Taco del Mar was auctioned in a bankrupcty sale Thursday, and the winning bid of $3.25 million came from a Connecticut company called Franchise Brands.
A bankruptcy court judge still must approve the sale, said Les Winograd, a spokesman for Franchise Brands. He said it's premature to comment on the firm's plans for the brand.
Seattle-based Taco del Mar, which runs and franchises a chain of Mexican fast-food shops, filed for Chapter 11 bankruptcy protection in January. It owns roughly 22 stores in the U.S., Canada and Guam and sells franchise rights to others. Individual Taco del Mar franchisees are not in bankruptcy.
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