Jamba Juice Engages Peak Franchise Capital to Lead Refranchising Efforts

Jamba Juice Engages Peak Franchise Capital to Lead Refranchising Efforts

Peak to Serve as Exclusive Refranchising Advisor as Jamba® Accelerates Move to Asset Light Model

EMERYVILLE, Calif. - (BUSINESS WIRE) - Dec. 8, 2014 - 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).

SOURCE Jamba Inc.

Contacts:

Michael Elliot
Peak Franchise Capital
972-719-5690 (O)
972-719-5606 (F)
972-523-8344 (C)
www.peakfranchisecapital.com

Dara Dierks
Jamba
Investor Relations
Dara Dierks, 646-277-1212
investors@jambajuice.com

Mike Fuccillo
Jamba
Media Relations
510-595-0100, ext. 7
Dir. Corporate Communications
mfuccillo@jambajuice.com

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Copper Branch
No chef or previous restaurant experience required. Well established provider network controls both food and labour cost, guarantees a consistent...
e² Young Engineers
e² Young Engineers is an innovative new approach to teach STEM principles using our uniquely designed LEGO and K'nex kits.
Gloria Jean's Coffees
Gloria Jean's is known for its range of boldly flavored coffees and signature beverages. For nearly four decades, we have continued to innovate and...
The Brass Tap
Think of our brand as your neighborhood craft beer bar – only not your typical bar experience. We have optimized each of The Brass Tap’s...
Ziggi's Coffee
There's nothing quite like the perfect cup of coffee. It wakes you up and gets you on the right path. Now, you've got the chance to build a lifestyle...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.