- Investments $282,500
- Franchise fee$25,000
- Year Brand Started – 2005
- Year Franchising Started – 2006
- Offices – 104
Full Answer
Who owns Torchy taco?
Mike RypkaMike Rypka is coming back to Austin-based Torchy's Tacos, the chain he launched from a food truck in 2006, as CEO, the fast casual announced Thursday.
Can you buy a Torchys 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 tacos?
G.J. Hart (Jan 29, 2018–)Success Foods Management Group, LLC / CEO
How much did Torchy's sell for?
about $400 millionA company spokesperson said the deal was valued at “about $400 million.” “Pairing these four firms with our existing partner, General Atlantic, we feel that we have assembled a premier ownership group that will allow us to accelerate our growth and write the next chapter in Torchy's history,” said G.J.
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 locations does Torchy's have?
Making it Big. With countless tacos eaten, over 90 locations opened, and thousands of Taco Junkies added to the Torchy's family, some things have certainly changed, but the dedication to making high-quality, cooked-to-order, Damn Good tacos remains the same.
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. The report also said that no final decisions had been made by the company.
Did Torchys get rid of the Democrat?
The Republican and Independent tacos were removed, yet the Democrat taco remains. A spokesperson with the restaurant says the decision has “absolutely nothing to do with taking a political stance or making a political statement,” but is only to support the needs of its employees.
Why is it called Velvet taco?
"We knew we needed 'taco' in the name, so the next question was what was the leading word to best describe what we were all about," executive chef John Franke said. "The word velvet came up because it reminds you of something clean, sleek, smooth, retro, eclectic and cool.
When was Torchy's founded?
Torchy's first time? Way back in 2006, we opened the first Torchy's Tacos food trailer on South First Street right here in Austin, TX! To spread the Damn Good word, I rode around the area on my red Vespa giving out free chips and salsa to recruit new fans and make a mark on the Austin taco scene. The rest is history!
How much to buy a Chick-fil-A franchise?
Despite its success, Chick-fil-A charges franchisees only $10,000 to open a new restaurant, and it doesn't require candidates meet a threshold for net worth or liquid assets, the company told Business Insider. That's cheaper than every major fast-food chain in the US.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How hard is it to get a Chick-fil-A franchise?
It simply isn't easy to get a Chick-fil-A franchise. According to AOL, the company only accepts about 75 to 80 new franchises each year, despite the fact that it receives around 20,000 applications on an annual basis. That means about 0.4 percent of applicants get approved.
What is the total number of Torchy's Tacos?
Torchy's now has 83 locations throughout seven states. It includes 12 new locations scheduled to launch in 2020.
Is Torchy's Tacos a Texas-only establishment?
The franchise has more than 55 sites throughout Texas, Oklahoma, and Colorado. More than a decade ago, Michael Rypka launched Torchy's Tacos as a s...
What does it mean to be trashy at Torchy's Tacos?
"Trashy" is a code word for ordering tacos in a secret fashion, similar to ordering In-N-Out "animal style." When you order "trashy" at Torchy's Ta...
Important Links
Below is the list of some important links to Torchy’s Tacos restaurant like their locations, nutritional information, careers, and much more.
Final Words
So this was all about the Torchy’s Tacos menu with prices and we have also mentioned many other things related to this restaurant like their contact details, social profiles, important links, and much more.
When did Torchy's Tacos start?
The chain was founded by Michael Rypka and began in a food trailer in Austin, Texas, in 2006. Torchy’s Tacos is moving forward with plans for an IPO, according to Bloomberg. The brand is reportedly working with Morgan Stanley, Bank of America Corp, and JPMorgan Chase & Co.
How much money does Torchy's raise?
At the time, Bloomberg described the move as a potential precursor to an IPO filing. Sources told the media outlet that Torchy’s could raise about $300 million and be valued at about $1 billion.
How many stores will Torchy have in 2020?
The chain opened roughly a dozen stores amid the pandemic, and entered three new markets. In January 2020, CEO GJ Hart said Torchy’s plans to reach at least 160 stores in the next three years.
When did BurgerFi and Landry's merge?
BurgerFi and OPES Acquisition Corp. agreed to merge in June 2020, with an anticipated initial enterprise value of approximately $143 million.
