Taco Bueno Ramps Up Expansion
Taco Bueno opens new market in Colorado Springs while expanding in Texas and Oklahoma
DALLAS, June 16, 2015 /PRNewswire/ -- Today, Taco Bueno®, the iconic Mexican quick service restaurant chain, opened its first location in Colorado Springs, CO, marking yet another milestone as the brand known for "Tex-Mex Made Fresh" continues to expand.
The new Colorado Springs restaurant is the first of three slated for Colorado this year. The restaurant that opened today is located at 7970 N. Academy Blvd. across from the Chapel Hills Mall. Two more Colorado Springs locations will open this year with one opening next month at the intersection of Garden of the Gods Road and Hilton Parkway and the other planned for this fall at the intersection of Tutt Blvd. and Dublin Blvd.
"Taco Bueno is very excited to introduce our unique 'Tex-Mex Made Fresh' concept to Colorado Springs," said CEO, Edward Lambert. "We were impressed by the number of requests we received on social media from Colorado Springs consumers asking us to bring Taco Bueno to their area. We're responding to them and expect this to be a very strong market for us."
Building on significant sales and transaction growth in 2014, Taco Bueno has recently opened four new locations in Oklahoma and will open another two in Texas this year, including the chain's first on-campus restaurant located at The University of North Texas in Denton.
"To accelerate our expansion plans, Taco Bueno is also ramping up its franchising program. We are actively recruiting qualified franchisees," said Taco Bueno President, Mike Roper.
Since 1967, Taco Bueno has offered authentic Tex-Mex recipes prepared fresh in every restaurant, every day. Using only the highest-quality ingredients, Taco Bueno is known for its fresh salsa bar featuring multiple salsas made in-house daily. Taco Bueno serves flame-grilled chicken, fresh ground beef, slow-simmered beans prepared overnight, fresh-made guacamole plus chips and shells cooked daily in-house. Taco Bueno delivers great tasting handmade tacos, burritos and nachos and offers signature items like the "MexiDips & Chips®."
About Taco Bueno Restaurants, L.P.
Taco Bueno is committed to creating an authentic, fresher Tex-Mex experience. Taco Bueno is passionate about providing better tasting Tex-Mex, prepared daily with fresh, hand-selected ingredients. Founded in 1967 in Abilene, Texas, Taco Bueno operates 175 restaurants in Colorado, Kansas, Missouri, Texas, Oklahoma, Arkansas and Louisiana. The company is privately owned by an affiliate of Palladium Equity Partners, LLC. Learn more about Taco Bueno by visiting www.tacobueno.com or www.facebook.com/buenoheadquarters.
About Palladium Equity Partners, LLC
Palladium is a middle market private equity firm with over $2.0 billion in assets under management. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams, and focuses primarily on buyout equity investments in the range of $50 million to $150 million. Since its founding in 1997, Palladium has invested over $1 billion of capital in more than 20 platform investments and over 50 add-on acquisitions. The principals of the firm have significant experience in financial services, business services, food, healthcare, industrial and media businesses, with a special focus on transitioning founder-owned businesses and investing in companies it believes will benefit from the growth in the U.S. Hispanic population. In April 2014, Palladium announced the final closing of Palladium Equity Partners IV, L.P. at $1.14 billion, which exceeded its target. Palladium is based in New York City. For more information, visit www.palladiumequity.com.
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SOURCE Taco Bueno
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