

    $40,000

    2025 FDD · Item 5 · PDF p. 11

    Subway

    $15,000

    2026 FDD · Item 5 · PDF p. 29

    Royalty · Item 6

    Mike’s Red Tacos Restaurant ( s )

    5%

    2025 FDD · Item 6 · PDF p. 13

    Subway

    8%

    2026 FDD · Item 6 · PDF p. 36

    Before you compare

    • Mike’s Red Tacos Restaurant ( s ) figures come from its 2025 FDD and Subway figures from its 2026 FDD, so the years differ.
    • Subway 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

    Estimated initial investment (Item 7)

    Mike’s Red Tacos Restaurant ( s )

    $619,800 – $1,953,000
    Total Estimated Initial Investment
    2025 FDD · Item 7 · PDF p. 22

    Subway

    $227,000 – $458,000
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Mike’s Red Tacos Restaurant ( s )

    $40,000
    2025 FDD · Item 5 · PDF p. 11

    Subway

    $15,000
    2026 FDD · Item 5 · PDF p. 29
    Royalty (Item 6)

    Mike’s Red Tacos Restaurant ( s )

    5%
    Continuing royalty
    2025 FDD · Item 6 · PDF p. 13

    Subway

    8%
    Royalty fee
    2026 FDD · Item 6 · PDF p. 36
    Brand / advertising fund (Item 6)

    Mike’s Red Tacos Restaurant ( s )

    $170
    Technology, operations and marketing fee
    2025 FDD · Item 6 · PDF p. 12

    Subway

    4.5%
    Advertising fee — 4.5%
    2026 FDD · Item 6 · PDF p. 36

    System scale & health

    Total outlets (Item 20)

    Mike’s Red Tacos Restaurant ( s )

    2
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 59

    Subway

    18,773
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 94
    Net outlet change (Item 20)

    Mike’s Red Tacos Restaurant ( s )

    +1
    Calculated: 1 at end of 2022 → 2 at end of 2024

    Subway

    −1,360
    Calculated: 20,133 at end of 2023 → 18,773 at end of 2025
    Outlet exits (Item 20)

    Mike’s Red Tacos Restaurant ( s )

    Not available
    No complete exit records for a year

    Subway

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

    Mike’s Red Tacos Restaurant ( s )

    Not available
    Not in reviewed records

    Subway

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

    Mike’s Red Tacos Restaurant ( s )

    Not available
    Not in reviewed records

    Subway

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    MRMike’s Red Tacos Restaurant ( s )
    Locations counted not stated in the reviewed record
    $2,963,621
    other Gross Sales
    2025 FDD · Item 19 · PDF p. 58
    Subway

    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.

    Mike’s Red Tacos Restaurant ( s ) vs Subway: common questions

    Which costs less to open, Mike’s Red Tacos Restaurant ( s ) or Subway?
    Mike’s Red Tacos Restaurant ( s ): $619,800 – $1,953,000 (2025 FDD · Item 7 · PDF p. 22); Subway: $227,000 – $458,000 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Subway. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Mike’s Red Tacos Restaurant ( s ) and Subway royalties compare?
    Mike’s Red Tacos Restaurant ( s ): 5% (2025 FDD · Item 6 · PDF p. 13); Subway: 8% (2026 FDD · Item 6 · PDF p. 36). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Mike’s Red Tacos Restaurant ( s ) or Subway?
    Mike’s Red Tacos Restaurant ( s ): 2 (2025 FDD · Item 20 · PDF p. 59); Subway: 18,773 (2026 FDD · Item 20 · PDF p. 94). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Mike’s Red Tacos Restaurant ( s ) and Subway disclose financial performance (Item 19)?
    Mike’s Red Tacos Restaurant ( s ) has reviewed Item 19 figures for 1 location group; Subway 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

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