Franchise opportunities compared
Miniso vs MN Filing 36122-202604-07
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.
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 MN Filing 36122-202604-07 has reviewed Item 19 figures here.
| Disclosure |  Miniso | MFMN Filing 36122-202604-07 |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $200,000 – $905,000 2026 FDD · Item 7 | $67,365 Total initial investment low 2026 FDD · Item 7 · PDF p. 21 |
| Standard initial franchise fee (Item 5) | Not available No single standard fee identified | $24,900 2026 FDD · Item 5 · PDF p. 12 |
| Royalty (Item 6) | Not available No reviewed royalty record | 3% Royalty fee current 2026 FDD · Item 6 · PDF p. 14 |
| Brand / advertising fund (Item 6) | 2% Amarketingfundcap ifestablished — 2% 2026 FDD · Item 6 · PDF p. 12 | $1,750 Marketing fund installment after spring event 2026 FDD · Item 6 · PDF p. 19 |
| System scale & health | ||
| Total outlets (Item 20) | 351 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 56 | 151 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 62 |
| Net outlet change (Item 20) | +231 Calculated: 120 at end of 2023 → 351 at end of 2025 | −9 Calculated: 160 at end of 2023 → 151 at end of 2025 |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Not disclosed — no Item 19 financial performance representation | Locations counted not stated in the reviewed record — 2024 Second Quadrant franchise units; gross sales during 2024 $326,384 other 2024 average gross sales · 2026 FDD · Item 19 · PDF p. 60 Locations counted not stated in the reviewed record — 2024 Top Quadrant franchise units; gross sales during 2024 $907,000 other 2024 average gross sales · 2026 FDD · Item 19 · PDF p. 60 Locations counted not stated in the reviewed record — 2025 Second Quadrant franchise units; gross sales during 2025 $381,897 other 2025 average gross sales · 2026 FDD · Item 19 · PDF p. 60 +9 more groups in the full report |
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.
Miniso vs MN Filing 36122-202604-07: common questions
- Which costs less to open, Miniso or MN Filing 36122-202604-07?
- Miniso: $200,000 – $905,000 (2026 FDD · Item 7); MN Filing 36122-202604-07: $67,365 (2026 FDD · Item 7 · PDF p. 21). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for MN Filing 36122-202604-07. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- Which has more locations, Miniso or MN Filing 36122-202604-07?
- Miniso: 351 (2026 FDD · Item 20 · PDF p. 56); MN Filing 36122-202604-07: 151 (2026 FDD · Item 20 · PDF p. 62). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Miniso and MN Filing 36122-202604-07 disclose financial performance (Item 19)?
- Miniso makes no Item 19 financial performance representation; MN Filing 36122-202604-07 has reviewed Item 19 figures for 12 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.