Jack in the Box Inc. Refranchises 18 Restaurants in the Houston Area
August 10, 2012 // Franchising.com // SAN DIEGO, - Jack in the Box Inc. (NASDAQ: JACK) today disclosed the details of a refranchising transaction that was completed in May and included in the company's thirdquarter operating results, which were announced on August 8. On May 21, MZK Enterprise, LLC acquired 18 Jack in the Box® restaurants in the Houston area for $7.3 million.
The transaction reflects the company's strategic initiative to expand franchising and franchise ownership in the Jack in the Box system. Including these 18 restaurants and 37 locations sold in April, Jack in the Box Inc. expects to sell approximately 100 restaurants in fiscal 2012. The company is currently seeking experienced, multi-unit restaurant operators to refranchise certain company markets in the southeast and midwest. In Tulsa, Kansas City, Indianapolis and Cincinnati, new franchisees can acquire up to 10 restaurants that recently opened or are under development, then further develop the market with royalty and franchise fee incentives. Other markets approved for franchise development include Louisville, Cleveland, Wichita, Omaha, Little Rock, Fayetteville and Champaign. For more information on franchising opportunities, visit www.jackinthebox.com/franchise.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), 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 2,200 restaurants in 20 states. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill®, a leader in fast-casual dining, with more than 600 restaurants in 42 states and the District of Columbia. For more information on Jack in the Box and Qdoba, including franchising opportunities, visit www.jackinthebox.com or www.qdoba.com.