College Street mainstay Rancho Relaxo will serve its last margarita on August 15. The multi-storey space near Kensington Market has been dishing out Tex-Mex food and live music for nearly 20 years.

Along with its varied menu, featuring vegan and gluten-free options, Rancho Relaxo catered to hungry Torontonians and provided a venue for numerous up-and-coming musicians to showcase their work.

Earlier this year, the restaurant relaunched as the much chicer sounding Rancho Relaxo Cantina. Along with the name change, this makeover included renovations and an elevated menu. However, a few months later, the eatery reverted back to its original menu.

Though the sit-down restaurant and music venue will soon disappear, Rancho Relaxo will remain in Toronto as a food truck. Keep your eyes peeled for a black truck with lime green writing because you won't want to miss out on treats such as deep fried ice cream, fish tacos and quesadillas.

Will you miss Rancho Relaxo on College Street? Let us know in the comments.

Photo by Cess Ginger in the blogTO Flickr pool.