Milio's Sandwiches

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Milio's Sandwiches

Milio's Sandwiches Franchise FDD, Costs & Fees (2025)

Milio's Sandwiches offers a variety of freshly made sandwiches, wraps, and salads, using high-quality ingredients and freshly baked bread to create delicious and satisfying meals.

Milio’s Sandwiches is a Midwest-based sandwich shop franchise known for serving fresh, oven-baked bread and fast, friendly counter service. The brand focuses on handcrafted subs, wraps, soups, salads, and cookies, along with catering options designed for group events and office lunches.

The franchise began in 1989 under the name Big Mike’s Super Subs on West Johnson Street near the University of Wisconsin-Madison. It later rebranded as Milio’s Sandwiches. The company is now headquartered in Fitchburg, Wisconsin, just outside Madison, and remains committed to its regional heritage and values.

Milio’s began franchising in 2020, expanding its footprint across Wisconsin, Minnesota, and Iowa. The system currently includes a mix of franchise and corporate-owned locations.

What sets Milio’s apart is its commitment to quality and community. The brand’s promise to bake bread every four hours emphasizes freshness, while its “Baking a Difference” program supports local nonprofits.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Milio's Sandwiches offers 2 types of franchises:

Type of Expenditure Amount
MILIO’S Restaurant – Convenience Store Location $130,850 to $326,500
MILIO’S Restaurant – Inline or Free-Standing Location $219,100 to $445,000

We are summarizing below the main costs associated with opening a MILIO’S Restaurant – Inline or Free-Standing Location.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

Type of Expenditure Amount
Initial Franchise Fee $15,000 - $26,500
Leasehold Improvements $85,000 to $200,000
Furniture, Fixtures and Equipment $70,000 to $112,000
Signage $5,000 to $12,000
Computer POS System (POS Register) $3,500 to $6,000
Rent $2,000 to $7,500
Lease & Utility Security Deposits $0 to $10,000
Initial Inventory $5,000 to $7,000
Insurance $2,100 to $2,500
Training $7,500 to $9,500
Grand Opening Advertising/Marketing $2,500 to $5,000
Branding Package $2,500 to $4,000
Office Equipment and Supplies $1,000 to $3,000
Professional Fees and Business Licenses and Permits $5,000 to $10,000
Additional Funds (3-month period) $13,000 to $30,000
Total $219,100 to $445,000

Milio's Sandwiches offers 2 types of franchises:

Type of Expenditure Amount
MILIO’S Restaurant – Convenience Store Location $130,850 to $326,500
MILIO’S Restaurant – Inline or Free-Standing Location $219,100 to $445,000

We are summarizing below the main costs associated with opening a MILIO’S Restaurant – Inline or Free-Standing Location.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

Type of Expenditure Amount
Initial Franchise Fee $15,000 - $26,500
Leasehold Improvements $85,000 to $200,000
Furniture, Fixtures and Equipment $70,000 to $112,000
Signage $5,000 to $12,000
Computer POS System (POS Register) $3,500 to $6,000
Rent $2,000 to $7,500
Lease & Utility Security Deposits $0 to $10,000
Initial Inventory $5,000 to $7,000
Insurance $2,100 to $2,500
Training $7,500 to $9,500
Grand Opening Advertising/Marketing $2,500 to $5,000
Branding Package $2,500 to $4,000
Office Equipment and Supplies $1,000 to $3,000
Professional Fees and Business Licenses and Permits $5,000 to $10,000
Additional Funds (3-month period) $13,000 to $30,000
Total $219,100 to $445,000

Franchise Disclosure Document

Number of units

Training

Milio’s provides a comprehensive training program designed to prepare franchisees for the successful operation of their restaurant. Here are the primary training components offered by the franchisor:

  1. Initial Training Attendance
    Milio’s requires the franchisee and one additional person to attend the initial training program. This training includes instruction on various aspects of operating the restaurant and typically lasts about four weeks. Franchisees are responsible for all related expenses, including transportation, lodging, meals, and any wages for attendees.
  2. In-Restaurant Observation
    Before becoming a franchisee, Milio’s may request that candidates work in a restaurant as a non-employee. This observation period is meant to provide practical, hands-on experience in a real operating environment. The costs associated with this requirement are included in the overall training expense estimate.
  3. Expense Considerations
    The cost of attending the training program depends on the distance traveled and the type of accommodations chosen. Milio’s includes these projected expenses in its estimated initial investment to help franchisees plan their startup budget accordingly.

Territory Protection

Milio’s does not offer exclusive territory protection to its franchisees. While each franchisee operates a specific restaurant location approved by the franchisor, there is no contractual commitment that prevents the franchisor from opening additional restaurants nearby or assigning locations to other franchisees. This means franchisees might face competition from other Milio’s outlets in close proximity.

The franchisor retains full control over marketing and advertising allocations, which may or may not be directed to a specific franchisee’s area. Marketing funds are pooled and used at the discretion of Milio’s for national, regional, or local campaigns without guaranteeing area-specific investments.

Competitors

Below are some of

Milio's Sandwiches

key competitors in the

Sandwich

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
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Gross Profit
Upgrade
EBITDA
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7

New
+
0%
0%

$15,000

$131,000

$445,000

n.a.

$618,000

$xxx,xxx

72.0%

xx%

n.a.

n.a.

xx%

n.a.

Competitors

D'Angelo Grilled Sandwiches

D'Angelo Grilled Sandwiches is a fast-casual sandwich franchise offering grilled subs, soups, salads and coffee, serving lunch and dinner crowds, and known for flame-roasted flavour, fresh ingredients and community-based franchise experience.

Franchisees

?

22
+
-12%
-12%
Investment

?

$411,000 - $737,000

Submarina California Subs

Submarina California Subs is a submarine-sandwich franchise offering crafted subs with fresh, quality ingredients, serving take-out and delivery customers, and known for California-style flavor, strong franchise support, and award-winning menu.

Franchisees

?

10
+
-9%
-9%
Investment

?

$183,000 - $370,000

Erik's Delicafe

Erik's DeliCafe is a sandwich and soup franchise offering handcrafted sandwiches, slow-simmered soups, salads, and bakery items, serving lunch crowds and families, and known for wholesome ingredients, comforting recipes, and neighborhood hospitality.

Franchisees

?

26
+
0%
0%
Investment

?

$199,000 - $407,000

Lennys Grill & Subs

Lennys Grill & Subs is a fast-casual franchise offering grilled sandwiches, subs, salads, and soups, serving lunch and dinner crowds, and known for freshly prepared items, quality ingredients, and strong local presence.

Franchisees

?

58
+
4%
4%
Investment

?

$283,000 - $577,000

Cheesy Street Grill

Cheesy Street Grill is a fast-casual franchise offering grilled cheese sandwiches, comfort foods, and quick-service menu options, serving lunch and dinner diners, and known for inventive cheese creations, approachable pricing, and brand personality.

Franchisees

?

2
+
0%
0%
Investment

?

$267,000 - $426,000

Crepe Delicious

Crepe Delicious is a café franchise offering sweet and savory crepes, waffles, smoothies, and coffee, serving breakfast and lunch customers, and known for fresh ingredients, customizable menu, and café experience in retail venues.

Franchisees

?

8
+
14%
14%
Investment

?

$178,000 - $978,000