Mexican food is America’s second most-popular cuisine, and Mexican food franchises are poised as a hot investment for the second half of 2022. 

According to Technavio, the Mexican food market is set to grow by USD $113.85 billion through 2026, at a CAGR of 6.7 percent 2026. A majority of the market’s growth (58 percent) will originate from North America. The key market drivers for this growth are attributed to the increasing popularity of Mexican cuisine among consumers, especially among younger generations such as millennials. 

The cuisine is also likely experiencing growth from a market that grew hungry after missing it for two years. According to a study performed by FoodService Equipment & Supplies and Datassential, when asked which foods they missed most during COVID lockdown, consumers ranked Mexican cuisine first. 

Mexican restaurants are most popular in the states bordering the county, with California at the top of the list housing an estimated 20% of all establishments. If you’re looking to capitalize on the country’s hunger for Mexican food, check out these three California Mexican food franchises ready to serve you: 

 

Chronic Tacos Enterprises, Inc. 

Founded in 2002 and franchising since 2006 in Aliso Viejo, California, Chronic Tacos Enterprises, Inc. Has grown to more than 40 locations in the U.S., Canada, and Japan serving their unique fusion of authentic Mexican recipes with a Southern California style. Startup costs to become a franchisee and own a Chronic Tacos Enterprises, Inc. franchise begins at $100,000. To learn more about a franchise opportunity, click here. 

 

El Pollo Loco 

Founded in 1980 in Los Angeles, California, and franchising since 1987, El Pollo Loco has grown to 412 locations serving Mexican-style flame-grilled chicken dishes. The franchise has been named to the lists of Top 200 Restaurants by Franchise Times and Entrepreneur Magazine Franchise 500. Startup costs to become a franchisee and own an El Pollo Loco franchise begin at $782,000. To learn more about purchasing a franchise with El Pollo Loco, click here. 

 

Taco Bell Corp. 

Founded in 1962 in Irvine, California, and franchising since 1964, Taco Bell has grown to more than 7,000 locations across 30 nations and territories serving fast-casual Mexican cuisine. Startup costs to become a franchisee and own a Taco Bell franchise begins at $360,000. To learn more about Taco Bell franchises for sale, click here. 

 

Sources: 

Cision PR NEwswire 

Foodservice Equipment & Supplies 

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