Franchise Brands LLC., founded by Subway co-founders, placed a bid to purchase Taco Del Mar, a quick-service Mexican concept, through a recent bankruptcy auction.
A bankruptcy judge has approved the sale of the Seattle-based company to the Milford, Connecticut-based company.
With more than 200 locations, Taco Del Mar will join other concepts in the Franchise Brands portfolio including: Personal Training Institute, a one-to-one fitness and nutrition franchise; Mama Deluca’S Pizza Now!; and HomeVestors of America Inc., a real estate concept.
“Franchise Brands is a company with an interest in acquiring businesses to create a diverse portfolio ready for expansion through franchising. Taco Del Mar is an established brand with name recognition. The concept fits our preferred business model with its ease of operation, relatively low investment and presence in a popular foodservice category,” says Franchise Brands Managing Director, Lisa M. Oak.
Created in 2005 with the support and guidance of the co-founders of the Subway restaurant chain, Franchise Brands, LLC. acquires and creates strategic alliances with both food and nonfood businesses that can offer growth opportunities to franchisees and entrepreneurs worldwide.
