Mike’s Red Tacos franchise
A Mike’s Red Tacos franchisee operates a taco restaurant. At the end of 2025 there were 2 Mike’s Red Tacos locations in the US, all company-owned.
- Cost to open
- $640K–$1.99M
- Franchise fee
- $40,000
- Royalty
- 5%
- Locations, 2025
- 20 in 3 yrs
Compare with similar brands Estimate your costs
Company snapshot
- SBA loans
- Not on the SBA Franchise Directory
From Mike's Red Tacos Franchising Co, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Mike’s Red Tacos franchise costs
Opening one traditional restaurant costs an estimated $639,800 to $1,988,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Mike's Red Tacos Franchising Co, LLC, 2026 filing, page 25
Mike’s Red Tacos franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Mike's Red Tacos Franchising Co, LLC, 2026 filing, page 12
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid weekly. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Mike's Red Tacos Franchising Co, LLC, 2026 filing, page 14
Sales and earnings
Shares figures Mike’s Red Tacos publishes sales or earnings figures for its locations: historical results of two affiliate-owned restaurants; excludes franchise royalties and Creative Fund contributions. The full tables, with notes on which locations are counted, are in its filing.
Source: Mike's Red Tacos Franchising Co, LLC, 2026 filing, page 63
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 0 (0) | 1 | 0 |
| 2024 | 0 (0) | 2 | 0 |
| 2025 | 0 (0) | 2 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: Mike's Red Tacos Franchising Co, LLC, 2026 filing, page 65
How Mike’s Red Tacos compares
Of the 126 restaurant franchises on this site, Mike’s Red Tacos is the 79th cheapest to open and the 123rd largest by number of locations.
| Measure | Mike’s Red Tacos | Typical restaurant |
|---|---|---|
| Cost to open, low end | $640K | $484K |
| Royalty | 5% | 5% |
| Shares earnings figures | Yes | 92 of 126 |
Typical is the median across the 126 brands in restaurant franchises.
