Downey Firm to Finance Five Fast-Food Outlets
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A Downey venture-capital company that bought a 40% interest in privately held Green Burrito Ltd., headquartered in Costa Mesa, has agreed to finance the construction of five outlets of the small, Mexican fast-food restaurant chain to be built in Orange County.
The first of the five new restaurants, to be located in the Orange Mall, is scheduled to be completed in February, said Bob Gibson, an attorney for Superior Ventures Corp., which paid about $700,000 for its 40% interest in Green Burrito. The other four restaurants financed by Superior Ventures should be completed 12 months after the first, Gibson said.
Currently, Green Burrito, producing Mexican cuisine with Puerto Rican recipes, operates five restaurants in the greater Southeast Los Angeles area.
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