Greenville has lost one of its local restaurants featuring Mexican cuisine.
The Taco Cabana restaurant closed suddenly Monday, after the eatery’s parent company said the outlet was among those who were underperforming.
Fiesta Restaurant Group, Inc., announced Monday it would immediately close 19 of their 164 restaurants in Texas, indicating the restaurants. While they contributed to approximately $24.5 million in earnings, they also had $4.2 million in pre-tax operating losses, including $2 million in depreciation expense in 2019.
In addition to the Greenville location, the company closed restaurants in Allen, Dallas, Denton, Frisco, Hurst and North Richland Hills.
The Taco Cabana opened in the summer of 2017. The developers of the project were granted a variance of the landscape buffer requirements under the City of Greenville I-30 overlay zoning district for the restaurant, which was built in front of the Home Depot at 7105 Interstate 30, next door to the Chili’s restaurant.
The overlay district had a requirement for a 20-foot landscape buffer on I-30 frontage, whereas the developers sought and received a 10-foot buffer, to allow the site to retain enough spaces at the location to meet the city’s parking requirements and also deed restrictions governing how many spaces are mandated for restaurants which serve alcohol.
Taco Cabana was just one of several Mexican-style restaurants which had opened since early 2016, including but not limited to El Fenix, Taquiera La Ventana, Chipotle, and Mariachi.
Taquiera La Ventana closed in October 2018.