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This profile was last updated on 5/20/03  and contains information from public web pages.

Julian E. Montoya

Wrong Julian E. Montoya?

Junior Loan Officer

Phone: (415) ***-****  HQ Phone
United California Bank
601 S. Figueroa St.
Los Angeles, California 90017
United States

Company Description: United California Bank is California's premier financial services provider. With 115 offices statewide and $11 billion in assets, we provide superior personal,...   more
Background

Employment History

  • Executive
    Montoya
  • Navy
  • Christian Brothers College

Education

  • Christian Brothers College
Web References
Contra Costa Times | 05/20/2003 | Burrito 'king' falls on hard times
www.bayarea.com, 20 May 2003 [cached]
In 1984, Julian E. Montoya, also known as the Burrito King, was on top of the world.Starting with one taco stand at Sunset Boulevard and Alvarado Street in the late 1960s, he had built a burrito empire stretching from Anaheim to Bogota, Colombia.He was a senior official of the Los Angeles Olympics, with choice seats at all events.He ran the classiest Latin American restaurant in Los Angeles, Cache, a white-tablecloth cafe that attracted the likes of Julio Iglesias and Gloria Estefan.He and his wife, Arita, had moved into a big house in Santa Clarita, 20 miles from the crowds and traffic of the city.
Then Murphy's Law set in.
Competition grew fierce in the burrito business, Montoya recalled in a series of conversations.He failed to capitalize on a chance to franchise his operation or take it public.His employees stole his profits and his recipes, he said.The 1994 Northridge earthquake wrecked his new house a month after he had turned down the chance to buy an earthquake insurance policy.
The Burrito King chain, once 20 restaurants, has shrunk to two.Cache is just a memory.The Montoyas are living in a two-bedroom bungalow behind a Burrito King on Hyperion Avenue.Montoya's biggest project now is the restaurant concession at a city golf course in the San Fernando Valley, a venture he described as thin in profits and thick with bureaucracy.
"It's like the biblical story of the pharaoh's seven fat cows and seven skinny cows," Montoya, 64, said as he surveyed the nearly empty dining room at the Woodley Lakes Golf Course restaurant one recent afternoon.
...
Julian Montoya arrived in Miami in 1960 from his native Colombia, a 22-year-old architecture student looking for a new life.He moved to Memphis to continue his studies at Christian Brothers College, which would not accept his credits from Colombia, and he ended up working for a pharmaceutical company.
Then, he said, "I got a beautiful letter from Uncle Sam welcoming me to the United States Army."He joined the Navy instead, and was stationed in San Diego, where he was introduced to the fast-food burrito, a dollop of fried pinto beans on a flour tortilla, sometimes dressed with a spoonful of shredded cheese.Nobody was making much money on these 50-cent concoctions, but Montoya noticed that a steady stream of Mexican laborers lined up to buy them.
Montoya left the Navy and moved to Los Angeles, joining United California Bank as a junior loan officer.One of his customers owned a failing taco stand at Sunset and Alvarado in Echo Park, a diverse middle-class neighborhood west of downtown Los Angeles.Montoya bought the stand and the name Burrito King.He kept his job at the bank and managed the walk-up restaurant from his home.The place became a late-night haven for police officers, students and members of the Los Angeles Philharmonic, who arrived in tuxedos after performances.
Montoya bought another taco stand at Santa Monica Boulevard and Vermont Avenue, and renamed it Burrito King, too.Then another at Pico Boulevard and Vermont.Then the current flagship Burrito King at Hyperion and Rowena Avenues in the Silver Lake neighborhood.By the early 1980s, Burrito King had opened a stand in Bogota, two in Houston, two in Anaheim and more than a dozen others around Los Angeles County.
Burrito King's signature meal was machacha burrito, made with simmered, slightly sweet beef, refried beans, green peppers and onions.Transplanted Angelenos wrote odes to them and ordered them shipped across the country in dry ice.Food critics raved.Catering orders poured in.
But as the business grew, it became harder to monitor quality and expenses, Montoya said.
...
Montoya recalled: "The cook took me aside and said, 'Here's how it works: You take the order; you take the cash and don't put it in the register.At the end of the night we split it."'
Montoya said he did not go to the police.
...
Chains offered inferior food, Montoya said, but their lower prices cut into Burrito King's profits, and the damage was done.Montoya started selling stores, concentrating on the restaurant Cache, which opened in 1984.
Montoya was a minor celebrity in Los Angeles by then.
...
"It was a nice time, but I was already going down financially," Montoya said."Like the song says, 'Regrets, I have a few."'
Among them were failing to franchise the Burrito King name and menu, and not pursuing a feeler from PepsiCo about buying the chain.
As the chain shrank, Montoya and his wife began controlling employees more closely.Today, at the Hyperion Avenue Burrito King, he has closed-circuit cameras watching the kitchen, the dining room, the parking lot and the cashier.The Montoyas can monitor the operation on the big-screen television in the bedroom of their house behind the restaurant.
Montoya still has the trappings of success: a Jaguar and a Lexus in the driveway and a Rolex on his wrist.But, he said: "I miss the days when I had one taco stand and was an executive at the bank.
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