Del Taco officials said Thursday it has sold six corporate restaurant locations in Phoenix to the chain’s largest franchisee in Arizona. Terms of the deal were not disclosed.
Desert Taco, a franchise operator that previously owned 14 Del Taco units, now owns 20 of the area’s 26 restaurants.
“I have confidence in the Del Taco brand, the company’s executive leadership and strategic direction. I am also confident in the long-term viability of the Phoenix market. It is the right time to invest in both,” Brent Veach, Desert Taco’s principal, said in a statement.
The transaction makes the Phoenix market completely franchise operated.
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Del Taco officials said the move was right for that particular market, but is not part of a larger refranchising initiative.
At the close of 2010, the 522-unit Del Taco chain included 288 corporate locations and 234 franchised units.
The quick-service Del Taco chain is based in Lake Forest, Calif.
Contact Lisa Jennings at lisa.jennings@penton.com.
Follow her on Twitter: @livetodineout
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Del Taco officials said
Del Taco officials said Thursday it has sold six corporate restaurant locations in Phoenix to the chain’s largest franchisee in Arizona. Terms of the deal were not disclosed.
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