Mike’s Red Tacos vs Schlotzsky’s
Franchise Comparison 2026
Both Mike’s Red Tacos and Schlotzsky’s are full-service restaurants franchises. Mike’s Red Tacos requires an investment of $640K – $2.0M while Schlotzsky’s requires $648K – $2.0M. Schlotzsky’s discloses average revenue of $1.1M; Mike’s Red Tacos does not report Item 19 data. Schlotzsky’s has SBA lending data on file with a 20.6% charge-off rate. FranchiseVerdict rates Mike’s Red Tacos A (Top Quintile) and Schlotzsky’s B (Above Average).
| Metric | Mike’s Red Tacos | Schlotzsky’s |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | BAbove AverageAbove Average |
| Investment Range | $640K – $2.0M | $648K – $2.0M |
| Franchise Fee | $40K | $36K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | N/A | $1.1M |
| SBA Charge-Off Rate | N/A | 20.6% (533 loans) |
| Total Units | 2 | 308 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2025 | 2017 |
| FDD Year | 2025 | 2025 |
Investment Range
$640K – $2.0M
$648K – $2.0M
Franchise Fee
$40K
$36K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
N/A
$1.1M
SBA Charge-Off Rate
N/A
20.6% (533 loans)
Total Units
2
308
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2025
2017
FDD Year
2025
2025