Del Taco Group Expands Florida Development Agreement After Successful First Opening
September 07 2021 - 9:00AM
Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second
largest Mexican quick service restaurant*, announced its newest
multi-unit deal that will add 10 new locations to the state of
Florida in partnership with franchisees Aman Singh, Ajay Singh,
Navdeep Bassi and Shubegh Bassi. The expansion deal comes just a
few months after the franchisee family opened their first location
in Melbourne, FL in May 2021 – the first of an existing three-unit
commitment that was made in 2019. By adding 10 new restaurants to
their deal, the franchisee family gains exclusive rights to the
Indian River, Brevard and Volusia counties along Florida’s Space
Coast and Treasure Coast regions.
“Our first Del Taco opened in Melbourne has been welcomed by
locals with open arms who appreciate the dedication to quality
ingredients and our commitment to quick, convenient service.,” said
Aman Singh, co-head of the Singh and Bassi Group. “We’ve been in
the retail and restaurant industry for more than 26 years and have
a lot of experience working with brands that offer lots of
opportunity for growth and have a strong brand presence, which drew
us to Del Taco. We’re really excited to continue bringing more Del
Tacos throughout the state of Florida.”
Aman has been part of the retail industry for more than a decade
and has been a Florida resident since 2010, operating both
convenience and food businesses. Alongside his cousin, Navdeep and
the rest of the family, they are working closely with an
experienced operations partner who has more than 30 years of
experience in the QSR sector in the Brevard County area.
“We are very excited to see the Singh and Bassi Group, on the
heels of an incredibly successful opening of their first restaurant
and with two more sites already in progress, take this step to
extend our partnership and mutual commitment to large scale growth
in Florida,” said Jeff Little, SVP of Development. “They have
immediately proven to be excellent operators and stewards of the
brand and we couldn’t be more pleased to announce this expansion of
our relationship.”
Del Taco’s unique QSR+ positioning within the Mexican
quick-service segment presents great growth potential for
experienced multi-unit operators and private equity firms looking
to diversify portfolios. With development areas open across the
U.S., Del Taco is continuing to seek multi-unit operators who are
looking for the opportunity to claim a territory and grow alongside
the company.
To learn more about Del Taco’s franchise opportunity, visit
www.deltacofranchise.com.
*By number of units.
About Del Taco Restaurants, Inc.
Del Taco (NASDAQ: TACO) offers a unique variety of both Mexican
and American favorites such as burritos and fries, prepared fresh
in every restaurant's working kitchen with the value and
convenience of a drive-thru. Del Taco's menu items taste better
because they are made with quality ingredients like freshly grilled
chicken and carne asada steak, fresh house-made guacamole, freshly
grated cheddar cheese, slow-cooked beans made from scratch, and
signature creamy Queso Blanco.
Founded in 1964, today Del Taco serves more than three million
guests each week at its approximately 600 restaurants across 16
states. Del Taco’s commitment to providing guests with the best
quality and value for their money originates from cooking,
chopping, shredding and grilling menu items from scratch. For more
information, visit www.deltaco.com.
Media ContactTara WoodallAllison +
Partnersdeltaco@allisonpr.com 619-342-9386
Del Taco Restaurants (NASDAQ:TACO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Del Taco Restaurants (NASDAQ:TACO)
Historical Stock Chart
From Apr 2023 to Apr 2024