Nov. 20, 2012
Jamba Juice Company today announced its intent to expand throughout its home state of California with a growth plan that includes the opening of up to 120 new Jamba Juice stores in select territories throughout the next seven years.
Jamba plans to open multiple new company-owned locations as well as create the opportunity for multistore development agreements with existing and new franchisees.
"Expanding Jamba's presence in our home and founding state of California reflects the confidence we have in the popularity of our healthy active lifestyle brand, and our strong and strengthening business model," said James D. White, chairman, president and CEO, Jamba Juice Company. "We expect California expansion will take place in the form of strategic company store growth, expansion opportunities with current franchise partners, and more opportunity for new owners to join the Jamba family."
Jamba sees significant opportunity to develop incremental new stores in California in more than 100 trade areas and more than 25 mall locations, and intends to offer store development packages to qualified new and existing franchisees.
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