solita Tacos & Margaritas

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solita Tacos & Margaritas - overview

Established

2013

Location

Huntington Beach, CA, US

Primary Industry

Travel & Leisure

About

Solita Tacos & Margaritas offers gourmet tacos and margaritas, focusing on quality and flavor. With a commitment to sustainability, they craft unique taco experiences using fresh ingredients sourced locally. Founded in 2013 in Huntington Beach, US, Solita Tacos & Margaritas specializes in gourmet taco offerings. In November 2019, the company was acquired by Xperience XRG Restaurant Group, a portfolio company of Z Capital Group.


Financial terms were not disclosed. Solita Tacos specializes in providing a range of gourmet taco offerings that prioritize quality and flavor. Their main products include a variety of taco styles, crafted using fresh, locally sourced ingredients, designed to cater to diverse taste preferences. The company focuses on creating unique flavor combinations that enhance the traditional taco experience, with a commitment to sustainability and responsible sourcing.


Their end-use cases primarily target food enthusiasts and consumers looking for premium dining options in casual settings. Solita Tacos operates in metropolitan areas across the United States, specifically targeting urban centers where there is a higher demand for innovative culinary experiences. The revenue model of Solita Tacos is structured around direct-to-consumer sales, primarily through their retail outlets and food trucks. Customers can enjoy their products in-store or via takeout, creating a streamlined transaction process that emphasizes convenience and quality service.


The company’s pricing strategy includes individual taco purchases, combo meals, and catering options, appealing to both single customers and larger groups. Flagship products feature prominently in their offerings, attracting a diverse client base that includes local residents and tourists. Partnerships with local events and festivals further enhance their revenue streams by broadening their market reach and increasing visibility in targeted geographical areas. Following the acquisition by Xperience XRG Restaurant Group in November 2019, Solita Tacos & Margaritas aims to expand its product lineup with new gourmet taco varieties and signature margaritas in 2024.


The company plans to enter additional markets, targeting urban centers across the US to increase its footprint by 2025. Recent funding will support these initiatives by enhancing marketing efforts, streamlining operations, and possibly launching new locations to meet growing consumer demand.


Current Investors

Xperience XRG Restaurant Group

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

www.solitatacos.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

solita Tacos & Margaritas - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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solita Tacos & Margaritas - employee data

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