Del Taco Fuels Southeast Growth With Multi-Unit Florida Panhandle Deal
20 Juillet 2021 - 3:00PM
Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second
largest Mexican quick service restaurant*, announced its new
franchise partnership with Consolidated Taco Holdings (CTH) – a
sister company to Consolidated Burger Holdings (CBH). Continuing
its expansion throughout Florida, where Del Taco has recently seen
an influx of growth and development, the deal is expected to bring
12 new Del Taco locations to Florida’s Panhandle.
“We’ve been in the burger franchise business for quite some time
and are more than excited to partner with Del Taco to add a Mexican
restaurant to our portfolio,” said Ed Stutz, CEO of CTH. “When
choosing new brands to add to our portfolio, we go through a
rigorous exercise to ensure we’re very aligned with their vision.
We believe Del Taco checks all the boxes to include a strong
leadership team, a compelling brand identity, a highly distinctive
value proposition, and strong unit level economics. We are really
looking forward to partnering with the Del Taco team on the
nationwide expansion by bringing the concept to Panhandle of
Florida and beyond.”
Stutz, an Army veteran, has been in the restaurant industry
since 2002, previously serving as North Division Vice President for
Arby’s Restaurant Group where he oversaw nearly 800 locations in
the U.S. and Canada. In his role as CEO of CTH and CBH, Stutz has
become well-versed in strategic business planning, team alignment,
change management and new unit and revenue growth. CBH is an
emerging restaurant conglomerate that has proven its success in
owning and operating more than 60 Burger King locations throughout
Georgia and Florida.
“This new multi-unit plan to expand throughout Florida propels
us forward in realizing our vision for significant brand growth led
by franchisees in the Southeast region of the U.S.,” said Jeff
Little, Senior Vice President of Development. “Our goal is to
continue to partner with successful franchise organizations like
CTH who are aligned with Del Taco’s commitment to bringing the
brand to life by combining great real estate with operational
excellence. The CTH team has a phenomenal track record of success
in this region and is an ideal partner to continue growing Del
Taco’s presence and reputation throughout Florida.”
Del Taco’s unique QSR+ positioning within the Mexican
quick-service segment presents great growth potential for
experienced multi-unit operators and private equity firms looking
to diversify portfolios. With development areas open across the
U.S., Del Taco is continuing to seek multi-unit operators who are
looking for the opportunity to claim a territory and grow alongside
the company.
To learn more about Del Taco’s franchise opportunity, visit
www.deltacofranchise.com.
*By number of units.
About Del Taco Restaurants, Inc.
Del Taco (NASDAQ: TACO) offers a unique variety of both Mexican
and American favorites such as burritos and fries, prepared fresh
in every restaurant's working kitchen with the value and
convenience of a drive-thru. Del Taco's menu items taste better
because they are made with quality ingredients like fresh grilled
chicken and carne asada steak, freshly made guacamole, freshly
grated cheddar cheese, slow-cooked beans made from scratch, and
creamy Queso Blanco.
Founded in 1964, today Del Taco serves more than three million
guests each week at its approximately 600 restaurants across 16
states. Del Taco’s commitment to providing guests with the
best quality and value for their money originates from cooking,
chopping, shredding and grilling menu items from scratch. For
more information, visit www.deltaco.com.
Media ContactTara WoodallAllison +
Partnersdeltaco@allisonpr.com619-342-9386
Del Taco Restaurants (NASDAQ:TACO)
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