Franchise Facts Report → brands → Mike's Red Tacos
Mike's Red Tacos franchise — is it worth it?
Medium risk Stable network Item 19 disclosed
Mike's Red Tacos is a quick-service restaurant concept with a substantial initial investment range of $639,800 to $1,988,000.
Everything below is free, read straight off Mike's Red Tacos's registered filing, with where the numbers land against quick-service restaurant peers. Weighing Mike's Red Tacos against other options? Get a free shortlist of franchises that fit your budget.
Figures above are as disclosed in Mike's Red Tacos's most recent FDD (registered 2026). Source: Wisconsin Dept. of Financial Institutions — Franchise Registration · filing 641254 — check it yourself. See every other Wisconsin-registered franchise.
Considering Mike's Red Tacos? See what else fits your budget
Tell us your budget and the industries you're open to. We'll match you with 5–10 franchises whose own FDDs fit — ranked by earnings disclosure, growth and closure rate — and email you the list. Mike's Red Tacos will be on it if it fits.
How much does a Mike's Red Tacos franchise make?
Mike's Red Tacos is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure did not machine-read cleanly from this filing, so we don't print one; Item 19 of the source FDD has the tables. See every quick-service restaurant brand that discloses earnings in the Fast food & quick-service restaurant franchises with disclosed Item 19 earnings ranking.
Mike's Red Tacos franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Mike's Red Tacos's 5% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Mike's Red Tacos franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Mike's Red Tacos franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure.
Mike's Red Tacos lawsuits & legal history (FDD Item 3)
Mike's Red Tacos's most recently filed Franchise Disclosure Document (2026) discloses no litigation in Item 3. That is a real signal rather than a gap: the FTC Franchise Rule requires a franchisor to disclose material litigation involving itself, its predecessors, parents, affiliates and management, so an empty Item 3 in a current filing means there was nothing it was required to report. It is worth reading alongside the churn numbers — a system can have a clean Item 3 and still be losing franchisees, which is what Item 20 shows.
Mike's Red Tacos closures & failure rate
Before you sign, Mike's Red Tacos will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Mike's Red Tacos's most recent filing shows, and whether it's normal for a quick-service restaurant of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Mike's Red Tacos's latest tables show a stable franchised network.
Who owns Mike's Red Tacos?
Mike's Red Tacos's franchise is offered by Mike's Red Tacos Franchise Co, LLC — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2026), and the entity a franchisee actually signs with. That name comes straight off the filing at WI DFI; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Quick-service restaurant franchises at a similar investment level
Anyone weighing Mike's Red Tacos is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Mike's Red Tacos franchise — frequently asked
Who owns Mike's Red Tacos — who is the franchisor?
Mike's Red Tacos's most recently filed FDD (2026) names Mike's Red Tacos Franchise Co, LLC as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Mike's Red Tacos franchise cost?
Mike's Red Tacos's most recently filed FDD (Item 7) puts the total estimated initial investment at $639,800 – $1,988,000 and a 5% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. Against quick-service restaurant peers it sits in the bottom quartile (median $604,609).
How much profit does a Mike's Red Tacos franchise make?
Mike's Red Tacos discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (5% of gross for Mike's Red Tacos), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Mike's Red Tacos franchise profit number quoted elsewhere is an estimate.
Does Mike's Red Tacos disclose financial performance (Item 19)?
Yes — Mike's Red Tacos reports unit-level earnings in Item 19. The headline figure did not machine-read cleanly, so check Item 19 of the source FDD for the numbers.
Are there lawsuits against Mike's Red Tacos?
No — Mike's Red Tacos's most recently filed FDD (2026) discloses no litigation in Item 3. Franchisors must disclose material litigation involving themselves, their predecessors, parents, affiliates and management, so an empty Item 3 is a genuine signal rather than an omission.
Is Mike's Red Tacos a good franchise to buy?
Nobody can answer that from Mike's Red Tacos's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against quick-service restaurant peers and against your own budget. Our read on this filing is medium risk. Every figure behind that read is on this page for free. If you're comparing options, the free shortlist on this page matches you with 5–10 franchises that fit your budget and industry.
Get a free email when something changes on Mike's Red Tacos or quick-service restaurant: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same state registries this page is built on.