Jamba, Inc, (JMBA 1.99, +0.06, +3.11%) has announced the sale of 25 restaurants in Washington to existing franchisee, Prudence Swann, principal of PB Swann, LLC. The agreement includes a commitment to further expand the Jamba Juice brand by developing two additional stores in the Seattle market.
"With the choices in restaurant franchises available for investment, we are thrilled that PB Swann, one of our existing franchise operators, has chosen to expand her relationship with us. Prudence is a first class operator and her investment speaks to her belief in the strength and growth potential of the Jamba brand," said Thibault de Chatellus, Senior Vice President, Global Franchise and Development, Jamba Juice Company.
"The completion of the sale of 81 restaurants is a huge accomplishment for our Company. Our team has been working hard on this initiative and it's clearly paying off. We fully expect to have the refranchising initiative completed by the close of 2010," said James D. White, Chairman, President and CEO, Jamba, Inc.
Jamba Juice expects to add up to 50 new domestic franchise locations in 2010. This recent franchise development activity reflects the accelerated growth of the Company and supplements the 287 currently operating franchise stores.
The Company is committed to strategically growing the Jamba brand and refranchising is one component of a broader plan for achieving that goal. To learn more about franchise opportunities contact Jamba at http://www.jambajuice.com/#/us_franchise. For information on the Company's refranchising initiative, contact The Praetorian Group at 1-888-358-3325 or visit their website at www.praetoriangroup.net
About Jamba, Inc.
Jamba, Inc. (JMBA 1.99, +0.06, +3.11%) is a holding company and through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE(R) stores. Founded in 1990, Jamba Juice is a leading restaurant retailer of better-for-you food and beverage offerings, including great tasting fruit smoothies, juices, and teas, hot oatmeal made with organic steel cut oats, wraps, salads, sandwiches, and California Flatbreads(TM), and a variety of baked goods and snacks. As of April 20, 2010, Jamba Juice had 745 locations consisting of 458 company-owned and operated stores and 287 franchise stores. For the nearest location or a complete menu, visit the Jamba Juice website at www.jambajuice.com or call 1-866-4R-FRUIT (473-7848).
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