SAN ANTONIO – Bad news for Taco Cabana fans – San Antonio is losing two of its restaurants.
The parent company of Fiesta Restaurant Group, Inc., of Pollo Tropical and Taco Cabana, made the announcement on Monday.
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These Taco Cabana locations are set to close:
- Taco Cabana at 11701 Blanco Road in San Antonio, TX
- Taco Cabana at 6867 West US Highway 90 in San Antonio, TX
A total of 19 Taco Cabana restaurants in Texas will close, with immediate effect, according to the Fiesta Restaurant Group.
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However, almost all employees affected by the closures will be offered positions at other Taco Cabana locations.
“During the fourth quarter, our Taco Cabana team began implementing a margin improvement plan that we hope to improve the EBITDA margins adjusted at the restaurant level by approximately 200 to 300 basis points in 2020 vs. 2019. The improvement plan for margin includes operations efficiency initiatives in the food and operating expenses categories and the closure of 19 low-performing restaurants in Texas.These closures eliminate all stores with significant losses, which we hope will result in a highly viable restaurant portfolio “Fiesta president and chief executive Richard Stockinger said in a press release.
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