Taco Cabana sold to Jack in the Box franchisee
Fiesta Restaurant Group has agreed to sell its fast-casual Mexican restaurant brand Taco Cabana to YTC Enterprises, a national operator of Jack in the Box, El Pollo Loco and Denny’s franchises, according to an 8-K filed with the U.S. Securities and Exchange and reported by Nation’s Restaurant News. Maybe it had something to do with Sonoran hot dogs?
“We made the strategic decision to sell the Taco Cabana business to allow our leadership team to focus completely on accelerating Pollo growth, and we are very excited about the tremendous growth opportunities we have for the Pollo Tropical business,” Fiesta Restaurant Group president and CEO Richard Stockingers said in a news release. “Anil Yadav, the CEO of Yadav Enterprises, has an impressive entrepreneurial background and is a highly-respected restaurant operator with a proven record of success across a variety of limited and full-service concepts. We are confident he will be an effective steward of the Taco Cabana brand for the long-term.”
According to NRN, Taco Cabana operates 142 restaurants in Texas and six franchised Taco Cabana restaurants in New Mexico.