Lake Forest, Calif. — Del Taco Restaurants, Inc., the second largest Mexican-American quick-service restaurant chain by units in the United States, recently commenced the marketing of certain company-operated restaurants across four non-core Western markets. The refranchising of these restaurants is expected to be completed by summer 2020 and is planned to help shift company ownership to approximately 45% of the Del Taco system while stimulating growth in new restaurants and existing restaurant AUVs. Del Taco first announced its Restaurant Portfolio Optimization plan in January 2019 and subsequently retained The Cypress …
The Cypress Group
Greenwood Village, Colo. — Red Robin Gourmet Burgers, Inc., a full-service restaurant chain, has retained The Cypress Group, a leading restaurant and franchise investment banking firm, to manage Red Robin’s refranchising initiative. Cypress has more than 25 years of multi-unit M&A and corporate refranchising experience in the restaurant industry, including engagements with a number of major casual dining brands. “Strategically refining our real estate portfolio and pursuing development opportunities with high-quality franchisees is a key component of future growth for Red Robin. We are excited to partner with The Cypress …