Taco Bueno closed 12 locations in Texas and Oklahoma. Credit: JD Hancock.

Fast food restaurant chain Taco Bueno has closed 12 locations in Texas and Oklahoma to position the brand for future growth.

In September, the fast food restaurant chain announced plans to permanently close 16 locations across Texas, Oklahoma, Kansas, and Missouri following a strategic depth review of the brand’s entire restaurant portfolio.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Last month, the restaurant chain signed an agreement with Taco Supremo, an affiliate of Sun Holdings, and its other stakeholders for a comprehensive financial restructuring.

Taco Bueno also filed voluntary petitions under Chapter 11 of the US Bankruptcy Code and a pre-packaged plan of reorganisation to support its financial restructuring.

“Taco Bueno is an awesome brand and by selling the equipment online they take a green and sustainability path.”

The affiliate of Sun Holdings acquired all of Taco Bueno’s outstanding bank debt and offered a commitment for up to $10m in debtor-in-possession financing prior to the filing.

As per the reorganisation plan, Sun Holdings would become the owner of Taco Bueno through a debt-for-equity swap.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

RestaurantEquipment.bid, an affiliate of TAGeX Brands, is currently in the process of selling Taco Bueno’s assets through an online auction.

TAGeX Brands president Neal Sherman said: “Taco Bueno is an awesome brand and by selling the equipment online they take a green and sustainability path. The restaurant industry remains highly competitive with 1000’s of closures each year.”

However, the company noted the remaining Taco Bueno locations will continue to serve its customers.

Established in 1967, Taco Bueno currently operates nearly 200 restaurants across the US.