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Del Taco Announces New Market Entry with 10-Store Development Agreement for Indianapolis, Bloomington & Surrounding Markets

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LAKE FOREST, Calif.--(BUSINESS WIRE)--Del Taco (NASDAQ: JACK), the nation's second-largest Mexican q...

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AI Summary

Del Taco signs a 10-unit franchise agreement in Indiana, expanding its presence. New franchisees bring strong expertise in real estate and finance. Del Taco recognized in USA Today's 2024 Reader's Choice for fast food. Company aims for long-term growth in southern and central Indiana markets. Del Taco emphasizes quality ingredients and customer loyalty in its offerings.

Sentiment Rationale

The franchise expansion indicates growth potential and increased market presence, similar to past successful franchise developments.

Trading Thesis

This strategic move may boost long-term revenues, akin to previous market entries resulting in sustained growth.

Market-Moving

  • Del Taco signs a 10-unit franchise agreement in Indiana, expanding its presence.
  • New franchisees bring strong expertise in real estate and finance.
  • Del Taco recognized in USA Today's 2024 Reader's Choice for fast food.

Key Facts

  • Del Taco signs a 10-unit franchise agreement in Indiana, expanding its presence.
  • New franchisees bring strong expertise in real estate and finance.
  • Del Taco recognized in USA Today's 2024 Reader's Choice for fast food.
  • Company aims for long-term growth in southern and central Indiana markets.
  • Del Taco emphasizes quality ingredients and customer loyalty in its offerings.

Companies Mentioned

  • TACO (TACO)
  • YUM (YUM)
  • CMG (CMG)

Corporate Developments

The expansion into new markets presents significant growth opportunities for Del Taco, influencing investor sentiment.

LAKE FOREST, Calif.--(BUSINESS WIRE)--Del Taco (NASDAQ: JACK), the nation’s second-largest Mexican quick service restaurant*, today announced the signing of a 10-unit development agreement with a new franchise group in the Indianapolis DMA. Target markets include Bloomington, Bedford, Columbus, Greenwood, Plainfield, and Avon. This marks the brand's entry into the Indiana market and further solidifies its rapid expansion across the United States. The new franchisees bring a diverse skillset to the table, with expertise spanning real estate, finance, insurance, human resources, sales, and marketing. Their collective experience in commercial real estate, including land acquisition, deal negotiation, and construction project oversight, made them ideal candidates for the Del Taco system. “We are thrilled to welcome this dynamic group of entrepreneurs to the Del Taco family,” said Van Ingram, vice president franchise development. “Their passion for the brand and business acumen are exactly what we look for when bringing on a new franchisee. We are confident that they will be successful in bringing the fresh ingredients and bold flavors of Del Taco to the Indianapolis community.” “We were drawn to Del Taco due to its strong market position as a top emerging fast-food brand and its flexible location requirements, which make it an ideal fit for the Indiana market,” said Cole Sinclair, new Del Taco franchisee. “Additionally, its proven business model and potential for multi-unit development present a solid opportunity for long-term growth. We believe the brand's strong recognition, compelling differentiation, and loyal customer base will significantly enhance our chances of success. As an iconic fast-food restaurant chain, we are confident that Del Taco will perform exceptionally well in southern and central Indiana.” Voted Best Fast Food Restaurant in USA Today's 2024 10 Best Reader's Choice Awards, Del 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 real, quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, fresh house-grated cheddar cheese, slow-cooked beans made from scratch, and signature creamy Queso Blanco. Del Taco has franchise opportunities available throughout the Midwest as well as markets across the country. If you are interested in learning how you can own your own Del Taco franchise, please visit deltacofranchise.com or email Dustin Thompson at franchising@deltaco.com. About Del Taco Founded in 1964, Del Taco now serves more than three million guests each week at its nearly 600 restaurants across 17 states. Del Taco’s commitment to providing guests with real food at a real value for their money originates from cooking, chopping, shredding and grilling menu items from scratch. For more information, including franchising opportunities, visit www.deltacofranchise.com. *By number of units.

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