Del Taco Restaurants, Inc., the second largest Mexican-American quick service restaurant chain by units in the United States, today announced the refranchising of all eight company-operated restaurants in the Reno, NV market to existing franchisee Mark Miller of 3 Brothers Restaurants. Related to this refranchising agreement, Mr. Miller has also committed to develop ten additional Del Taco restaurants over the next seven years, including six in the Yakima and Spokane, WA markets and four across his current geographic operating area.
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are pleased to have completed this refranchising transaction with a high quality franchisee like Mark and to have secured a development commitment from him for an additional 10 restaurants. 3 Brothers is an experienced and proven operator and developer, having already opened four Del Taco restaurants thus far in 2019. Mark has a strong commitment to the Del Taco brand and we look forward to working together towards our mutual success for many years to come.”
As a reminder, Del Taco is optimizing its restaurant portfolio to help stimulate growth in new restaurants, primarily through franchise development, and expects to refranchise two additional markets by the end of the first quarter of 2020.
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, hand-sliced avocado, hand-grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. The brand’s campaign, Celebrating the Hardest Working Hands in Fast Food, further communicates Del Taco’s commitment to restaurant-level team members that provide guests with the best quality and value for their money through cooking, chopping, shredding and grilling menu items from scratch. Founded in 1964, today Del Taco serves more than three million guests each week at its more than 580 restaurants across 14 states. For more information, visit www.deltaco.com.
