Jamba Inc. (NASDAQ:JMBA), a leading health and wellness brand and the
leading retailer of freshly squeezed juice, today announced that the
Company has engaged Peak Franchise Capital, a leading advisory
firm focused on the restaurant industry, to lead its recently-announced
refranchising effort. Jamba announced in November plans to refranchise
up to 114 stores during the first half of 2015, while also focusing on
growth initiatives and reducing expenses.
Peak Franchise Capital, based in Irving, Texas, brings extensive
industry knowledge. The company’s principals have executed over $1
billion of transactions. The Peak team will help facilitate the sale of
Jamba stores in key California markets, including San Francisco, San
Diego, and Sacramento.
“We are excited to engage with Peak on this important initiative,”
stated James D. White, chairman, president, and CEO, Jamba, Inc. “The
Company is committed to working with experienced operators who are
financially qualified to grow.”
Jamba received considerable interest from prospective franchisee bidders
shortly after the November announcement and remains on track to complete
its accelerated refranchising program within the first half of 2015. The
Company believes it will be in position to achieve its target of at
least an 80%+ franchise-to-company-owned model in the next 12 months and
remains on track to add 500 additional franchised stores in the next
five years, further positioning it as an asset light model. Jamba Juice
also recently hosted franchise recruiting events in key markets in the
East and Mid-West, which attracted a number of potential new franchise
partners.
Jamba is looking forward to existing franchisees and potential new
franchisees engaging the refranchising process. Communications for this
program should be directed to Peak Franchise Capital (contact
information below).
About Jamba Juice Company
Founded in 1990, Jamba, Inc. is a leading restaurant retailer of
better-for-you, specialty beverage and food offerings, which include
great tasting, whole fruit smoothies, fresh squeezed juices and juice
blends, hot teas, and a variety of food items including hot oatmeal,
breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods, and
snacks. As of September 30, 2014, there were 862 Jamba Juice store
locations globally. Jamba is a proud sponsor of "Team Up for a Healthy
America" in the fight against childhood obesity and encourages fans to
join the Team Up community of celebrities, athletes, and other leaders
committed to getting kids active and involved at www.myhealthpledge.com.
Fans of Jamba Juice can find out more about Jamba Juice's locations as
well as specific offerings and promotions by visiting the Jamba Juice
website at www.JambaJuice.com
or by contacting Jamba's Guest Services team at 1-866-4R-FRUIT
(473-7848).
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