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Jamba Juice to sell 13 Fla. locations
September 7, 2010
Jamba Juice has signed a purchase agreement for 13 stores in Florida with Arturo Zindel, Jordi Zindel, Guillermo Perez Vargas, and Angel Herrera, principals of Great Service Restaurants LLC (GSR). The 13 stores supplement and the 102 previously refranchised stores will lead to the achievement of almost 80 percent of the company’s refranchising initiative.
The recent transaction is expected to close in early October.
In conjunction with the 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.
“Florida is a prime location for Jamba Juice and we see a tremendous opportunity for growth in this market,” said Thibault de Chatellus, senior vice president, Global Franchise and Development, Jamba Juice Company. “The GSR team has tremendous franchise operations experience. They also have strong ties to the community which gives them a hometown advantage to engage with customers and local businesses, drive broader awareness of the Jamba Brand, and increase traffic to their stores.”
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