SAN DIEGO, Aug. 18, 2021 /PRNewswire/ -- Jack in the
Box Inc. (NASDAQ: JACK), one of the nation's leading QSR chains,
announced today it has awarded 16 franchise development agreements
year-to-date through the end of Q3 of Fiscal Year 2021 to build 64
new locations in Arizona,
California, Idaho, Texas
and Utah. The announcement follows
the relaunch of Jack in the Box's franchise development program
earlier this year encouraging existing and new franchisees to grow
with the brand.
"Relaunching the franchise opportunity has been exciting and was
one of our main priorities going into 2021. Over the last year and
a half, we've proven to be pandemic-resistant and we're eager to
grow with our current franchisee network, as well as prospective
owners," said Darin Harris, CEO of
Jack in the Box. "In order to grow, we needed to re-energize our
franchisees and strengthen relationships with our existing
franchisee network. We're humbled that operators want to be part of
Jack in the Box and we will continue to provide a brand that brings
in guests and systems that ensure our franchisees are equipped to
successfully provide great food and service."
Following an impressive third quarter in which franchise
same-store sales increased 10.3%, Jack in the Box is now ramping up
development and looking to penetrate markets and build brand
awareness. As part of the development agreements, Jack in the Box
will enter Salt Lake City,
Chicago and Louisville for the first time. The brand will
also expand existing footprints in Houston, Phoenix, San
Francisco, Los Angeles, and
Dallas, among other cities.
"This is a fun brand with immense growth potential, and we're
very encouraged to see such interest from franchisees looking to
build their footprint and reach more guests across the communities
they serve," said Tim Linderman,
Senior Vice President, Franchise and Corporate Development of Jack
in the Box. "While we're encouraged by the development interest,
our work is really just beginning. We'll continue to build a strong
pipeline of future openings and ramp up real estate efforts to
achieve our opening goals. The future is very bright at Jack in the
Box, and we look forward to awarding more development agreements
and opening additional restaurants shortly."
With a goal of reaching 4 percent annual restaurant growth by
2025, Jack in the Box has opened 10 locations through the third
quarter of Fiscal Year 2021. In addition, Jack in the Box unveiled
its new MK12 prototype earlier this year, which is off-premise only
and features a lane for drive-thru, as well as a lane for online
pick-up and third-party delivery. The new prototype will cut
development costs 18-23 percent and allows for more storage
capacity and dual-assembly kitchens. The first two MK12 locations
operating in Oklahoma and
California are slated to open in
fiscal year 2022.
Franchise opportunities remain in areas across the U.S.,
including the Southeast, Southwest, West, Northwest and Midwest and
target states including North
Carolina and South
Carolina, and cities such as Chicago, Salt Lake
City, Kansas City, Louisville and many surrounding areas. For
more information about development opportunities, contact
Stacy Soderstrom, Franchise
Recruitment Manager, at Stacy.Soderstrom@jackinthebox.com or (720)
635-8591, or visit jackintheboxfranchising.com.
About Jack in the Box Inc.
Jack in the Box Inc.
(NASDAQ: JACK), based in San
Diego, is a restaurant company that operates and franchises
Jack in the Box® restaurants, one of the nation's
largest hamburger chains, with more than 2,200 restaurants in 21
states and Guam. For more
information on franchising opportunities with Jack in the Box,
visit https://www.jackintheboxfranchising.com/.
Contact:
Matt
Ritter
Fish Consulting
954-893-9150
mritter@fish-consulting.com
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SOURCE Jack in the Box