In 1992, I started my tortilleria with $13,000 in savings and the belief that I could bring you the most fantastic tortillas outside Mexico. The journey to become the best tortilla maker in America has lasted 17 years. La Bonita Ole now supplies over 20 food retailers in 28 states, does over $12 million in sales, and employs more than 40 people. Many miracles have taken place along the way, and I believe that we can make another one happen. Together.
In 2008, my company was forced into Chapter 11 bankruptcy to satisfy lenders in the current credit climate. The move allowed La Bonita Ole to reorganize, continue paying its bills, meeting the payroll, and producing tortillas for you to enjoy. In fact, we are among a small percentage of viable companies in bankruptcy that are successful. However, the situation has become critical. SunTrust Bank may move to sell the company. We are a solid and profitable business in a growing industry. Under the present management. La Bonita Ole should continue making the best tortillas you have ever tasted.
By signing the petition, you’ll help keep my dream alive, save employees and ask SunTrust Bank to be a hero in the banking industry by supporting American entrepreneurial spirit. In today’s national financial crisis, we are a miracle that can come true.
La Bonita Olé Financial Highlights
- We continue to grow despite the economy and chapter 11.
- We have had positive cash flow every year except 2007 when growing pains related to expanding into new markets caused losses.
- During the chapter 11 in 2008 we grew our sales by 9% and accomplished a $2.0M dollar positive financial turnaround.
- This is a viable successful business and existing management has implemented an operational and financial turnaround plan that has is succeeding.
To find out more information about Tammy and La Bonita Olé, Check out the Taco Timeline and the Financials Info to your right.
America, Help us Save the Tortillas!
