Quick Verdict · who it fits
Mike's Red Tacos Franchise Co, LLC fits first-time franchise buyers looking for an emerging food & beverage concept.
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$640K - $2.0M
Franchise fee (Item 5)
$40K
Royalty (Item 6)
5% + 3% ad
Years in business
2+ yrs
Company-owned units
2
Item 3 litigation
None disclosed
Buyer qualifications
•No exclusive territory•Owner-operator required✓No bankruptcy disclosed✓No Item 3 litigation
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
Drag to your projected annual sales. Royalty 5% + ad fund 3% on gross sales.
PROJECTED ANNUAL SALES$2,960,000
$100k$5.4M
Royalty (5%)
—
Ad fund (3%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
Free AI summary — the first read on the filing.
2
Total units open
0
Units opened last year
0
Units closed last year
0
Net unit growth
What our analysis flagged across the 2026 filing.
5
Risks to review
3
Strengths identified
4
Questions to ask
How Mike's Red Tacos ranks against 607 Food & Beverage peers we've analyzed.
Initial investment
79th pct · of 607 peers
Franchise fee
57th pct · of 607 peers
System size
0th pct · of 607 peers
Food & Beverage industry averages
Avg investment
$460K - $1.5M
Avg franchise fee
$43K
Avg system size
322
Franchises analyzed
607
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Mike's Red Tacos | Disclosed | $40K | $640K - $2.0M | 5% | 0 |
| Mty Franchising USASimilar price | Disclosed | $35K | $712K - $2.0M | 6% | 6 |
| Doctor's AssociatesBiggest system | Disclosed | $15K | $227K - $630K | 8% | 18,773 |
| Vintage Hospitality GroupTop-rated in category | Disclosed | $50K | $3.5M - $6.4M | 5.5% | 33 |
Free explainers to go deeper before you sign.
Mike's Red Tacos Franchise Co, LLC requires a $40,000 initial franchise fee and a total initial investment range of $639,800–$1,988,000, per the most recent FDD on file.
Yes. Mike's Red Tacos Franchise Co, LLC discloses Item 19 financial performance representations in its FDD. See the financials sub-page for the disclosed figures.
Franchisees pay a royalty of 5% and an advertising fund contribution of 3% on gross sales as defined in Item 6 of the FDD.
No. Mike's Red Tacos Franchise Co, LLC does not grant exclusive territory rights under Item 12. The franchisor retains the right to operate or grant additional units inside or adjacent to your trade area.
This page is part of VetMyFranchise. View all pages: llms.txt · llms-full.txt