Franchise opportunities compared
Mikes Red Tacos 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
Mikes Red Tacos
$594,550 – $1,988,000
2026 FDD · Item 7Subway
$227,000 – $458,000
2026 FDD · Item 7Initial franchise fee · Item 5
Mikes Red Tacos
Not available
Subway
$15,000
2026 FDD · Item 5 · PDF p. 29Royalty · Item 6
Mikes Red Tacos
3%
2026 FDD · Item 6 · PDF p. 14Subway
8%
2026 FDD · Item 6 · PDF p. 36Before you compare
- Both sets of figures come from 2026 FDDs.
- Mikes Red Tacos and Subway disclose more than one business format, so the investment range spans formats; the full report breaks them out.
- Only Mikes Red Tacos has reviewed Item 19 figures here.
Financial commitment
Mikes Red Tacos
SubwayMikes Red Tacos
Subway
Mikes Red Tacos
Subway
Mikes Red Tacos
Subway
Mikes Red Tacos
Subway
System scale & health
Mikes Red TacosSubwayMikes Red Tacos
Subway
Mikes Red Tacos
Subway
Mikes Red Tacos
Subway
Mikes Red Tacos
Subway
Mikes Red Tacos
Subway
Financial performance (Item 19), by location group
Mikes Red TacosSubwayNot 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.
Mikes Red Tacos vs Subway: common questions
- Which costs less to open, Mikes Red Tacos or Subway?
- Mikes Red Tacos: $594,550 – $1,988,000 (2026 FDD · Item 7); 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 Mikes Red Tacos and Subway royalties compare?
- Mikes Red Tacos: 3% (2026 FDD · Item 6 · PDF p. 14); 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, Mikes Red Tacos or Subway?
- Mikes Red Tacos: 2 (2026 FDD · Item 20 · PDF p. 65); 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 Mikes Red Tacos and Subway disclose financial performance (Item 19)?
- Mikes Red Tacos has reviewed Item 19 figures for 2 location groups; 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.
Keep researching
Full Mikes Red Tacos report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full Subway report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
