Jamba, Inc. Receives Approval for SBA Franchise Registry Listing

2009-06-29
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  • Restaurant News Resource Prospective Franchisees for JAMBA JUICE(R) Stores Gain Easier Access to a Healthy Opportunity

    Jamba, Inc. (NASDAQ:JMBA) today announced that the U.S. Small Business Administration (SBA) has listed Jamba Juice on its official Franchise Registry. The registry is an online listing of franchise systems whose franchisees receive expedited loan processing.

    'Recognition by the SBA through the Franchise Registry is great news for us,' stated James D. White, President and Chief Executive Officer, Jamba, Inc. 'A streamlined loan approval process for potential franchise owners should allow us to proceed even more assertively with our refranchise and franchise development plans.'

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    As previously announced on May 28, 2009, Jamba Juice plans to refranchise up to 150 company-owned stores, primarily outside of California, and has plans to add up to 50 new franchise locations by the end of 2009, primarily at non-traditional venues such as airports and schools. This franchising activity supplements the over 230 currently operating franchised stores. As a franchisor, Jamba Juice provides training, support and guidance, including its expertise and materials for, among other things, site selection, purchasing, quality control, business development, and advertising and promotions. The Company is actively developing its franchise growth strategy and believes there are potential opportunities for at least 2,700 total stores in the U.S., with traditional franchise store growth targeting multi-unit operators.

    'Americans are recognizing that healthy eating, an active lifestyle, and fast food are not incompatible,' continued Mr. White, 'being listed on the SBA Franchise Registry means that franchise investors looking to capitalize on the Jamba Juice business opportunity will be able to move through the process more efficiently.'

    Fruit smoothies and fresh juices demonstrate how the modern-day consumer can keep up with their hectic life and grab a nutritious snack on the go. Earlier this month, the Company expanded its food and beverage offering in over 222 California locations with good-for-you grab and go food, flatbreads and fruit tea infusions. Jamba's efforts are not going unnoticed as it was recently recognized as the number one healthy option in the quick refreshment category and placed among the top five most popular quick refreshment chains in Zagat's 2009 Fast Food Survey.

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