In a large pot or Dutch oven, fry bacon over medium-high heat until crispy. Add onions and garlic to pot, and cook until onions are translucent and soft.
Season ground beef with Adobo and add to the pot mixture, breaking the meat into smaller pieces and cooking until brown.
Once beef is browned, add beans, tomato sauce, 2 cups water and remaining ingredients. Bring mixture to a boil, cover and simmer 20 minutes.
Meanwhile, grill hot dogs until they are lightly charred and warm throughout.
Place each hot dog in a bun and top with cheese, if desired. Then, top each hot dog with chili and serve.