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Del Taco sells 6 restaurants to franchiseeDel Taco sells 6 restaurants to franchisee

Lisa Jennings, Executive Editor

October 14, 2011

1 Min Read
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Lisa Jennings

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 [email protected].
Follow her on Twitter: @livetodineout
 

About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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