Del Taco is an American fast food restaurant chain. It specializes in Mexican and American foods. Its headquarters is in Lake Forest, California. The company was founded in 1971, and its founders include Joey Ramos, Joey Chavez, and John Cappasola. The founders of the chain were immigrants who became Americans and wanted to make Mexican food more American. Now, their restaurants are located all over the world.
Del Taco Fast Food Restaurants
Del Taco is an American fast food restaurant chain. It specializes in Mexican and American foods. Its headquarters is in Lake Forest, California. The company was founded in 1971, and its founders include Joey Ramos, Joey Chavez, and John Cappasola. The founders of the chain were immigrants who became Americans and wanted to make Mexican food more American. Now, their restaurants are located all over the world.}
By 1993, Del Taco had 372 locations in ten states and was experiencing remarkable per-store growth. Its total annual sales were $319 million, and the average store had $927,000, topping rival Taco Bell by almost $10,000 per location. Nation’s Restaurant News reported that Del’s average sales volume per restaurant was the highest of any fast food chain. The chain recently began a major expansion into Arizona and Las Vegas.
The company’s first bankruptcy
The company’s first bankruptcy filing occurred in 1993. In November 1993, the company filed for Chapter 11 and was awarded a loan from GE Capital. The debtors reduced the amount of money that the company owed to creditors from $87.6 million to $55 million. The next year, Hackbarth and Jameson sold their Del Taco shares to a group of investors. In November 1994, they sold the business to W. R. Grace and Company and began expanding the franchise.
The company has five locations in Texas, including two locations in Cedar Park. In summer 2014, the chain opened its first location in Guam. The company’s first locations in Ohio are in Columbus and Dallas-Fort Worth.
By 2008, Del Taco had 372 locations in ten states. That beat its rival, Taco Bell, by almost $10,000 per location. By 2010, Del Taco began a major expansion into Arizona and Las Vegas. Its franchisees were now the only ones who were allowed to open Del Taco restaurants in those cities.
Del Taco
The company’s name is a combination of two words. “Del Taco” means “Del Taco.” In Spanish, this word means “little Del.” The name is a contraction of the name of the Mexican street. It is not uncommon to see one-third of the same restaurant. The first year, the company opened its first locations in the United States. Grace and Co., who bought the company for an undisclosed sum. The next year, the company opened its first Del Taco locations in Las Vegas and Arizona. The brand is now one of the largest in the US. Its logo is a Mexican flag with a Mexican flag on it.
Del Taco was first started in 1971. Its first restaurant opened in California. In 1973, the company opened its first restaurant in New York City. This growth led to more franchisees. The chain’s success continued as it grew in Washington state and Montana. With the sale of the chain, the brand gained the recognition and respect of the public.
Del Taco received
In 1991, Del Taco received bankruptcy protection. The investors purchased the company. Its original location in New York City was the first Del Taco to sell franchised food.
The company’s growth continued to outpace its competitors. By 1979, Del Taco had almost 188 locations. In 1987, it was planning to open about 35 more units. In the late 1980s, the company merged with Naugles and converted all Naugles restaurants to Del Taco units.