Del Taco
Established during the 1960s, Del Taco sells burgers and fries but is actually a Mexican inspired restaurant. Del Taco is mostly famous in the West and Southwest areas, they currently have 564 restaurants. The less popular locations are supposedly being closed during 2020. But that hasn’t stopped Del Taco from seeking further opportunities to the franchise. Levy Acquisition purchased them back in 2015 which means they are now a public company. They still make a fair amount of profits, besides their developmental plans that unfortunately failed.
Del Taco
Applebee’s
As IHOP’s sister restaurant. Applebee’s announced that it would be closing shop. Many branches were not succeeding and making a profit will be affected. At the moment, there are 1,830 Applebee’s restaurants all across America, Guam, Puerto Rico, as well as in 15 other countries across the globe. Many of the branches are franchised and just are 70 are company-owned. Applebee’s is a supplementary company of DineEquity, which recently relocated its headquarters to Glendale. The president, Steven Layt had apparently declined the idea to relocate and therefore resigned from Applebee’s leadership. The restaurant chain makes a revenue of about $2.5 billion, its total assets total to $935 million and, it has 28,000 employees.
Applebee’s
