How much does a Milio's Sandwiches franchise cost?
Opening a Milio's Sandwiches franchise takes a total initial investment of $219,100 to $445,000, according to the brand's 2025 Franchise Disclosure Document. The FDD's Item 19 reports gross sales of $617,793 across 6 outlets.
The brand franchises Milio’s Sandwiches stores. Category: Food & Beverage.
Item 7
What it costs to open a Milio's Sandwiches franchise
The franchisor's own estimated initial investment, as disclosed in its 2025 FDD. The total is $219,100 to $445,000. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Leasehold Improvements ($85,000 to $200,000), Furniture, Fixtures and Equipment ($70,000 to $112,000), and Additional Funds (3-month period) ($13,000 to $30,000). Together they make up about 77% of the high-end estimate.
The initial franchise fee is $15,000 to $26,500, about 6.8% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial Franchise Fee2025 FDD, Item 7, p. 6 | $15,000 | $26,500 | 2025 FDD, Item 7, p. 6 |
| Leasehold Improvements2025 FDD, Item 7, p. 6 | $85,000 | $200,000 | 2025 FDD, Item 7, p. 6 |
| Furniture, Fixtures and Equipment2025 FDD, Item 7, p. 6 | $70,000 | $112,000 | 2025 FDD, Item 7, p. 6 |
| Signage2025 FDD, Item 7, p. 6 | $5,000 | $12,000 | 2025 FDD, Item 7, p. 6 |
| Computer POS System (POS Register)2025 FDD, Item 7, p. 6 | $3,500 | $6,000 | 2025 FDD, Item 7, p. 6 |
| Rent2025 FDD, Item 7, p. 6 | $2,000 | $7,500 | 2025 FDD, Item 7, p. 6 |
| Lease & Utility Security Deposits2025 FDD, Item 7, p. 6 | $0 | $10,000 | 2025 FDD, Item 7, p. 6 |
| Initial Inventory2025 FDD, Item 7, p. 6 | $5,000 | $7,000 | 2025 FDD, Item 7, p. 6 |
| Insurance2025 FDD, Item 7, p. 6 | $2,100 | $2,500 | 2025 FDD, Item 7, p. 6 |
| Training2025 FDD, Item 7, p. 6 | $7,500 | $9,500 | 2025 FDD, Item 7, p. 6 |
| Grand Opening Advertising/ | $2,500 | $5,000 | 2025 FDD, Item 7, p. 7 |
| Branding Package2025 FDD, Item 7, p. 7 | $2,500 | $4,000 | 2025 FDD, Item 7, p. 7 |
| Office Equipment and Supplies2025 FDD, Item 7, p. 7 | $1,000 | $3,000 | 2025 FDD, Item 7, p. 7 |
| Professional Fees and Business Licenses and Permits2025 FDD, Item 7, p. 7 | $5,000 | $10,000 | 2025 FDD, Item 7, p. 7 |
| Additional Funds (3-month period)2025 FDD, Item 7, p. 7 | $13,000 | $30,000 | 2025 FDD, Item 7, p. 7 |
| Total estimated initial investment2025 FDD, Item 7, p. 6-7 | $219,100 | $445,000 | 2025 FDD, Item 7, p. 6-7 |
Source Milio's Sandwiches, 2025 FDD, Item 7, p. 6-7, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 19
What Milio's Sandwiches franchisees actually report earning
Gross Sales
$617,793
Milio's Sandwiches' 2025 FDD, Item 19, for the 2024 Reporting Period. Basis: 6 franchise restaurants, with all of the stores located in strip mall locations.
Sample size: 6 outlets. The FDD also reports gross sales of $593,126. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- One affiliate-owned restaurant was sold and converted into a franchise restaurant during the 2024 Reporting Period and is excluded from Parts V and VI of this Statement.
- One affiliate-owned restaurant permanently closed during the 2024 Reporting Period and is excluded from Part V of this Statement.
This is a disclosure of what some existing outlets reported, not a projection of what a new Milio's Sandwiches outlet would earn. Your results will differ.
Source Milio's Sandwiches, 2025 FDD, Item 19, p. 26-29, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Item 20
How many Milio's Sandwiches outlets there are, and how many closed
Milio's Sandwiches ended 2024 with 7 franchised outlets and 11 company-owned outlets. In that year 1 franchised outlet opened and none left the system.
Three years at a glance
From 2022 through 2024, Milio's Sandwiches opened 1 franchised outlet and 1 outlet left the system. The franchised system ended the period the same size it started. Of the outlets that left, 1 was bought back by the franchisor.
With fewer than 10 outlets, one closure moves the numbers a lot, so we do not calculate a yearly rate.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | 2025 FDD, Item 20, p. 30 |
| 2023 | 7 | 0 | 0 | 0 | 1 | 0 | 6 | 2025 FDD, Item 20, p. 30 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | 2025 FDD, Item 20, p. 30 |
Source Milio's Sandwiches, 2025 FDD, Item 20, p. 29-31, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-15.
Compare
How Milio's Sandwiches compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Milio's Sandwiches' estimated range is $332,050. It costs less to open than 82% of Food & Beverage franchises here.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Milio's Sandwiches is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Milio's Sandwiches files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Milio's Sandwiches' updated numbers when the next document is published, plus the brand-comparison worksheet.
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