Question 1

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

Accepted Answer

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

Question 2

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

Accepted Answer

PJ’s Coffee of New Orleans reports $589,674 average annual unit revenue vs $2,963,621 for Mike’s Red Tacos (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, PJ’s Coffee of New Orleans or Mike’s Red Tacos?

Accepted Answer

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

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

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