Financing

Paul Fleming partners to expand regional Tex-Mex concept

The veteran restaurateur and concept developer signed a letter of intent to work with Florida-based Tacos & Tequila Cantina.
tacos & tequila cantina logo

Longtime restaurateur Paul Fleming has signed a letter of intent to partner with three-unit Tex-Mex chain Tacos & Tequila Cantina, with plans to expand the concept outside of Florida, the parties announced Wednesday.

Details of the partnership, which also includes investment firm The Hoffmann Family of Companies, were not released.

Fleming’s backing has significance as he has created or developed a slew of restaurant brands, including Paul Martin’s American Grill, Fleming’s Prime Steakhouse & Wine Bar, P.F. Chang’s and Pei Wei Asian Diner.

Kelly and Aldo Musico opened the first Tacos & Tequila Cantina in August 2013 in Naples, Fla. The concept is known for its handmade tortillas, specialty margaritas and eclectic atmosphere.

“Tacos & Tequila Cantina blends a passion for local, fresh, hand-crafted food with a vibrant atmosphere,” Fleming said in a statement. “The culture and brand that the Musico’s built in the Naples community embodies the type of experience guests are looking for today and in years to come.”

David Hoffman, chairman of Hoffmann Commercial Real Estate and founder of private-equity firm Osprey Capital, said in a statement that he looks forward to expanding the brand “statewide and eventually nationwide.”

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Emerging Brands

The race is on for a piece of the pickleball pie

New concepts seem to pop up daily. Here's a look at how the pickleball eatertainment landscape is taking shape.

Financing

Will Subway make Roark Capital too dominant? Not really

The Bottom Line: The addition of the sandwich giant will make Roark a bigger player than McDonald's in the U.S. But its position in the sandwich market will not be all that unusual.

Financing

Restaurants still look expensive, and consumers are reacting

The Bottom Line: Restaurants have stepped off the pricing gas. But sales are slowing and traffic is weak, and more operators are turning to price promotions.

Trending

More from our partners