Taco Tico

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Ajax International Group
TypePrivate company
IndustryRestaurants
FoundedWichita, Kansas (1962)
HeadquartersWichita, Kansas
Key peopleMahmood Karim (CEO)
ProductsTacos, Burritos,
Websitewww.tacotico.com
 
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Ajax International Group
TypePrivate company
IndustryRestaurants
FoundedWichita, Kansas (1962)
HeadquartersWichita, Kansas
Key peopleMahmood Karim (CEO)
ProductsTacos, Burritos,
Websitewww.tacotico.com

Taco Tico is a chain of Tex-Mex cuisine fast-food restaurants headquartered in Wichita, Kansas. As of June 2012 there are 36 stores located in Arkansas, Iowa, Kansas, Kentucky, Louisiana, and Oklahoma. This establishment serves tacos, tostadas, nachos, enchiladas, burritos, refried beans, quesadillas, taco burgers, and sanchos available for dine-in, take-out, or drive-thru. Dan Foley opened the first Taco Tico in 1962, in his native Wichita, Kansas. He began franchising new locations in 1967. The company kept expanding and also added more items to the menu, which originally just offered tacos and nachos, and was a regional hit by 1980.

In 1988, Foley sold the company and chain to a former executive from KFC. The meat recipe, which gave Taco Tico tacos their unique flavor, was changed at that time. most likely as a result of corporate influence, in an effort to lower costs. The meat, at that time, was sent in frozen tubes, from the home office. The flavoring was shown to be unpopular and Taco Tico has since switched back to the original flavoring.

Expansion continued and locations are throughout the Midwest and Southeastern states. Taco Tico developed 4 distinctive taco sauces (mild, medium, hot, and volcano) in 1971 and continues to use them today. They also offer a green chili sauce. Newer buildings are adobe with teal-green and orange awnings, signs, and trim.

On March 5, 2013, ten restaurants were closed by the Kansas Department of Revenue for failure to remit $434,939.23 in sales tax collections.[1] The restaurants were later reopened after a bankruptcy filing and a deal made between Ajax International Group and Kansas Department of Revenue.[2] Three independently franchised locations were unaffected by the closure or bankruptcy filing.

On July, 11, 2013 The State of Kansas re-closed 10 Taco-Tico franchise in relation to failure to pay state taxes.

References[edit]

  1. ^ Reber, Jessica. "State closes Taco Tico restaurants for failing to pay sales tax". News Article. KWCH. Retrieved 22 March 2013. 
  2. ^ Heck, Josh. "Bankruptcy filing will allow some Wichita-area Taco Ticos to reopen". Blog. Wichita Business Journal. Retrieved 22 March 2013. 

External links[edit]

  1. ^ Reber, Jessica. "State closes Taco Tico restaurants for failing to pay sales tax". News Article. KWCH. Retrieved 22 March 2013. 
  2. ^ Heck, Josh. "Bankruptcy filing will allow some Wichita-area Taco Ticos to reopen". Blog. Wichita Business Journal. Retrieved 22 March 2013.