Meet Taco Bell's CEO
Taco Bell is a huge brand in America Ė so huge, in fact, most of us here in the UK have heard of it. Letís find out more about the man behind the business, the Taco Bell CEO, Mark King.
Who is Taco Bell CEO, Mark King?
After graduating from the University of Wisconsin with bachelorís degree in business management, Mark King has seen multiple successes leading the development of household-name brands in the US. Heís been part of the Taco Bell brand since 2018 and works alongside Julie Felss Masino, the President of Taco Bell International.
Before King joined the fast food chain, he was President of Adidasí North America group, and doubled its market share in just one year. And earlier on in his career, he was also CEO of TaylorMade-Adidas Golf, which became the worldís leading golf business.
What is Taco Bell?
Taco Bell is an American restaurant franchise serving Tex-Mex and Mexican-inspired food, from burritos and quesadillas to nachos and, of course, tacos! While the chain offers a vegetarian menu, it prides itself on its delicious meat offering, which includes seasoned beef, grilled chicken and slow-cooked pork.
In each of its restaurant locations, Taco Bell puts the customer first. It uses trusted suppliers who share the brandís food safety and quality standards and makes dishes in open kitchens so customers can see how food is prepared. Whatís more, vegetarian and vegan consumers can get their hands on a vegetarian version of any dish by simply asking for the meat to be substituted for ďhearty beansĒ.
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The popular restaurant network belongs to the Yum Brands Inc. group, which Mark King is also CEO for, and operating brands include Pizza Hut, KFC and The Habit Burger Grill. According to Restaurant Business, Yum Brands is the worldís largest restaurant network, with 46,000 restaurants across 140 countries.
But where does the Taco Bell story begin? Well, it all started in the mid-1950s, when Glen Bell opened two restaurants in San Bernadino: Taco Tia and Bellís Drive-In. It wasnít until 1962, however, that Bell had dropped these brands and decided to open the first Taco Bell restaurant. This was situated in Downey, California, where the locals loved its delicious menu of Ďtay-kohsí.
Two years later, Bell welcomed the businessí first franchisee, who opened a second Taco Bell restaurant in Torrance, California. Over the following three years, 98 more restaurants emerged. In 1978, Bell sold the 868 Taco Bell restaurants to PepsiCo Inc. and became a PepsiCo shareholder. PepsiCo maintained this ownership for the next 19 years, until Tricon, Taco Bellís new parent, announced the brandís independence.
During the 1990s, the brandís leaders launched a number of new initiatives to boost profitability by focusing on customer demand. 1991 saw the introduction of Taco Bell Express, which could serve on-the-go customers much quicker. In 2010, tacobell.com was launched. Consumers could find their nearest restaurant and its menu options, as well as job vacancies and contact information. Sadly, Bell passed away the same year, at the age of 86.
Four years later, in 2014, the Taco Bell app was introduced, giving customers the opportunity to order and pay for their food in advance. The following year, the brand introduced a delivery service to certain locations in the US, and in 2017, it expanded its reach by partnering with Deliveroo.
To this day, Taco Bell likes to do its bit for the community. Thatís why it has founded The Taco Bell Foundation, which works to help young people in the US achieve their potential. The brand has used its influence to reach big organisations and create valuable programmes for 16-24 year olds. So far, the Foundation has supported over 3.5 million Americans and awarded more than $72 million in grants and scholarships.
Does Taco Bell franchise?
Taco Bell is an internationally recognised franchise brand, with restaurants across the US, the UK, Spain, Cyprus, Canada, Chile, Guatemala, Japan, Korea and India. Today, there are almost 7,500 Taco Bell restaurants worldwide. Over 7,000 of these are in the US, while the UK is home to 25 locations, spread from Southampton to Glasgow.
But despite the brandís success, consumers still canít get enough of Taco Bellís Mexican-inspired food, and the brand is actively looking for franchisees to help it expand even further. Entrepreneurs from across the world can apply to become a franchisee and set up a restaurant branch in their local area, subject to approval.
So, if you like the sound of opening a profitable restaurant business with an almost guaranteed customer base, Taco Bell could be the way to go. Franchisees could see success by opening more branches in the UK, as the ever-growing diversity of the UKís food sector means customers are hungrier for international foods than ever before.
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Alternative franchise opportunities in the fast food sector
Fireaway puts the fast in fast food. This pizza franchise offers its customers authentic, Italian, stone-fired pizza in just three minutes. But just because theyíre served in record time doesnít mean the pizzas compromise on taste or quality. The business launched in 2011 and has since opened 17 stores in the London area. Itís set to open even more too!
- Becoming a Fireaway franchisee: Because Fireawayís current ambition is to drastically increase its UK presence, it isnít trying to make profits from its franchisees. Visit its profile page to get started.
- How much you need to invest: To become a Fireaway franchisee, you need to make a total investment of £49,000. The expected revenue after two years is an impressive £500,000.
- What you get for your investment: Fireaway will sort out marketing and supply the most talented chefs from Italy to make sure that the brandís high standards are maintained across every franchise location.
Five Guys truly cares about the quality of its food, selling Irish beef in its UK outlets and cooking everything from scratch, without the use of frozen ingredients. Whatís more, customers can customise their menu choices to their heartís content, with over 250,000 burger, hotdog and sandwich topping combinations and 1,000 milkshake flavour combinations.
- Becoming a Five Guys franchisee: If youíre passionate about the fast food industry and are business minded, you are encouraged to apply. To learn more, head to Five Guysí profile page.
- How much you need to invest: Youíll need to be able to invest between £300,000 and £550,000.
- What you get for your investment: From the very start, youíll receive all of the technical support you need. On-site training lasts for two weeks and additional support including everything from the grand opening to security.
Launch your own fast food business
If youíve been inspired by the Taco Bell CEO, Mark King, you may be interested in opening your own fast food restaurant. Weíve covered a couple of opportunities open to you, but weíve got a range of different investment options available for fast food franchises. Browse the list to find your perfect business.
Alice Tuffery, Point Franchise ©
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