This recent transaction is expected to close by the end of the fourth quarter 2010.
Franchise operators Maltz, Wagonfeld and Kaufman joined the Jamba Juice franchise in February 2010 with the purchase of eight stores. They subsequently invested in the purchase of seven additional stores. With the close of this transaction, they will own a total of 30 Jamba Juice locations in central California and Colorado.
“Jamba Juice has a very strong health and wellness platform and continues to innovate with new better-for-you food and beverage offerings that truly position them as a leading healthy, active lifestyle brand,” said Maltz. “It’s a testament to our belief in the Jamba Brand that we have chosen to invest in our third market with Jamba Juice.”
Maltz, Wagonfeld and Kaufman, in conjunction with this agreement, have committed to further expansion of the Jamba Juice Brand by developing four additional stores in Colorado. The planned development activity will contribute to Jamba’s plans to accelerate franchise store growth and expand market share.
Source: Jamba Juice
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