Barbecue and burrito purveyor Mexicue is on the verge of a massive expansion. Last year the founder of Ruby Tuesday, Sandy Beall (who no longer has any connection to that chain) took a 25 percent stake in the company, and now the team announces that it plans to open five more outposts in New York, followed by more outside the city at a rate of two a year.
Mexicue started as a food truck back in 2010, but Crain's reports that the trucks are no longer on the streets. Now it has one brick and mortar restaurant on Seventy Avenue, with two others under construction in Times Square and NoMad (the Lower East Side location shuttered recently). Of the decision to nix the trucks entirely, co-owner David Schillace tells Crain's: "In the beginning, we were making money hand over fist...But then the city cracked down on food trucks." Now they'll be used just for catering events.
· Mexicue Bags Big Investor for Expansion [Crain's]
· All Coverage of Mexicue [~ENY~]