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 ...
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