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Started By
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Torchy's: The Austin taco chain lands $400M and plans national expansion
Posted on 12/13/20 at 1:45 pm
Posted on 12/13/20 at 1:45 pm
Great news for Torchy's fans
LINK
quote:
Could Torchy's Tacos be the next Chipotle?
That's what a group of investors is betting as it pumps a whopping $400 million into the restaurant chain that started as a food truck in South Austin.
quote:
The goal is to open 100 restaurants in 10 additional states over the next four years, the company says.
quote:
Under the deal, Torchy's sold a stake to an investor group led by global private equity firm General Atlantic, which initially invested in 2017. It was joined in the ownership group by D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN. Torchy’s Founder Mike Rypka and all members of the original ownership group will reinvest as individuals, according to the company.
With the cash infusion, the chain known for its "damn good tacos" will kick off an aggressive national expansion.
Today Torchy's has 83 outlets in seven states. That includes 12 locations opened in 2020 — a year in which the coronavirus pandemic has pummeled the restaurant industry.
LINK
This post was edited on 12/13/20 at 1:46 pm
40
Posted on 12/13/20 at 1:48 pm to LoneStar23
(no message)
This post was edited on 8/22/21 at 2:36 am
Posted on 12/13/20 at 1:49 pm to LoneStar23
SEVERLY overpriced
Posted on 12/13/20 at 1:49 pm to LoneStar23
Quality depends on who you ask since this is a very polarizing chain in regards to Tacos.
Posted on 12/13/20 at 1:49 pm to LoneStar23
quote:
aggressive national expansion
The death of more restaurants than COVID.
Posted on 12/13/20 at 1:55 pm to LoneStar23
Ate there yesterday at the Shreveport location. Probably the 3rd or 4th time we’ve eaten there since it opened. Really like the pork taco and the brisket....their green chile queso is damn strong. Quality has been the same on all my visits so far.
This post was edited on 12/13/20 at 4:31 pm
Posted on 12/13/20 at 1:55 pm to LoneStar23
Pretentious tacos
Posted on 12/13/20 at 1:56 pm to LoneStar23
Overpriced tacos but idiots will still pay.
Posted on 12/13/20 at 1:57 pm to LoneStar23
quote:
Torchy's
Meh. El Rey or the Shell station on Memorial are better.
Posted on 12/13/20 at 1:58 pm to LoneStar23
Is it better than Taco Bell? Then send one to Lexington.
There's clesrly a market for 24 hr drive through for stoners, drunks, and shift workers.
I have long held Taco Bells late night success is because they push that aspect of their business, and Mexican food seems to be a pretty solid way to help sober up...burgers and fries just dont do it.
Anyone with a cost effective taco alternative to the Bell could grab sone market share pretty easily.
There's clesrly a market for 24 hr drive through for stoners, drunks, and shift workers.
I have long held Taco Bells late night success is because they push that aspect of their business, and Mexican food seems to be a pretty solid way to help sober up...burgers and fries just dont do it.
Anyone with a cost effective taco alternative to the Bell could grab sone market share pretty easily.
Posted on 12/13/20 at 1:58 pm to Hou_Lawyer
I've found that the best tacos around here are at hole in the wall Mexican places where almost nobody speaks English. El Tio is legit.
Posted on 12/13/20 at 1:59 pm to LoneStar23
I wish High Tech Burrito would go national.
Baton Rouge desperately needs some good Mexican fast food.
Baton Rouge desperately needs some good Mexican fast food.
Posted on 12/13/20 at 1:59 pm to LoneStar23
Don’t know what happened after 2016-2017, but they’ve dropped off in quality and prices went up to the point I no longer look forward to them while in H-town. There are better food trucks....
Posted on 12/13/20 at 1:59 pm to Ronaldo Burgundiaz
quote:
SEVERLY overpriced
What are we talking here? Like 3 or 4 a pop for a meh taco?
Posted on 12/13/20 at 2:01 pm to LoneStar23
Money laundering is alive and well.
Posted on 12/13/20 at 2:01 pm to LoneStar23
What makes it awesome is the quirky staff who have tattoos from head to toe and are cool as shite to talk to you at the bar.
The chain has to know that
The chain has to know that
Posted on 12/13/20 at 2:06 pm to LoneStar23
No Taco C... No care
Posted on 12/13/20 at 2:07 pm to Ronaldo Burgundiaz
Tacodeli is way better than Torchy’s
Posted on 12/13/20 at 2:11 pm to Hou_Lawyer
quote:Isn’t almost everything in the world overpriced?
Overpriced tacos but idiots will still pay
Posted on 12/13/20 at 2:11 pm to LoneStar23
RIP in peace
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