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Lake Forest-based Del Taco expands into Texas
Quick-service Mexican food chain plans up to 80 eateries in Dallas/Fort Worth market.
By Kristen SchottPublished: August 10, 2010 09:39 AM
Lake Forest-based Del Taco is expanding into Texas with plans to open up to 80 new stores in the Dallas/Fort Worth market.
The quick-service Mexican restaurant chain will break ground on its first location in Denton this month, with the store set to open in the fall. A second eatery in McKinney is slated to open in 2011.
The move comes on the heels of a financial restructuring completed in May by its former parent company Sagittarius Brands that allowed Del Taco to focus on its growth initiatives. At that time, the company, which now operates under parent Del Taco Holdings, said it plans to open in "various key markets" across the U.S.
"We believe the Del Taco brand is a great fit for the Dallas/Fort Worth market," said Paul Murphy, CEO of the company. “We’re excited to bring our great tasting food and strong value options to Texas.”
The eatery, which had sales of about $570 million in 2009, currently operates or franchises more than 515 restaurants in 16 states, serving more than 3.5 million customers a week.
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The quick-service Mexican restaurant chain will break ground on its first location in Denton this month, with the store set to open in the fall. A second eatery in McKinney is slated to open in 2011. The move comes on the heels of a financial restructuring completed in May by its former parent company Sagittarius Brands that allowed Del Taco to focus on its growth initiatives. At that time, the company, which now operates under parent Del Taco Holdings, said it plans to open in "various key markets" across the U.S. "We believe the Del Taco brand is a great fit for the Dallas/Fort Worth market," said Paul Murphy, CEO of the company. “We’re excited to bring our great tasting food and strong value options to Texas.” The eatery, which had sales of about $570 million in 2009, currently operates or franchises more than 515 restaurants in 16 states, serving more than 3.5 million customers a week. Related headlines Agendia relocates U.S. headquarters to Irvine Orange County small-business sales fall in July KBS acquires a downtown Chicago office tower |
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