San Antonio-based Taco Cabana is launching a national franchising program to help expand its presence beyond the Lone Star State, officials said Wednesday. The fast-casual Tex-Mex chain wants to ink deals with local franchisees so it can grow into states including Arizona, Arkansas, Colorado, Missouri, Oklahoma and Tennessee.
San Antonio-based Taco Cabana is launching a national franchising program to help expand its presence beyond the Lone Star State, officials said Wednesday.
The fast-casual Tex-Mex chain wants to ink deals with local franchisees so it can grow into states including Arizona, Arkansas, Colorado, Missouri, Oklahoma and Tennessee. "We are confident that now is the ideal time for Taco Cabana to implement this thoughtfully planned and well-constructed franchising opportunities to prioritize growth beyond our existing markets,” Director of Franchise Sales and Development John Ramsay said in a statement.
Currently, Taco Cabana operates more than 140 locations in Texas along with six franchise outlets in New Mexico,Former Taco Cabana CEO Richard Cervera led an aggressive expansion in the '90s that included franchising. However, the company's stock price plummeted amid the expansion, and Cervera resigned in 1995, Funding Universe notes. Some of the company's new locations closed shortly after.
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