Question 1

Is Mike’s Red Tacos or PJ’s Coffee of New Orleans cheaper to open?

Accepted Answer

Mike’s Red Tacos costs $639,800–$1,988,000 and PJ’s Coffee of New Orleans costs $915,000–$1,698,000 to open (FDD Item 7). Mike’s Red Tacos has the lower entry cost.

Question 2

Which earns more, Mike’s Red Tacos or PJ’s Coffee of New Orleans?

Accepted Answer

Mike’s Red Tacos reports $2,963,621 average annual unit revenue vs $589,674 for PJ’s Coffee of New Orleans (FDD Item 19). Mike’s Red Tacos is higher. For Mike’s Red Tacos: Company-owned outlets only - not franchisee performance; Based on a single outlet - not a system average.

Question 3

Which is the better franchise, Mike’s Red Tacos or PJ’s Coffee of New Orleans?

Accepted Answer

FranchiseVerdict grades Mike’s Red Tacos C and PJ’s Coffee of New Orleans A, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Metric	Mike’s Red Tacos	PJ’s Coffee of New Orleans
Verdict Grade	CAverageAverage	AStrongest tierStrongest tier
Investment Range	$640K – $2.0M	$915K – $1.7M
Franchise Fee	$40K	$40K
Royalty Rate	5.0%	5.0%
Average Revenue (Item 19)	$3.0MCompany-owned only · n=1	$590K
SBA Charge-Off Rate	N/A	0.0% (70 loans)
Total Units	2	182
Unit Growth (YoY)	N/A	N/A
Year Began Franchising	2025	2008
FDD Year	2025	2025

Mike’s Red Tacos vs PJ’s Coffee of New Orleans