DES MOINES — Taco John’s of Iowa, the owner of the Mason City CherryBerry Yogurt store, has decided to close its Mason City store at the end of the business day tomorrow, Tuesday, Oct. 14. According to Founder Bill Byrne, the company is repositioning its capital as it simultaneously acquires additional Taco John’s restaurants.
“The financial performance of the frozen yogurt sector, our stores included, has been disappointing,” Byrne said. “With our pending acquisition it became more important to us that we realign our capital and human resources to better maximize our return on investment.”
The specifics of the coming acquisition are still confidential. Byrne did say, however, that the Taco John’s acquisition is scheduled to be completed in November.
Editor’s note: NIT previously reported this story. This information is released directly from the company.