Future Pollo Tropical restaurants headed to SoFla

Miami /
Aug.August 01, 2015 12:30 PM

Publicly traded Fiesta Restaurant Group Inc., parent company of the Pollo Tropical restaurant chain, has plans to open some new Pollo Tropical locations to take part of the customer traffic from clogged South Florida locations.

Fiesta Restaurant Group has raised its targeted number of Pollo Tropical restaurant openings in Florida and other states, including some for the “purposeful cannibalization” of existing high-volume locations, said Timothy P. Taft, president and CEO of Fiesta, told analysts.

“In South Florida, cannibalization relieves some operational stress from high-volume restaurants, provides a better experience for our staff and our customers, while at the same time expands our total market share,” Taft said.

After the Addison, Texas-based parent company released quarterly results for the period ended June 28, including same-store sales growth for its Pollo Tropical and Taco Cabana units, Fiesta Restaurant Group executives told analysts the company is increasing development activity.

Fiesta increased its targeted range of restaurant openings this year to 32-34 from 28-32, almost all of them under the Pollo Tropical brand. Among the planned openings of Pollo Tropical restaurants this year, about a dozen will be in Florida, the brand’s oldest market. [Nation’s Restaurant News] Mike Seemuth


Related Articles

arrow_forward_ios
Apartment rents soar 8% year-over-year amid pent-up demand: report
Apartment rents soar 8% year-over-year amid pent-up demand: report
Apartment rents soar 8% year-over-year amid pent-up demand: report
(Photos courtesy of Native Realty)
JB’s on the Beach site in Deerfield sells at a discount for $11M
JB’s on the Beach site in Deerfield sells at a discount for $11M
Renderings of the project (Courtesy of Pinnacle)
Pinnacle scores $31M for senior affordable housing development
Pinnacle scores $31M for senior affordable housing development
Yard 8 and Wood Partners CEO Joseph Keough (Courtesy of ACRE)
Wood Partners lands $86M refi for Midtown Miami apartments
Wood Partners lands $86M refi for Midtown Miami apartments
Brookstone files for bankruptcy, will close its 5 stores at South Florida malls
Brookstone files for bankruptcy, will close its 5 stores at South Florida malls
Brookstone files for bankruptcy, will close its 5 stores at South Florida malls
Food halls proliferate as the dining format finds more fans in Florida
Food halls proliferate as the dining format finds more fans in Florida
Food halls proliferate as the dining format finds more fans in Florida
(Credit: TRD)
Court battle ensues after “bizarre” death of Andrea Greenberg
Court battle ensues after “bizarre” death of Andrea Greenberg
JLL snags executive VP Ryan Nunes from CBRE
JLL snags executive VP Ryan Nunes from CBRE
JLL snags executive VP Ryan Nunes from CBRE
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...