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Jamba enters into 13-store purchase agreement
Jamba Juice has announced the signing of a purchase agreement for 13 stores in Florida with multi-unit franchise operators Arturo Zindel, Jordi Zindel, Guillermo Perez Vargas and Angel Herrera, principals of Great Service Restaurants, LLC (GSR).
The 13 stores represented in this purchase agreement supplement the 102 previously refranchised stores and will lead to the achievement of almost 80% of the company’s refranchising initiative. This recent transaction is expected to close in early October 2010.
In conjunction with this agreement, GSR committed to further expand the Jamba Juice brand by developing nine additional stores in southeastern Florida. This development activity will contribute to Jamba’s growing presence in the Florida market and overall expansion plans for the East Coast.
Source: Jamba
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