Milio's
Milio’s franchises operate quick-service restaurants specializing in a wide variety of sandwiches, wraps, other products, and beverages, prepared according to specified recipes and standards. Franchisees offer carry-out dining, with options for on-premises dining, delivery, and potentially drive-thru services, under the MILIO’S brand. The business model involves granting franchise rights to operate these restaurants, targeting customers seeking fresh, fast-casual sandwich options.
Franchise Costs
6% royalty + 3.5%-5% marketing fund + $300-$395/mo POS system + approx. $625-$767/mo insurance + $67-$125/mo computer maintenance.
Financial Performance
Item 19 Financial Performance
Data Based On: 6 franchised restaurants that were open and operating for the full 2024 Reporting Period, all located in strip mall locations.
* Gross Margin is provided, which is defined as Gross profit remaining after deduction of cost of sales and before any variable or fixed expenses. Based on the prompt's strict definition rules, this is not 'Net Profit', 'Net Income', or 'EBITDA'. However, to provide 'best_guess_profit_low' and 'best_guess_profit_high', the average Gross Sales ($593,126) was multiplied by the reported low (68.85%) and high (75.24%) Gross Margin percentages from the table: ($593,126 * 0.6885) = $408,367.25 and ($593,126 * 0.7524) = $446,268.00.
Extracted Item 19 Section
How Milio's Compares
Key Insights
- One of the lowest investment costs in Fast Casual (ranked #2 of 107)
- Lower than average SBA loan default rate in Fast Casual
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Milio's Current | $108K – $393K | $15K | 6.0% | 7 |
| Tropical Smoothie Cafe | $300K – $721K | $35K | 6.0% | 1,371 |
| TROPICAL SMOOTHIE CAFÉ | $300K – $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $379K – $1.4M | $20K | 6.0% | 1,248 |
| Zaxby's | $1.4M – $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K – $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $532K – $1.2M | $39K | 5.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Milio's franchisees (2010 – 2019)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
5 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
5 Contacts Available
Unlock all Milio's franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Milio's franchise ranges from $108,350 to $393,000. This includes a franchise fee of $15,000. Ongoing royalty fees are 6.0% of gross sales.
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