The estates of Pollo West Corp. and Mi Pollo Inc., owners and operators of 13 El Pollo Loco restaurants, have put nine units up for sale.
According to the OC Register, the sale will be overseen by the Newport Beach brokerage company. Most of the units are located in the Los Angeles market.
The decision to put the units up for sale is a result of a bankruptcy petition filed by the company in February.
The Costa Mesa, Calif.-based chain recently completed a refinancing agreement. However, sales have been slow at the company, including a net loss of $4.7 million for the period ended March 30.
El Pollo Loco Franchisee Puts 9 SoCal Units Up For Sale
August 4, 2011 by Mark | 0 Comments