Fast casual Tex-Mex restaurant company Tijuana Flats Inc. has acquired five previously franchised locations in the Tampa market.
The company has taken majority ownership of each location, while the previous franchise owners remain as minority partners, a release said.
No financial terms were disclosed.
The five locations acquired locally are 2782B E. Fowler Ave., 10019 N. Dale Mabry Highway, 9520 W. Linebaugh Ave. and 1617 W. Platt St. in Tampa, and 11007 Causeway Blvd. in Brandon. According to the company’s Web site, there are 15 locations in the Tampa Bay area.
The stores in the Tampa Bay market have combined annual sales of nearly $7 million, making it one of company’s more profitable markets, the release said. Tijuana Flats plans to add five locations throughout the Tampa market over the next two years.
The company has 60 locations in Florida, Indiana, North Carolina, Pennsylvania and Virginia.
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