An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Jack in the Box Signs Franchise Agreement with Operating Group for 37 New Locations
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Jack in the Box Inc. (NASDAQ: JACK) has entered a significant agreement with Cedar Tree Restaurant Group, led by Jeff Yablun and Frank Conley, aiming to develop 37 new and acquire 46 existing units across Nashville, Baton Rouge, Greenville, and Charlotte. This deal marks the largest single franchise commitment within 267 signed since mid-2021. Following its Q4 earnings call, the company is optimistic about positive net unit growth for the first time in four years, highlighting confidence in the brand's future.
Positive
Signed agreement for 37 new and 46 existing restaurants boosts growth potential.
Largest franchise commitment among 267 signed since mid-2021 indicates strong franchise interest.
Positive net unit growth projected for the first time in four years reflects brand recovery.
Negative
None.
Restaurant Industry Veterans Sign with Iconic QSR Brand for Existing Units and New Unit Development Throughout Nashville, Baton Rouge and the Carolinas
SAN DIEGO--(BUSINESS WIRE)--
Jack in the Box Inc. (NASDAQ: JACK) announced today a signed agreement with Jeff Yablun and Frank Conley of Cedar Tree Restaurant Group for 37 new restaurants and 46 existing stores in four southeast markets: Nashville, TN, Baton Rouge, LA, Greenville, SC, and Charlotte, NC.
“I became familiar with Jack in the Box during my time living in California, so I understand the strong following fans already have for the brand and the unique space that Jack occupies in the industry,” said Yablun. “When the potential to franchise with them presented itself, we knew it was an opportunity we couldn’t pass up. We’re thrilled for Jack in the Box to be the first addition to the Cedar Tree portfolio and how we’ll be able to work with the brand’s leaders to take Jack to new heights.”
This signed deal comes on the heels of the brand’s Q4 earnings call, where it was announced that Jack in the Box is projecting positive net unit growth for the first time in four years. Out of the 267 new franchise commitments that have been signed with Jack in the Box since mid-2021, the Cedar Tree 37-unit development agreement represents their single largest deal.
“We want to partner with brands that have a proven track record of sound operations and a solid existing base while still having ample room for development. With the legacy and presence that its already built, Jack in the Box clearly fit the profile,” said Conley. “We look forward to carrying on the Jack legacy as franchisees during this lively period of growth for the brand.”
“Jeff and Frank are exactly the type of new franchisees that we want to join and grow Jack in the Box with us,” said Darin Harris, chief executive officer. “Their business acumen, experience with multi-unit franchising and overall knowledge of the restaurant industry will be key to the successful operations of these existing locations as well as new unit growth.”
Learn more about available franchise opportunities with Jack in the Box by visiting JackintheBoxFranchising.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 more than 2,180 restaurants across 21 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 15 states. For more information on both brands, including franchising opportunities, visit www.jackinthebox.com and www.deltaco.com.
What recent agreement has Jack in the Box entered regarding new restaurant developments?
Jack in the Box has signed an agreement with Cedar Tree Restaurant Group for 37 new units and 46 existing restaurants across Nashville, Baton Rouge, Greenville, and Charlotte.
How many franchise commitments has Jack in the Box signed since mid-2021?
Since mid-2021, Jack in the Box has signed a total of 267 new franchise commitments.
What is projected for Jack in the Box's net unit growth?
Jack in the Box is projecting positive net unit growth for the first time in four years.
Who are the franchisees involved in the new agreement with Jack in the Box?
The franchisees involved are Jeff Yablun and Frank Conley from Cedar Tree Restaurant Group.
