Schlotzsky’s vs Mike’s Red Tacos
Franchise Comparison 2026
Both Schlotzsky’s and Mike’s Red Tacos are quick-service restaurants franchises. Schlotzsky’s requires an investment of $648K – $2.0M while Mike’s Red Tacos requires $640K – $2.0M. In terms of revenue, Mike’s Red Tacos reports higher average unit revenue at $3.0M. Note: Company-owned outlets only - not franchisee performance; Based on a single outlet - not a system average. Schlotzsky’s has SBA lending data on file with a 20.6% charge-off rate. FranchiseVerdict rates Schlotzsky’s B (Above average) and Mike’s Red Tacos C (Average).
| Metric | Schlotzsky’s | Mike’s Red Tacos |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | CAverageAverage |
| Investment Range | $648K – $2.0M | $640K – $2.0M |
| Franchise Fee | $36K | $40K |
| Royalty Rate | 6.0% | 5.0% |
| Average Revenue (Item 19) | $1.1M | $3.0MCompany-owned only · n=1 |
| SBA Charge-Off Rate | 20.6% (533 loans) | N/A |
| Total Units | 308 | 2 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2017 | 2025 |
| FDD Year | 2025 | 2025 |
Investment Range
$648K – $2.0M
$640K – $2.0M
Franchise Fee
$36K
$40K
Royalty Rate
6.0%
5.0%
Average Revenue (Item 19)
$1.1M
$3.0MCompany-owned only · n=1
SBA Charge-Off Rate
20.6% (533 loans)
N/A
Total Units
308
2
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2017
2025
FDD Year
2025
2025