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Mike's Red Tacos
Mike’s Red Tacos operates fast-casual restaurants featuring a birria-inspired menu of street-style tacos and other Mexican foods including burritos, quesadillas, nachos, loaded fries, and ramen, with carry-out, dine-in, and online ordering options. The franchisor primarily offers area development franchises requiring a minimum of three restaurants in designated areas, though single-unit franchises may be available for non-traditional locations. Their business model targets the general public in retail strip malls, urban areas, shopping centers, and entertainment venues.
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Franchise Costs
5% royalty + 3% ad fund + $470-$1300/mo fixed fees
Financial Performance
Item 19 Financial Performance
Data Based On: Two affiliate-owned locations (company-owned) open for at least one year as of December 31, 2025.
* The average gross revenue was calculated from the gross sales of two affiliate (company-owned) locations provided in Table 1: ($3,328,866 + $3,775,315) / 2 = $3,552,090.5. No information regarding costs, operating expenses, or profit margins was provided, so profit estimates and other financial metrics are null.
Extracted Item 19 Section
Avg. Revenue: $3,552,091
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Unlock financial performance dataHow Mike's Red Tacos Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Mike's Red Tacos Current | $640K – $2.0M | $40K | 5.0% | 0 |
| Tropical Smoothie Cafe | $276K – $771K | $35K | 6.0% | 1,650 |
| TROPICAL SMOOTHIE CAFÉ | $300K – $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $405K – $1.6M | $20K | 6.0% | 1,249 |
| Zaxby's | $1.4M – $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K – $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 112 franchises | $521K – $1.2M | $38K | 5.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 112 Fast Casual franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
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Unlock location growth dataFranchisee Contacts
13 franchisee contacts on file from official FDD filings.
13 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a Mike's Red Tacos franchise ranges from $639,800 to $1,988,000. This includes a franchise fee of $40,000. Ongoing royalty fees are 5.0% of gross sales.
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