Beekman-Backed Condado Tacos To Open Up To 100 Restaurants In 3 Years
Ohio-based Condado Tacos plans to open between 90 and 100 restaurants by 2026, the taco chain said Wednesday.
Condado Tacos plans 12 new openings scheduled in the coming year, six of which are in new markets including St. Louis; Louisville, Kentucky; Knoxville, Tennessee; Greenville, South Carolina; and Birmingham, Alabama. The chain has 39 locations in 13 markets now.
The company opened its first restaurant in Columbus, Ohio, in 2014. By 2019, it had 13 restaurants in Ohio, Indiana and Pennsylvania, according to restaurant news site Eater. Its supercharged expansion began after a major investment in the company in February 2020 by New York-based private equity firm The Beekman Group, according to the Louisville Business Journal.
New York-based Beekman invests in a number of restaurants including Dunkin' and Ted's Café Escondido.
“Condado has a tremendous whitespace opportunity in existing and new markets given the concept’s broad demographic appeal, as well as the restaurants’ flexible real estate model and small footprint,” a release announcing The Beekman Group’s investment stated. The forthcoming Louisville location will be 4.8K SF. A recently opened Charlotte location is 4.9K SF, according to the Charlotte Business Journal.
The chain’s tacos come in a customizable, build-your-own format featuring both meats and nonmeat proteins and a variety of shell types. The chain has a full bar but specializes in an array of by-the-glass or by-the-pitcher margaritas. According to the company, the average check at a Condado Tacos is under $20.
