Jack in the Box Inc. disclosed the details of two refranchising transactions that were included in the company's fourth quarter operating results, announced on Nov. 19. On Aug. 20, the company sold 35 Jack in the Box units to RRH-Austin LLC in Austin, Texas.

On Sept. 24, the company sold seven Jack in the Box restaurants to JIB QSR Oklahoma LLC, in its Oklahoma City, Okla., market.

Proceeds related to the sale of these 42 restaurants totaled approximately $19.1 million.

Oklahoma City is one of five markets in the Jack in the Box system seeded with company-operated locations.

"By pursuing an innovative 'seeding' strategy and taking a collaborative approach to new market development, Jack in the Box is able to secure great locations, open restaurants with the full support of our marketing and operations teams, and establish a sales history and cash flows that could help a franchisee secure the necessary financing to continue expanding in the market," said Grant Kreutzer, director of Franchise Licensing & Recruitment for Jack in the Box.

Including these locations in Austin and Oklahoma City, Jack in the Box Inc. refranchised 97 restaurants in fiscal 2012. The transactions reflect the company's strategic initiative to expand franchising and franchise ownership in the Jack in the Box system. The Jack in the Box system is now nearly 76 percent franchised versus 25 percent in 2005.

The company is currently seeking experienced, multiunit restaurant operators to refranchise other company markets in the Southeast and Midwest. In Tulsa, Okla., Kansas City, Mo., Indianapolis and Cincinnati, franchisees can acquire up to 10 recently opened restaurants, then further develop the market with royalty and franchise fee incentives

Read more franchising news.

Related Content

User Comments – Give us your opinion!
Products & Services

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

Digital Signage

http://global.networldalliance.com/new/images/products/4756.png

4756/Digital-Signage

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Digital Signage & Kiosk Software - Nanopoint

http://global.networldalliance.com/new/images/products/2259.png

2259/Digital-Signage-Kiosk-Software-Nanopoint

LG 42LN549E

http://global.networldalliance.com/new/images/products/6447.png

6447/LG-42LN549E

Commercial Grade quality for single or multi unit deployments

http://global.networldalliance.com/new/images/products/E_Family_150px.jpg

3956/Commercial-Grade-quality-for-single-or-multi-unit-deployments

Macromatix

http://global.networldalliance.com/new/images/products/6545.png

6545/Macromatix

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.