Jack in the Box Inc. Announces Franchise Development Agreement in New Mexico

By: Jack in the Box | 1 Shares 320 Reads

September 10, 2007 // Franchising.com // SAN DIEGO – Jack in the Box Inc. has signed a franchise development agreement to expand Jack in the Box® restaurants into Albuquerque, N.M. The agreement reflects the company's strategic initiative to grow the Jack in the Box brand by increasing franchise ownership.

The company signed the agreement with Laura Olguin, a veteran Jack in the Box franchisee who currently operates 28 restaurants in the Tucson area, to open 10 restaurants in Albuquerque. The first restaurant is tentatively scheduled to open in late 2008.

Jack in the Box Inc. (NYSE: JBX), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation's largest hamburger chains, with more than 2,100 restaurants in 17 states. The company also operates a proprietary chain of convenience stores called Quick Stuff®, with more than 50 locations, each built adjacent to a full-size Jack in the Box restaurant and including a major-brand fuel station. Additionally, through a wholly owned subsidiary the company operates and franchises Qdoba Mexican Grill®, an emerging leader in fast-casual dining, with more than 370 restaurants in 39 states. For more information about the company and its franchise program, visit www.jackinthebox.com.

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