Mike's Red Tacos franchise: cost, fees and total investment
Short answer: The Mike's Red Tacos franchise fee is $40,000 and the total initial investment ranges from $521,400 to $864,700, with about $120,000 in liquid cash required, based on franchise disclosure data compiled in October 2026. Confirm current figures in Items 5 and 7 of the Mike's Red Tacos FDD.
What are the Mike's Red Tacos franchise fees and investment?
The Mike's Red Tacos franchise requires a franchise fee of $40,000 and a total initial investment of $521,400 to $864,700. The franchise fee is one line inside the total investment, which also covers location, equipment, opening inventory and working capital.
| Franchise fee (FDD Item 5) | $40,000 |
|---|---|
| Total initial investment (FDD Item 7) | $521,400 to $864,700 |
| Minimum liquid cash | $120,000 |
| US locations | Not reported |
| Industry | Food & Restaurant (Taco Chains) |
| Headquarters | Pasadena, California |
| Founded | 2022 |
| Franchising since | 2025 |
How does the Mike's Red Tacos investment compare with other food & restaurant franchises?
Mike's Red Tacos's minimum investment of $521,400 is above the median minimum investment of $297,082 across the 1213 food & restaurant franchises in the SelectFranchiseList database. 310 of the other 1211 brands in this industry start at a higher investment. Its franchise fee starting at $40,000 compares with an industry median of $35,000.
By minimum investment, Mike's Red Tacos belongs with franchises over $500,000.
What should you verify in the Mike's Red Tacos FDD?
Verify six parts of the Mike's Red Tacos Franchise Disclosure Document before you sign, because figures change with every annual FDD:
- Item 5 and Item 6: the current franchise fee, royalty, marketing fund and technology fees.
- Item 7: the full investment range by expense line, including working capital.
- Item 19: whether Mike's Red Tacos discloses financial performance data, and which units it covers.
- Item 20: openings, closures and transfers, plus contacts for current and former franchisees.
- Item 21: the franchisor's audited financial statements.
- Item 12: whether your territory is protected.
The full list of Items is in the FDD guide. You must receive the FDD at least 14 calendar days before you sign a binding agreement or pay any money.
Which franchises are similar to Mike's Red Tacos?
These food & restaurant franchises have the closest minimum investment to Mike's Red Tacos:
| Franchise | Franchise fee | Total investment |
|---|---|---|
| Barberitos | $35,000 | $521,000 to $830,360 |
| Salata Salad Kitchen | $40,000 | $522,000 to $968,500 |
| Pita Jungle | $50,000 | $519,000 to $992,000 |
| Fatburger | $50,000 | $517,300 to $2,656,900 |
| Johnny Rockets | $50,000 | $517,300 to $2,667,900 |
See every brand in food & restaurant franchises.
Frequently asked questions
How much does a Mike's Red Tacos franchise cost?
The total initial investment for a Mike's Red Tacos franchise ranges from $521,400 to $864,700, including a franchise fee of $40,000, according to franchise disclosure data compiled in October 2026. The exact amount depends on location, build-out and working capital, as shown in Item 7 of the FDD.
How much cash do you need to open a Mike's Red Tacos franchise?
Mike's Red Tacos lists a minimum of about $120,000 in liquid cash. Lenders usually finance part of the remaining investment, and the franchisor confirms its capital requirements during qualification.
How many Mike's Red Tacos locations are there?
A current US unit count for Mike's Red Tacos is not reported in our data. Item 20 of the FDD lists the number of franchised and company-owned outlets.
How long has Mike's Red Tacos been franchising?
Mike's Red Tacos started offering franchises in 2025 after the company was founded in 2022.
Figures are compiled from franchise disclosure data and public franchise listings as of October 2026 and may have changed. Mike's Red Tacos and its trademarks belong to their owner; SelectFranchiseList is not affiliated with or endorsed by Mike's Red Tacos. This page is not an offer to sell a franchise. Only the franchisor's current FDD is authoritative.