Del Taco Will Sell Some Restaurants to Franchisees

Del Taco Restaurants said it will sell some of its restaurants to franchisees, according to a Restaurant Business report.

The company wants to sell 13 lower-volume company stores to franchisees and also acquire three high-volume franchise restaurants as part of a plan to reduce the company-owned store count by 2020, according to the article.

“Our portfolio optimization strategy positions the brand for accelerated franchise growth and focuses company operations on our core Western markets and strategic seed markets to support emerging market growth,” Del Taco Restaurants CEO John Cappasola said in a statement, according to the article.

Read the full report at Restaurant Business.