Jack in the Box Announces Continued Florida Expansion with New Franchise Commitments

Rhea-AI Summary

Jack in the Box (NASDAQ: JACK) has announced significant progress in its Florida expansion strategy. This includes new franchise commitments in Tallahassee and Orlando. The plan encompasses five new locations in Tallahassee and ten in Orlando. The expansion aligns with the company's strategic goals for the Southeast, leveraging Florida's population growth and business-friendly environment.

With over 400 new franchise commitments in the past three years, nearly 10% are designated for Florida. New franchisees Darshana Patel and Dan Soma emphasized the brand's strong market presence and growth potential. New locations will offer 24-hour dine-in, drive-thru, and mobile ordering options, featuring Jack in the Box's iconic menu.

Positive

• New franchise commitments for 15 locations in Florida, including Tallahassee and Orlando.
• Nearly 10% of over 400 new franchise commitments are designated for Florida.
• Expansion aligns with strategic growth plans for the Southeast.
• Florida's dynamic population growth and business-friendly environment cited as key factors.
• New locations will offer 24-hour dine-in, drive-thru, and mobile ordering options.
• Franchisees Darshana Patel and Dan Soma highlight the brand's strong market presence and growth potential.

Negative

• Specific locations for the new restaurants have not been identified.
• Potential risk of market saturation with rapid expansion.

Jack in the Box Announces New Market Expansion with Five-Unit Commitment in Tallahassee and Additional Ten-Unit Agreement for Orlando

With Over 400 New Franchise Commitments Secured in the Last Three Years, Nearly 10% Are Slated for Florida

SAN DIEGO, Calif.--(BUSINESS WIRE)-- Jack in the Box Inc. (NASDAQ: JACK), a leading national quick-service restaurant company, today announced significant progress in its Florida expansion plans with new franchise commitments in Tallahassee and Orlando.

“Expanding into Florida, one of the nation's largest and fastest-growing states, aligns perfectly with our strategic plan for the Southeast,” said Tim Linderman, chief development officer. “We're thrilled to bring our iconic brand to Tallahassee, our next new market, and further develop our presence in Orlando.”

The details for the franchise expansion plans include future development commitments for five locations in Tallahassee and an additional ten locations in Orlando. Specific locations for each restaurant have not been identified.

“With extensive experience in QSR management and retail healthcare operations, we sought to integrate a distinguished brand into our portfolio,” stated Darshana Patel, the new Tallahassee-based Jack in the Box franchisee. “After evaluating numerous development opportunities, we identified Jack in the Box as the premier choice. We are thrilled to join their dynamic new-market expansion in the Southeast and contribute to their growth and success.”

Florida's dynamic population growth and business-friendly environment were cited as key factors driving the expansion. With over 400 new franchise commitments secured in the last three years, nearly 10% of which are slated for Florida, the company emphasizes its commitment to the Sunshine State.

"We currently operate a globally recognized family dining concept, but we see the business opportunity in the quick-service segment,” said Dan Soma, Orlando-based Jack in the Box franchisee. “We’ve been looking for a brand partner that’s well known nationally and that provides us with an opportunity for scale. We believe we’ve found this with Jack in the Box, and we are excited about this new partnership and opportunity to serve the greater Orlando community."

Jack in the Box is known for its iconic menu that features customer favorites like burgers, tacos, chicken sandwiches, milkshakes, breakfast, and late-night snacking options. The new locations will offer dine-in, drive-thru, and mobile ordering options and will be open 24 hours per day.

Jack in the Box has franchise opportunities available throughout Florida as well as markets across the country. If you are interested in learning how you can own your own Jack in the Box franchise, please visit www.jackintheboxfranchising.com or email Dustin.Thompson@jackinthebox.com.

About Jack in the Box

Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,200 restaurants across 22 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 16 states. For more information on both brands, including franchising opportunities, visit www.jackintheboxfranchising.com and www.deltacofranchise.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603224631/en/

Dustin Thompson

Director of Franchise Development

dustin.thompson@jackinthebox.com

Source: Jack in the Box Inc.

FAQ

What are the new franchise commitments for Jack in the Box in Florida?

Jack in the Box has secured new franchise commitments for five locations in Tallahassee and ten in Orlando.

How many new franchise commitments has Jack in the Box secured in the past three years?

Jack in the Box has secured over 400 new franchise commitments in the past three years.

Why is Jack in the Box expanding into Florida?

Florida's dynamic population growth and business-friendly environment are key factors driving Jack in the Box's expansion.

What services will the new Jack in the Box locations in Florida offer?

The new locations will offer 24-hour dine-in, drive-thru, and mobile ordering options.

What strategic goals does the Florida expansion align with for Jack in the Box?

The expansion aligns with Jack in the Box's strategic growth plans for the Southeast.