Pancheros Mexican Grill was founded in 1992 by current owner and CEO Rodney Anderson. Anderson opened his first location across from the University of Iowa campus with money he earned in the stock market. The company then expanded to 10 more locations, all of them near college campuses.
Today, the company has more than 67 mostly franchised locations across the US. They are best known for their Tex-Mex style food, including tortillas made by hand at each location. With almost every location being open 24 hours, Sports Illustrated voted Pancheros the most popular restaurant to go to when the bars close down.
The company serves burritos, tacos, burrito bowls, and salad. In addition to fresh tortillas, the company makes its salsa, queso dip, and guacamole fresh at each restaurant each day.