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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 3.5%-5% marketing fund + $300-$395/mo POS system + approx. $625-$767/mo insurance + $67-$125/mo computer maintenance.
Franchise Stats
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 to Other Fast Casual Franchises
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 Range | Franchise 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Milio's franchise?
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.
How much revenue does a Milio's franchise make?
According to the 2025 FDD, the average gross revenue for a Milio's franchise is $593,126. The median revenue is $617,793.
How much profit can you make with a Milio's franchise?
Based on the financial performance data in the FDD, estimated profit for a Milio's franchise ranges from $408,367.25 to $446,268 per year. Actual results vary based on location, management, and market conditions.
How many Milio's franchise locations are there?
As of the 2025 FDD, Milio's has 7 franchise locations. The company has been franchising since 2023.
Can you get an SBA loan for a Milio's franchise?
Yes, SBA loans are available for Milio's franchises. Historical data shows 9 SBA 7(a) loans have been approved for Milio's franchisees, with an average loan amount of $209,122. The historical default rate is 22.2%.
Is Milio's a good franchise to buy?
Milio's shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Milio's?
Talk to a franchise advisor to get personalized guidance and learn if Milio's is the right fit for you.
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