San Antonio-based Taco Cabana officially under new ownership in $85 million deal
Taco Cabana has been pumping new flavors of margaritas every month. Now it will do it under new ownership.
Aug. 18, 2021
Fiesta Restaurant Group is nary longer the proprietor of the San Antonio-based Tex-Mex franchise.
Taco Cabana /Fiesta Restaurant GroupThe nation's largest Jack successful the Box franchisee is present the proprietor San Antonio-based Taco Cabana.
Fiesta Restaurant Group Inc., the Dallas-based proprietor of Pollo Tropical, closed connected the $85 cardinal currency merchantability of Taco Cabana to California-based Yadav Enterprises Inc.
Fiesta ended up with nett proceeds of $77 cardinal to $77.8 cardinal aft closing adjustments, which it volition usage to wage disconnected its existent indebtedness debt.
Yadav owns and operates astir 550 Jack successful the Box, Denny's, and TGI Fridays locations crossed 18 states including California and Texas, according to Fiesta Restaurant Group's latest Securities and Exchange Commission filing.
Fiesta Restaurant Group antecedently said it was selling Taco Cabana to absorption connected increasing its Pollo Tropical marque erstwhile it first announced the sale. Taco Cabana has implicit 40 locations successful San Antonio.
Fiesta Restaurant Group closed 19 Taco Cabana locations successful January 2020.
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