About Mike's Red Tacos Franchise
Mike's Red Tacos is a fast casual restaurant franchise specializing in Baja style birria tacos and Mexican street food.
The brand has built a passionate following for its signature red tacos, featuring slow cooked, seasoned beef in a crispy tortilla served with rich consomme for dipping.
The concept brings the vibrant flavors of Tijuana street food culture to a franchise restaurant format.
Mike's Red Tacos Franchise Cost & Fees
Minimum Investment
$640K
Average Investment
$1.3M
Maximum Investment
$2.0M
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $40,000 | One-time payment upon signing |
| Royalty Fee | N/A | Ongoing; paid monthly |
| Total Investment Range | $639,800 – $1,988,000 | Includes build-out, inventory, working capital |
The investment range of $640K–$2.0M reflects variability in build-out costs, store size, lease terms, and market.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT Amount Method of | $40,000 | $40,000 |
| sign your Franchise Agreement Architect / | $14,000 | $50,000 |
| suppliers Business Licenses | $1,000 | $30,000 |
| As incurred As invoiced Approved and Permits suppliers and government agencies C | $275,000 | $875,000 |
| As incurred As invoiced Approved suppliers Furniture, Fixtures | $11,500 | $100,000 |
| suppliers Smallwares | $11,000 | $18,000 |
| As incurred As invoiced Approved suppliers Graphics and | $30,000 | $70,000 |
| suppliers Grand Opening Kit, | $12,500 | $15,000 |
| suppliers Drive-Thru, Loop | $0 | $35,000 |
| Computer Equipment | $13,500 | $40,000 |
| Amount Method of Type of Expenditure When Due To Whom Paid Low High Payment Offi | $1,000 | $3,000 |
| As incurred As invoiced Approved suppliers Uniforms | $1,500 | $5,000 |
| As incurred As invoiced Approved suppliers Initial Inventory and | $20,000 | $50,000 |
| As incurred As invoiced Insurance carrier Pre-Opening Rent | $5,000 | $20,000 |
| As incurred As invoiced Providers of travel, lodging, and food services New Rest | $0 | $15,000 |
| Opening Pre-Opening Labor | $15,000 | $40,000 |
| As incurred As incurred Employees Expense Pre-Opening/Grand | $10,000 | $12,000 |
| Miscellaneous | $1,000 | $20,000 |
| As incurred As invoiced Approved Opening Costs suppliers Professional Fees | $1,000 | $15,000 |
| approximately | $900 | $1,500 |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Franchisor does not offer financing. |
Mike's Red Tacos Franchise Earnings — Item 19
Average Revenue
$3.0M
Revenue Range
$3.0M – $3.0M
Past financial performance does not guarantee future results. Individual results will vary.
Mike's Red Tacos Litigation & Risk Flags
Clean Litigation RecordMike's Red Tacos has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Mike's Red Tacos System Growth
Total Units
8
Franchised
0
Company-Owned
8
Mike's Red Tacos currently operates 0 franchised locations and 8 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Mike's Red Tacos Franchise — FAQ
The total investment to open a Mike's Red Tacos franchise ranges from $639,800 to $1,988,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $40,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Mike's Red Tacos charges a royalty fee of N/A of gross sales. These fees are paid on an ongoing basis.
You can download the Mike's Red Tacos Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Mike's Red Tacos to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Mike's Red Tacos franchise owners report average revenue of $3.0M. Past performance does not guarantee future results.
Mike's Red Tacos has been offering franchise opportunities. The FDD shows an investment range of $639,800-$1,988,000, a N/A royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $40,000 and the total investment ranges from $639,800 to $1,988,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Mike's Red Tacos and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Mike's Red Tacos or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com