BAKERSFIELD, Calif. (KERO) — The Baja Fresh location on 24th Street in Downtown Bakersfield is closing. 23ABC has confirmed with ownership that they were franchised and “getting out of the business.” The restaurant officially closed at 2 p.m. on Friday.
Who bought out Baja Fresh owner?
^ a b c d e fLuna, Nancy (September 12, 2016). "Irvine owner of Baja Fresh sold for $27 million to restaurant company tied to Pinkberry". ocregister.com. Retrieved October 20, 2016.
What's new at Baja Fresh?
Finally, Baja Fresh has started phase one of a store redesign program, which features softer lighting, a warmer décor, and a revised seating plan that includes family-style seating with booths.
How many Baja Fresh stores are closing?
Baja Fresh will close a total of 15 to 18 underperforming stores in the fourth quarter, parent company Wendy's International announced. "The store closings are decisive initiatives to position Baja Fresh for stronger performance," chairman and chief executive officer Jack Schuessler said.
What happened to Baja Fresh in Phoenix?
Five Phoenix-area locations were closed by a franchise operator in 2013. In September 2016, it was announced that Baja Fresh's parent, BF Acquisition Holdings, was sold to MTY Food Group for $27 million.
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Who bought out Baja Fresh?
Talk about an investment that went south. Wendy's International Inc. agreed Thursday to sell the Baja Fresh Mexican Grill chain to a group led by Anaheim investor David Kim, who owns the Sweet Factory candy stores and numerous Cinnabon franchises. The price Wendy's paid for the chain in 2002: $275 million.
Does Mcdonald's own Baja Fresh?
Baja Fresh is an American chain of fast-casual Tex Mex restaurants founded in Newbury Park, California in 1990 and headquartered in Scottsdale, Arizona and is owned by Canadian franchisor MTY Food Group.
What is similar to Baja Fresh?
From the rice and beans to the burritos, chips and salsa, Americans are undoubtedly hooked on Tex-Mex.Chipotle. ... Baja Fresh. ... Qdoba. ... Moe's Southwest Grill. ... On the Border. ... Taco Bell. ... El Pollo Loco. ... Wahoo's Fish Tacos.More items...•
How much is a Baja Fresh franchise?
Financial requirements to own a Baja Fresh restaurant vary greatly based on number of units and location. The franchise fee is $50,000 and liquid assets of $200,000 are typically required. Investors need $500,000 net worth per restaurant. The total estimated initial investment ranges between $348,310 and $994,290.
Who currently owns Chipotle?
Steve EllsChipotle founder and CEO Steve Ells could have been the first burrito billionaire. Chipotle stock is soaring again, up 12% on the strength of its recent earnings report. The shares are now up 22% in 2014 and 63% over the last year.
Who owns Chipotle now?
An archived webcast will be available approximately one hour after the end of the call. Steve Ells , Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience.
How many Baja Fresh are there in us?
At the time, Baja Fresh had 255 locations, split between company-owned and franchised units. Baja Fresh currently has 162 restaurants, while La Salsa has 23 units. All but 16 of the combined 185 locations are franchised.
What is the largest Mexican restaurant chain?
Taco BellThis statistic shows the largest Mexican chain restaurants in the United States in 2018, by number of units. Taco Bell, of Yum! Brands, was the largest Mexican restaurant with 6,588 restaurants across the United States.
Who is Chipotle's biggest competitor?
Qdoba Mexican Eats, Moe's Southwest Grill, Baja Fresh Mexican Grill, and Rubio's Coastal Grill are Chipotle's main competitors. Although it is fast-food-oriented rather than fast-casual, Taco Bell has also started to compete with Chipotle by improving the quality of its food.
We Take Extreme Measures to Help Ensure Freshness
Many restaurants rely on frozen, canned, or processed ingredients because they are cheaper and easier to prepare. At Baja Fresh, we never cut corners when it comes to the freshness of our ingredients.
We Offer a Unique Menu
The Mexican food genre has grown increasingly popular in the United States. There are countless restaurants that offer traditional takes on Mexican classics like refried beans, tacos, and burritos. However, many of these restaurants rely on fatty processed ingredients, leading to relatively homogenous offerings.
Our Franchisees Expand Our Baja Fresh Franchise Brand
We made the decision long ago to franchise our brand, giving investors everywhere the opportunity to capitalize on our unique concept.
What is Baja Fresh?
Baja Fresh stands out from other Mexican fast food franchises for a number of reasons, not the least of which is our dedication to freshness. Other Mexican restaurants are known for greasy, fried menu items prepared from frozen ingredients and smothered in artificial cheese.
Is Baja Fresh open in all 50 states?
Baja Fresh is rapidly growing, and we’re currently looking to open restaurants in all 50 states! We’ve identified several especially-hot markets throughout Texas, Arizona, California, Washington, and more. Contact us today to learn more about opening multiple Baja Fresh locations in your area.
How many Baja Fresh locations are there?
Since then, locations have been steadily declining. Today, there are roughly 140 Baja Fresh locations left open.
Why is Bar Louie closing?
Then, the reason became quite clear. The restaurant had been losing money while expanding too quickly. The chain filed for bankruptcy, and many of the stores it planned to open were scrapped.
What brands are having a tough time?
That means brands like Applebee's, Checkers and Rally's, and Ruby Tuesday are having a tough go of it. Themed chains seem to have lost their appeal as well.
How many Papa Murphy's restaurants are closed?
The chain has been closing locations at an alarming rate. In 2018, 97 restaurants shut down, and more followed in 2019. This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. In 2019, Restaurant Business found the chain was $170 million in debt.
What is the hometown buffet called?
HomeTown Buffet goes by one of four names. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. Whatever you call it, all of them are disappearing at an alarming rate – at least, if you loved the restaurant, it’s alarming.
Is Red Robin going bankrupt?
In 2019, the restaurant closed all locations in Alberta. Every year, Red Robin gets closer and closer to bankruptcy. Macro Axis puts the risk of bankruptcy at 45%, which is higher than that of the restaurant industry, which is 37%.
Is Joe's Crab Shack going bankrupt?
Joe’s Crab Shack may have one of the best slogans in the restaurant business (“I got Crabs,” “Free crabs,” and “Peace, love, and crabs”), but maybe that isn’t what people want in food? In 2017, Joe’s Crab Shack filed for bankruptcy.
When did Baja build its warehouse?
At the time, the company expanded its work force by 40. The company held yet another groundbreaking for a $1.5 million expansion on Jan. 17, 1984, to build a 20,000-square-foot warehouse.
When did Baja Boats start making fiberglass boats?
#1. A small fiberglass company named Aeroglastics Inc., which built parts and products for other companies, moved into building fiberglass boats in 1971. That company, Baja Boats, was originally located at 543 Jones St., which had been a roller skating rink. The company had many ups, and downs, in its turbulent 37-year history in ...
When did Baja Sport 250 open?
Baja opened an 86,000 square foot engineering facility in 1989 and its Baja Sport 250 was named full size boat of the year by Powerboat magazine. "Our business has doubled every two years for the last eight years," Smith said in 1989. "We have had tremendous growth.".
Where was the Baja boat built?
Smith started his marine industry career in 1971, building and assembling his first Baja boat in an abandoned roller skating rink in his Bucyrus, Ohio hometown. "It was an exciting and rewarding journey, taking Baja from a small regional boat company to a nationally recognized brand," said Smith.
When did Aeroglastics lose its employees?
Aeroglastics also suffered another setback on Dec. 20, 1976, when an administrative judge of the National Labor Relations Board found the company engaged in unfair labor practices and was ordered to restore three employees with seniority and other rights and pay them their earnings.
Why did National City Bank of Columbus freeze assets?
National City Bank of Columbus froze the company's assets after the company laid off most of its 380 workers, including those in management. According to then Baja vice president Michael Scruggs said that the problem resulted from two missed loan payments.