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.
KEY FRANCHISE STATS
Franchisees
?
7
+
0%
0%
Franchise fee
?
$15,000
Investment
?
$131,000 - $445,000
Revenue (AUV)
?
Undisclosed
$618,000
+
-1.1%
-1.1%
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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
The initial investment required for a Milio's Sandwiches franchise is $131,000 - $445,000. That is the total cost you would need to finance 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
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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
Below is Milio's Sandwiches's 2025 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
Milio's Sandwiches had 18 total units in 2025, of which 7 were franchised-owned and 11 company-owned.
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:
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.
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.
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.
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