Industry Restaurants Website www.tacotico.us Type of business Private company | Products Tacos, Burritos Founded 1962 | |
Headquarters Wichita, Kansas, United States | ||
Taco Tico is a chain of Tex-Mex cuisine fast-food restaurants headquartered in Wichita, Kansas. Dan Foley opened the first Taco Tico in 1962, in his native Wichita, Kansas, and began franchising new locations in 1967. The company 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. The meat, at that time, was sent to the stores in frozen tubes from the main distribution center. The new flavoring was unpopular and Taco Tico has since switched back to the original.
As of 2014, there are locations throughout the Midwest and Southeastern states. Newer buildings are adobe with teal-green and orange awnings, signs, and trim.
On March 5, 2013, 10 restaurants were closed by the Kansas Department of Revenue for failure to remit $434,939.23 in sales tax. The restaurants were later reopened after a bankruptcy filing and a deal between Ajax International Group and the Kansas Department of Revenue. 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 franchises for failure to pay state taxes.
Three remaining Wichita-area Taco Tico restaurants closed in August and September 2013.
On February 5, 2014, the new owner reopened one of the former Wichita, KS locations (13th Street & Tyler Road), with plans to open at least four more stores in Wichita by the end of 2014. Stores have also reopened in Arkansas City, Augusta, Derby, and Newton, KS.
On October 25, 2014, one of the closed locations in Topeka, KS reopened after being purchased by new owners.
As of October 2016, fourteen Taco Tico locations remain in the United States.