Is Torchy’s Tacos owned by General Atlantic?
Try tacos. Torchy’s Tacos, the restaurant chain that started as an Austin food trailer in 2006, sold an additional stake to an investor group led by private equity firm General Atlantic for about $400 million, as the maker of what it calls “damn good tacos” plans an aggressive expansion.
Who are Torchy’s new investors?
The deal, which also included new investors D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN, comes after Torchy’s opened 12 new restaurants in 2020, even as the Covid-19 pandemic crimped consumer spending and locked down much of the U.S.
How much does Torchy’s cost compared to Chipotle?
That compares with a peak of around $2.5 million at Chipotle during its best years on record. And while Torchy’s is a phenomenon in Austin where it began, it also competes well against the most authentic Mexican food in towns closer to the border.
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Is Torchy's tacos publicly traded?
Bloomberg reported in March 2021 that Torchy's was considering an initial public offering and was working with Morgan Stanley and Bank of America Corp. toward a deal that could have raised $300 million.
What company owns Torchy's tacos?
General AtlanticIn November 2020, General Atlantic bought an additional stake in the brand, along with several new investors, with plans to fuel the chain's unit growth. Torchy's has reported average unit volumes of $3.8 million.
What is Torchy's worth?
Torchy's, which has more than 75 restaurants throughout the South and Midwest, could raise roughly $300 million and be valued at nearly $1 billion, the sources told Bloomberg.
Is Torchy's a chain?
Hart stated that he wanted to double the number of locations by 2023, which would mean around 160 Torchy's locations across the United States. The taco chain has built a reputation for itself by putting a focus on fresh ingredients — for example, it makes tortillas in house at each restaurant.
Is Torchy's a franchise?
Torchy's Tacos does not franchise within the United States and we have no plans to do so in the future.
Who is the CEO of Torchy's?
G.J. Hart (Jan 29, 2018–)Success Foods Management Group, LLC / CEO
Does Torchy's make their own chips?
We give a chip We don't just focus our attention nationally, Torchy's also looks locally. Each one of our stores is actively involved in helping the community around them.
How many Torchys locations are there?
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.
Is Torchy's tacos only in Texas?
Mike Rypka, founder of Torchy's Tacos, built a menu out of experimental tacos that were coined by fans as “damn good.” Today, Torchy's Tacos has 100 locations across Texas, Oklahoma, Colorado, Arkansas, Louisiana, Missouri, Kansas, Indiana, North Carolina, Tennessee and Virginia that are committed to serving only the ...
What is Torchy's make it trashy?
I have tried a couple of their breakfast tacos which are awesome, but my favorite is the Trailer Park & ask them to "make it trashy" which means they take off the lettuce and add queso! Lots of variety to try!
Is Torchys coming to Florida?
Torchy's Tacos will begin their expansion in Florida in 2022. Biz Journals recently reported that two locations are in the works. The first being a 4,000-square-foot space at Vineland Pointe, the other is planned for Altamonte Springs.
What oil does Torchy's tacos use?
What Cooking Oil Does Torchy's Tacos Use? Torchy's Tacos apparently uses safflower oil in their deep fryers and for their tortilla chips.
Is Torchy's tacos only in Texas?
Mike Rypka, founder of Torchy's Tacos, built a menu out of experimental tacos that were coined by fans as “damn good.” Today, Torchy's Tacos has 100 locations across Texas, Oklahoma, Colorado, Arkansas, Louisiana, Missouri, Kansas, Indiana, North Carolina, Tennessee and Virginia that are committed to serving only the ...
How many Torchys locations are there?
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.
Why did Torchy's change their menu?
In a Facebook post dated June 18, the “Republican” taco and the vegetarian “Independent” taco will be leaving the Texas taco staple's famed menu. Torchy's said that the move was made to “simplify their menu during COVID-19″ and to support the needs of employees during the pandemic.
What oil does Torchy's tacos use?
What Cooking Oil Does Torchy's Tacos Use? Torchy's Tacos apparently uses safflower oil in their deep fryers and for their tortilla chips.
When did Torchy's Tacos open?
Is Torchy Tacos going public?
Torchy's Tacos began in a food trailer in Austin, Texas in 2006, and opened its first permanent restaurant in Austin in 2009. It opened 12 restaurants in 2020 and has more than 75 locations in 10 states. Copyright © 2021 Networld Media.
Who owns Torchy's Shake Shack?
Texas -based Torchy's Tacos may be going public this year and if it does, the company could raise $300 million to be valued at $1 billion.
Where is Torchy's tacos located?
of Mexican restaurants, is partly owned by growth-equity giant General Atlantic and has made no indication of plans to go public.
Torchy's Tacos Valuation & Funding
Torchy’s, which was founded in Austin, TX by chef Mike Rypka in a single food trailer, draws on the popularity of street-served tacos, also adding zest with a devil-themed ambience. The dining rooms have giant letters reading “Damn Good” and the mascot is even a baby devil.
Torchy's Tacos Comparisons
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Torchy's Tacos Signals
Operator of a restaurant food chain serving Mexican food. The company offers a wide selection of handcrafted tacos, ques
Torchy's Tacos Investors
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How many Torchys restaurants will be open in 2020?
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When did Torchy's Tacos start?
The deal, which also included new investors D1 Capital Partners, T. Rowe Price, Lone Pine Capital and XN, comes after Torchy’s opened 12 new restaurants in 2020, even as the Covid-19 pandemic crimped consumer spending and locked down much of the U.S.
Is the new round of capital a precursor to an IPO?
Torchy’s Tacos, the restaurant chain that started as an Austin food trailer in 2006, sold an additional stake to an investor group led by private equity firm General Atlantic for about $400 million, as the maker of what it calls “damn good tacos” plans an aggressive expansion.