Taco Bueno, based in Farmers Branch, has entered into an agreement with Taco Supremo LLC, based in Dallas. Taco Supremo is an affiliate of Sun Holdings Inc., which owns more than 800 franchises of Burger King, Arby's, Krispy Kreme and more.
[Update on Jan. 14, 2019: Taco Bueno announced that its sale to Taco Supremo is now complete.]
A letter online to the brand's "Buenoheads" notes that existing Taco Buenos will remain open. "It is intended to facilitate a reorganization of the company, not a liquidation or going out of business. We will remain open and operational," explains an FAQ on Taco Bueno's website.
Taco Bueno "has no plans to change its name," says Ed Trissel, a spokesman.
Taco Bueno currently operates restaurants in Texas, Oklahoma, Arkansas, Kansas, Louisiana and Missouri.
According to a press release, Taco Supremo "acquired all of Taco Bueno's outstanding bank debt and has provided a commitment for up to $10 million in debtor-in-possession ("DIP") financing that, subject to court approval, will support the Company's operations during the financial restructuring process."
Sun Holdings will become the new owner, the statement says, and the company plans to remodel some Taco Buenos.
CEO Omar Janjua said in September 2018 that his job at Taco Bueno has been to "identify underperforming business areas and reallocate resources towards more productive pursuits" — hence, the recent closures. In a statement in November 2018, he says he believes the restructuring "will strengthen our balance sheet and position our company for continued success."
Taco Bueno sells burritos, quesadillas and tacos in addition to signature dishes like the Muchaco (a taco replaced with thicker pita bread) and Mexi Dips and Chips (tortilla chips served with queso, guacamole and refried beans).
Guillermo Perales, chief executive officer and founder of Sun Holdings Inc. says in a statement that his team plans to "drive long-term growth" for Taco Bueno.