Former Taco Bell franchisee trades retirement for Pancheros ownership at age 71

Core Insights - Franchising is essential for the restaurant industry's growth, enabling brands to scale quickly using external capital [2] - Franchisees play a significant role in the success of restaurant businesses, contributing diverse attributes and styles [2] Company Background - Dick Davis owns five Pancheros locations in Missouri and has been recognized as the Franchisee of the Year [3] - Davis transitioned from franchising convenience stores and Taco Bell locations to becoming a Pancheros franchisee in his 70s [3] Franchising Journey - Davis's initial experience in the food industry began with a Taco Bell in 1991, after being introduced to the brand through a McDonald's contact [4] - He expanded his Taco Bell operations to 21 locations at one point, ultimately selling his business with 14 locations in 2012 [4]