Milio's Sandwiches
Source filing: WI · filed 2026-04-30
Item 5 — Initial franchise fee
$15,000 [p.8 · WI · 2026-04-30]
Item 6 — Recurring fees (royalty & advertising)
| Royalty Fee | 6% of Gross Sales (Note 2) [p.9 · WI · 2026-04-30] |
|---|
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$256,300 [p.12 · WI · 2026-04-30] – $365,800 [p.12 · WI · 2026-04-30]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 7 [p.35 · WI · 2026-04-30] |
|---|---|
| Franchised outlets at end of year | 7 [p.35 · WI · 2026-04-30] |
| Net change in franchised outlets | 0 [p.35 · WI · 2026-04-30] |
| Transfers | 2 [p.35 · WI · 2026-04-30] |
| Terminations | 0 [p.36 · WI · 2026-04-30] |
| Non-renewals | 0 [p.36 · WI · 2026-04-30] |
| Ceased operations (other) | 2 [p.36 · WI · 2026-04-30] |
| Company-owned outlets at end of year | Not disclosed |
Item 19 — Financial performance representation
Headline cohort
6 franchised restaurants 2023 reporting period · December 26, 2022 to December 31, 2023
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 6 [p.32 · WI · 2026-04-30] | $628,926 [p.32 · WI · 2026-04-30] | $644,743 [p.32 · WI · 2026-04-30] | $821,236 [p.32 · WI · 2026-04-30] | $299,843 [p.32 · WI · 2026-04-30] |
All disclosed cohorts (6)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| 12 affiliate-owned MSF restaurants 2023 reporting period December 26, 2022 to December 31, 2023 |
12 [p.32 · WI · 2026-04-30] | $586,285 [p.32 · WI · 2026-04-30] | $533,027 [p.32 · WI · 2026-04-30] | $999,468 [p.32 · WI · 2026-04-30] | $357,322 [p.32 · WI · 2026-04-30] |
| 6 franchised restaurants 2023 reporting period December 26, 2022 to December 31, 2023 |
6 [p.32 · WI · 2026-04-30] | $628,926 [p.32 · WI · 2026-04-30] | $644,743 [p.32 · WI · 2026-04-30] | $821,236 [p.32 · WI · 2026-04-30] | $299,843 [p.32 · WI · 2026-04-30] |
| 11 affiliate-owned MSF restaurants 2024 reporting period January 1, 2024 to December 29, 2024 |
11 [p.32 · WI · 2026-04-30] | $531,671 [p.32 · WI · 2026-04-30] | $461,842 [p.32 · WI · 2026-04-30] | $920,411 [p.32 · WI · 2026-04-30] | $313,313 [p.32 · WI · 2026-04-30] |
| 6 franchised restaurants 2024 reporting period January 1, 2024 to December 29, 2024 |
6 [p.33 · WI · 2026-04-30] | $593,126 [p.33 · WI · 2026-04-30] | $617,793 [p.33 · WI · 2026-04-30] | $790,955 [p.33 · WI · 2026-04-30] | $276,517 [p.33 · WI · 2026-04-30] |
| 8 affiliate-owned MSF restaurants 2025 reporting period December 30, 2024 to December 28, 2025 |
8 [p.33 · WI · 2026-04-30] | $591,991 [p.33 · WI · 2026-04-30] | $545,388 [p.33 · WI · 2026-04-30] | $901,190 [p.33 · WI · 2026-04-30] | $422,491 [p.33 · WI · 2026-04-30] |
| 6 franchised restaurants 2025 reporting period December 30, 2024 to December 28, 2025 |
6 [p.33 · WI · 2026-04-30] | $608,797 [p.33 · WI · 2026-04-30] | $623,469 [p.33 · WI · 2026-04-30] | $822,988 [p.33 · WI · 2026-04-30] | $333,706 [p.33 · WI · 2026-04-30] |
“The Statement below is an unaudited statement of sales, cost of sales and gross margin, as qualified in the Statement.” [p.31 · WI · 2026-04-30]
Extraction notes
- Item 20 outlet counts were extracted with model assistance and verified against the cited pages.