The second leading Mexican Quick Service Restaurant chain in the US recently announced yet another new location opening. Del Taco now has a new freestanding store in South Carolina, which is part of a multi-unit development agreement the brand recently signed. The Columbia location's opening is in line with the brand's mission to bring made-to-order and fresh American and Mexican dishes at a value to those living in the Southeastern part of the country.
Del Taco's latest development deal is with Flavors Group LLC, a franchise family team with a background in convenience store and wholesale franchising. The group is also committed to opening more franchise businesses in Richland and Lexington counties over the next three years.
Longtime fan and franchisee Shetal Patel says the group is confident the brand will do well in South Carolina because of its history of success in new markets and its stable financials. With more than ten years of experience with the franchise business model, Patel feels the group was ready to diversity its portfolio and saw Del Taco as a fast-growing chain with unique features that made it stand out from its competitors.
Del Taco: Franchise Opportunities in a Growing Segment
The MQSR market segment is one of the fastest-growing in the industry, and Del Taco is currently attracting a diverse customer base across income levels, ages and demographics. Having recently made the move to a public company, the franchise chain is currently seeking qualified franchisees, according to Director of Franchise Development Laura Tanaka.
To qualify for one of Del Taco's franchise opportunities, applicants must have a net worth of at least $1 million, with a minimum of $500,000 available in liquid assets. Candidates must commit to developing at least two locations, and the initial franchisee fee is $35,000. The total initial investment ranges from s $767,000 to $1,646,384.
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