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Tuesday, Mar 19, 2024
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Del Taco to Expand to Northeast US

Lake Forest-based Del Taco LLC said it will begin franchising in New Jersey, its first restaurants in the Northeast.

The Mexican-style fast-food restaurant chain signed development agreements with ADTDNJ LLC and Delite Mex Group.

Each group has exclusive rights in several counties, and each has experience with other restaurant chains, including McDonald’s, Subway, Arby’s, and Dunkin’ Donuts locations.

Del Taco said the first restaurants will open in 2016. The company declined to offer further details on the deals.

In July, it announced incentives that include reduced franchisee fees and lower royalties for up to three years in exchange for operators that open at least five restaurants in new markets.

The standard initial franchise fee is $35,000, in addition to other startup costs, and the royalty is 5% of gross sales.

Del Taco has about 550 restaurants in 16 states with $622 million in annual systemwide sales.

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