Del Taco Restaurants, Inc., an emerging leader in the Mexican Quick Service Restaurant (MQSR) category, just announced the signing of a five-location development agreement in California. The five franchise businesses will open in San Diego County by the year 2020. These stores will be spearheaded by the family-owned Bajwa Group, a brand new franchisee with previous gas station, convenience store and chain restaurant experience. There are currently a total of 16 franchised and company-owned locations in the San Diego area, and the new stores will bring that sum to 21.
This move speaks to the success the brand has enjoyed in Southern California, and it's also part of the chain's overall initiative to meet the increasing demand for its freshly-made American and Mexican staples. The MQSR force has had 16 stellar quarters of company same-store sales growth in a row, so now is naturally a solid time to expand its reach further.
Bajwa Group President and CEO Jerry Bajwa said that he respects the Mexican chain for its commitment to quality and fresh ingredients, and he added that the brand's commitment to high standards matches that of the franchisee group. Bajwa also credited the chain's more than 50 years of success and the positive industry news surrounding it as motivating factors for the investment.
The Del Taco Franchise Opportunity
Established in 1964, Del Taco is now the second-biggest MQSR chain in the US and has locations across 16 states. Due to this exciting growth period, the brand is seeking qualified franchisees in many territories and offering exclusive development rights to those who wish to enter new markets. To qualify for this hot franchise opportunity, applicants must have a minimum net worth of $1 million with at least $500,000 liquid and be willing to develop at least two stores. The franchise fee is $35,000, and the initial investment average is $767,000 to $1,646,384.