El Torito (
Spanish for "the little bull") is an American
chain
A chain is a serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression but linear, rigid, and load-bearing in tension. A c ...
that serves
Mexican food. El Torito operates 69 restaurants primarily in
California.
[About El Torito](_blank)
El Torito is one of several Mexican cuisine restaurant chains operated by Xperience Restaurant Group.
Founded in 1954, El Torito claims to be "a pioneer in the California full service Mexican casual dining restaurant segment."
History
El Torito was founded in 1954 by Larry J. Cano.
[OC Weekly.]
El Torito Founder Is Still the Big Enchilada
." January 6, 2011. Cano served several tours in
Europe and in
Korea, got a business degree and worked as a bartender. When the bar's owner died, the widow gave Cano the restaurant. Cano then began serving Mexican food at the bar and it became the first El Torito. Cano, at one point became financially strapped and moved into the restaurant.
Within three years the restaurant became successful, and Cano opened additional locations. By 1976 he had 20 locations, and sold the business to
W. R. Grace and Company for about $20 million. They hired Cano as the President with a directive for rapid expansion.
Grace sold its restaurants in a leveraged buyout in 1986. The resulting firm, Restaurant Enterprises Group (REG), filed for bankruptcy in 1993. REG was acquired out of bankruptcy in 1994 by Foodmaker, who renamed itself Family Restaurants, then Koo Koo Roo Enterprises, then Prandium. In 2000,
Acapulco
Acapulco de Juárez (), commonly called Acapulco ( , also , nah, Acapolco), is a city and major seaport in the state of Guerrero on the Pacific Coast of Mexico, south of Mexico City. Acapulco is located on a deep, semicircular bay and has bee ...
bought El Torito from Prandium. Acapulco renamed its parent company to
Real Mex Restaurants in 2004 and moved the headquarters to
Cypress, California
Cypress is a city in northwestern Orange County within Southern California. Its population was 50,151 at the 2020 census.
History
The first people living in the area now known as Cypress were the Gabrieleno, a Native American tribe of the Ton ...
.
On October 3, 2011, Real Mex Restaurants filed for
Chapter 11 bankruptcy and announced that it was putting itself up for sale, citing the poor economy as a reason. No plans were announced to close restaurants or layoff staff.
It was acquired by a group of its noteholders in a bankruptcy auction in 2012.
In 2018, FM Restaurants HoldCo, LLC acquired Real Mex Restaurants out of bankruptcy and begun operation under Xperience Restaurant Group led by former Vice President of Operations of the El Torito division, Randy Sharpe. In 2020, during the pandemic, the group begun renovations of 19 of their 31 locations in Southern California.
References
{{DEFAULTSORT:Torito
Mexican restaurants
Restaurants in Orange County, California
Companies based in Orange County, California
Cuisine of the Western United States
Restaurant chains in the United States
Restaurants established in 1954
1976 mergers and acquisitions
1986 mergers and acquisitions
2000 mergers and acquisitions
2012 mergers and acquisitions
1954 establishments in California
Companies that filed for Chapter 11 bankruptcy in 2011
Companies that filed for Chapter 11 bankruptcy in 2018