Restaurant
Torchys Taco | 10 Years Remain | Richmond, VA MSA | Rapidly Expanding Taco Chain
1315 Huguenot Rd, Midlothian, VA 23113
Listing Price: $2,691,589
Investment Overview
- Torchy’s Tacos has grown substantially from a taco trailer in 2006 to more than 110 locations across 14 states. In December 2020, Torchy’s sold a $400 million stake in the company to extend its footprint nationally. The investors included private equity firm General Atlantic, the majority owner, investment firm D1 Capital Partners, investment manager T. Rowe Price, and hedge funds Lone Pine Capital and XN. Following the investment, the chain crossed the 100-unit threshold at the end of 2021 and grew its sales beyond the $100 million mark. There are nine additional locations coming soon, with the goal of reaching 15 states by the end of 2023. *The three neighboring are also available for sale. Please contact the listing agent for details.
Torchys Taco | 10 Years Remain | Richmond, VA MSA | Rapidly Expanding Taco Chain
Investment Highlights
- Lowest Rental Rate PSF of Neighboring Pads; Leased at Under Market Rental Rate
- Out-Parcel to Richmond's Largest Enclosed Shopping Center with 5.6 Million Annual Customer Visits
- Rapidly Expanding Taco Chain with 110+ Locations with Private Equity Backing
Restaurant
Torchys Taco | 10 Years Remain | Richmond, VA MSA | Rapidly Expanding Taco Chain
Listing Price: $2,691,589
Investment Highlights
- Lowest Rental Rate PSF of Neighboring Pads; Leased at Under Market Rental Rate
- Out-Parcel to Richmond's Largest Enclosed Shopping Center with 5.6 Million Annual Customer Visits
- Rapidly Expanding Taco Chain with 110+ Locations with Private Equity Backing
Investment Overview
- Torchy’s Tacos has grown substantially from a taco trailer in 2006 to more than 110 locations across 14 states. In December 2020, Torchy’s sold a $400 million stake in the company to extend its footprint nationally. The investors included private equity firm General Atlantic, the majority owner, investment firm D1 Capital Partners, investment manager T. Rowe Price, and hedge funds Lone Pine Capital and XN. Following the investment, the chain crossed the 100-unit threshold at the end of 2021 and grew its sales beyond the $100 million mark. There are nine additional locations coming soon, with the goal of reaching 15 states by the end of 2023. *The three neighboring are also available for sale. Please contact the listing agent for details.
