Jamba Juice Engages Peak Franchise Capital To Lead Refranchising Efforts

Jamba Inc. JMBA, a leading health and wellness brand and the leading retailer of freshly squeezed juice, today announced that the Company has engaged Peak Franchise Capital, a leading advisory firm focused on the restaurant industry, to lead its recently-announced refranchising effort. Jamba announced in November plans to refranchise up to 114 stores during the first half of 2015, while also focusing on growth initiatives and reducing expenses. Peak Franchise Capital, based in Irving, Texas, brings extensive industry knowledge. The company's principals have executed over $1 billion of transactions. The Peak team will help facilitate the sale of Jamba stores in key California markets, including San Francisco, San Diego, and Sacramento. “We are excited to engage with Peak on this important initiative,” stated James D. White, chairman, president, and CEO, Jamba, Inc. “The Company is committed to working with experienced operators who are financially qualified to grow.” Jamba received considerable interest from prospective franchisee bidders shortly after the November announcement and remains on track to complete its accelerated refranchising program within the first half of 2015. The Company believes it will be in position to achieve its target of at least an 80%+ franchise-to-company-owned model in the next 12 months and remains on track to add 500 additional franchised stores in the next five years, further positioning it as an asset light model. Jamba Juice also recently hosted franchise recruiting events in key markets in the East and Mid-West, which attracted a number of potential new franchise partners. Jamba is looking forward to existing franchisees and potential new franchisees engaging the refranchising process. Communications for this program should be directed to Peak Franchise Capital (contact information below).