Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO), Orange County’s fourth-largest restaurant chain by sales, said it signed a multi-unit development deal for four new restaurants in Seattle.
The new locations will feature the company’s new prototype design, including “Pollo To Go” lockers for mobile and delivery orders and curbside pick-up.
The restaurants will be owned and operated by Jean-Paul Pirio, who counts over 20 years of experience in the industry and owns a JP’s Tap Room and a Time Out Ale House in Puget Sound, among other establishments.
Pirio is also looking at Tacoma, Kent, Federal Way and Puyallup as other Seattle locations for the restaurant chain.
“El Pollo Loco’s proven business model paired with the industry know-how of a seasoned pro like Jean-Paul is a winning combination, and we’re confident his locations will thrive,” El Pollo Loco Chief Development Officer Brian Carmichall told QSR Magazine.
Shares in El Pollo Loco were $9.66 apiece and a $357 million market cap.