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You got the demographics right but there are many O'Tacos in Paris, just not much in the Champs-Elysées area.

I've never tried it myself, they look disgusting. I probably would have, if I was younger...

Which is quite ironic, because to locals the Champs Élysées is known to be a hang-out place for banlieusards, a place where companies have flashy flagship stores, and clueless tourists who do not expect either of those things. If there is a place to have O'Tacos restaurants in Paris, the Champs are far from the worst place.

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