Taco Cabana, a subsidiary of Fiesta Restaurant Group Inc., has sold its two company-owned Albuquerque, N.M., locations to its local franchisee Mel Sloan. Sloan's company also owns two other locations in Albuquerque.

He has been a Taco Cabana franchisee since 1994.

"I'm thrilled to be acquiring these two company-owned Taco Cabana locations and to have the opportunity to expand our fan base in Albuquerque," Sloan said. "It's the new direction of the company that has me excited about once again growing with the Taco Cabana system."

The decision to transfer the company-owned restaurants to Sloan was a matter of operational cost, efficiency and business strategy. With the majority of Taco Cabana's 160 locations in Texas, Tim Taft, Fiesta president and CEO, said the company wants to focus its growth efforts there. Taft added that Sloan already has a proven track record of success with his existing Taco Cabana franchise locations.

"We are excited to have Mel on board to continue as a franchisee and to have him take over the company-owned Albuquerque locations," Taft said. "Mel's franchise and managerial experience, along with his dedicated staff are the perfect mix for an excellent Taco Cabana dining experience. He and his team will be focused on the continued evolution of the brand in New Mexico."

Taco Cabana is currently updating all 160 of its existing locations. All updates are scheduled to be complete by early 2014. In July, Taco Cabana debuted its first newly designed restaurant concept in Allen, Texas.

Read more franchising news.

Related Content

User Comments – Give us your opinion!
Products & Services

HotSchedules

http://global.networldalliance.com/new/images/products/6543.png

6543/HotSchedules

Affordable, feature rich compact ATM

http://global.networldalliance.com/new/images/products/RL1600_Left_View_100.gif

804/Affordable-feature-rich-compact-ATM

ReadyHire- a full-service recruitment approach for restaurants

http://global.networldalliance.com/new/images/products/6351.png

6351/ReadyHire-a-full-service-recruitment-approach-for-restaurants

LG 32LN549E

http://global.networldalliance.com/new/images/products/6457.png

6457/LG-32LN549E

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Ongoing recruiting needs- Recruiting strategy to meet continual …

http://global.networldalliance.com/new/images/products/6349.png

6349/Ongoing-recruiting-needs-Recruiting-strategy-to-meet-continual-hiring-needs

Financial Through-the-Wall ATM

http://global.networldalliance.com/new/images/products/FT5000_100_0708.gif

536/Financial-Through-the-Wall-ATM

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

Remote Monitoring, Management & Measurment Software - CommandPoint

http://global.networldalliance.com/new/images/products/2260.png

2260/Remote-Monitoring-Management-Measurment-Software-CommandPoint

PeopleMatter HIREā„¢

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.