Jamba, Inc. Continues to Accelerate Expansion, Enters 25-Unit Development Agreement in Manhattan and Long Island Markets
August 03 2015 - 8:30AM
Business Wire
Jamba Enters Deal with Experienced Franchise
Partners as Growth Plan Continues in U.S. East
Jamba, Inc. (NASDAQ:JMBA) a leading health and wellness brand
and leading retailer of freshly-squeezed juice announced an
acceleration of its retail growth plan with a development agreement
that will yield 25 new locations in key New York markets. The
agreement was reached with Steve Menexas who, with his brother
George Menexas, bring a wealth of franchising experience from other
restaurant concepts, including Dunkin’ Donuts and Tony Roma’s. Mr.
Menexas is a highly seasoned business owner and veteran of
franchising, having been cited as “Global Franchisee of the Year”
and “Global Partner of the Year” from other restaurant chains.
“We are excited with our continued expansion across the U.S. and
particularly in such an important market as New York,” stated James
D. White chairman, president and CEO of Jamba. “And we are pleased
to extend our partnership to Steve and George, who are proven
business owners, as we continue to accelerate the Company’s growth
initiative.”
Jamba offers flexible retail formats ranging from full-size,
traditional stores to several smaller formats that lend to
placement in a broad set of locations. The 25 new locations will be
comprised of a variety of Jamba formats, and will be built in
Manhattan and Long Island. Menexas plans to open the first four to
six locations by early 2016.
About Jamba
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 June 30, 2015, there were 807 Jamba®
stores system-wide in the United States, of which 601 are
franchise-operated stores, and 206 are Company-owned. 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).
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version on businesswire.com: http://www.businesswire.com/news/home/20150803005670/en/
Jamba JuiceMike Fuccillo, 510-596-0100, X-7Dir. Corporate
Communicationsmfuccillo@jambajuice.com
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