Sunday, May 10, 2009

Confirmation on El Pollo Loco Beaverton

This link confirms what they told me at the Wood Village El Pollo Loco. The Beaverton location is opening at the end of June:

El Pollo Loco restaurant closes its doors

However, the Vancouver, WA location is abruptly closed. I wondered if they moved the equipment from the Vancouver location to the Beaverton location. It was odd that the building in Beaverton has appeared finished so long but not opened. In this economic environment I have assumed the franchisee is out of cash. The building has been for sale but the price seems way out of line for the building (over 1 million). Even if you assume the lease is good for the duration, the returns don't seem high enough to justify taking any risk at all.

If you can only afford equipment for one location, the Beaverton location is a much better choice than the one they had in Vancouver. The Beaverton location is close to the Five Guys that became the highest grossing Five Guys location in the country soon after opening.

Looking forward to being able to pick up an El Pollo dinner on the way home...

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