TL;DR
Del Taco Restaurants will sell some of its restaurants to franchisees, reducing its company-owned store count and focusing on franchise growth. The company plans to sell 13 lower-volume company stores and acquire three high-volume franchise restaurants.
Del Taco Restaurants said it will sell some of its restaurants to franchisees, according to a Restaurant Business report.
The company wants to sell 13 lower-volume company stores to franchisees and also acquire three high-volume franchise restaurants as part of a plan to reduce the company-owned store count by 2020, according to the article.
“Our portfolio optimization strategy positions the brand for accelerated franchise growth and focuses company operations on our core Western markets and strategic seed markets to support emerging market growth,” Del Taco Restaurants CEO John Cappasola said in a statement, according to the article.
In this story
This story was originally published in 1851 Franchise on January 14, 2019. Burnaze summarizes and links to the original reporting.
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