While some El Torito locations have closed in the past due to specific business reasons, the parent company has indicated that the period of downsizing is over, and there are currently no plans for further widespread closures. In fact, the company is looking to grow.
Reasons for Past Closures
Historically, closures of some El Torito restaurants have been attributed to two primary factors:
- Underperforming Locations: A number of restaurants were shut down because they were not meeting performance expectations. These closures were strategic decisions to divest from unprofitable units and streamline operations.
- Failed Lease Negotiations: In some instances, a specific location closed simply because lease agreements could not be successfully renewed. This can occur when terms cannot be agreed upon, or when a landlord has other plans for the property.
Current Outlook
Despite past closures, the current leadership of El Torito's parent company has publicly stated that the period of downsizing is complete. They have no plans to close additional restaurants and are instead focused on expansion. This strategic shift indicates a move towards growth and strengthening the brand's presence in the market, rather than continued retrenchment.
For more information on the company's plans, you can refer to relevant business news outlets focusing on the restaurant industry.
