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Pollo Tropical Signs Multi-Unit Franchise Agreement in Guatemala
June 26, 2012 · 0 Comments
MIAMI–()–The popular Miami-based grilled chicken restaurant chain, Pollo Tropical, has entered into an exclusive multi-unit franchise agreement in Guatemala with a newly formed food service company, represented by José Garcés and Harold Townson. The agreement calls for the development of at least five Pollo Tropical restaurants, with the first location expected to open in 2013.
Pollo Tropical’s entry into Guatemala comes at a time when that country’s economy continues to grow and marks further expansion of the brand in Central America. The new franchise partners bring years of business experience into the new agreement. Mr. Garcés is an equity partner in the Nais restaurant chain with nine locations in Guatemala, including a famous aquarium-themed destination restaurant in Guatemala City. The Townson family owns successful companies in the construction, real estate and finance industries. With this agreement,
Pollo Tropical expands its international franchise base to ten countries.
“By expanding Pollo Tropical further in Central America, we continue to gain regional strength, which will help us attract investors in the larger Latin markets such as Mexico and Brazil,” said Marc Mushkin, Senior Vice President of International Development for Pollo Tropical. “Our new franchise partners in Guatemala have the right combination of restaurant operations and real estate development experience necessary to undertake a deal of this size, and we are pleased to be entering the market with them.”
By erichertha