Jack in the Box Inc. has sold 18 of its namesake restaurants in the Houston area for $7.3 million as part of an ongoing refranchising initiative. The San Diego-based chain revealed details of the deal after releasing third-quarter results last week. The Houston restaurants were acquired by franchisee MZK Enterprise LLC, and the transaction was completed in May. This year, the company expects to sell about 100 units as part of a plan to become a mostly franchised brand. Deals already ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?