Daily Newsletter

08 September 2023

Daily Newsletter

08 September 2023

District Taco signs ten-unit development deal with D3 Tacos

The new locations will open in Hudson County in New Jersey, and Richmond and Kings Counties in New York.

Umesh Ellichipuram September 08 2023

US-based Mexican fast casual restaurant chain District Taco has signed a ten-unit development agreement with D3 Tacos to open new locations in New York and New Jersey.

The new locations will open in Hudson County in New Jersey and Richmond and Kings Counties in New York.

D3 Tacos official Daniel Yu said: “Because of our industry experience, we could easily see that District Taco is a scalable business model poised for growth and success - and we're excited to be a part of that.

“In addition, I don't think customers in the New York-New Jersey area have experienced anything like the Yucatán cuisine District Taco offers, with fresh-roasted vegetables and spices not often found in other Mexican food restaurants.”

The New Jersey and New York sites are the first for the restaurant brand, which is known for offering Yucatán style food.

The new locations will serve breakfast and lunch tacos, burritos, bowls, salads, quesadillas and more.

District Taco chief operating officer Chris Medhurst said: “We cannot wait to serve District Taco's authentic cuisine to the local communities in New York and New Jersey.

“We are thrilled to partner with D3 Tacos and to continue growing the brand across the country. The tri-state area is a market unlike any other market in the country, and presents a tremendous opportunity for us to reach millions of new, hungry customers.”

In April this year, District Taco signed several development deals to expand across the US.

It plans to open ten to 15 franchised locations every year and touch the 80-location mark by 2027.

Pub, club & bar was the largest foodservice profit sector channel in 2022 in the UK

Per GlobalData, the foodservice profit sector in the UK was valued at GBP72.6 billion in 2022, and is estimated to grow at a CAGR of >8% by 2027. Pub, club & bar was the largest channel in the UK foodservice profit sector in 2022 by market value, while QSR was the second-largest channel, followed by FSR. Changing preferences, trustworthiness, product alignment with their time and money constraints, and service quality are some of the key trends in the foodservice market in the UK.

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