ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Jack in the Box Continues Expansion in Michigan with 5-Unit Development Deal in Detroit

This Announcement Expands on Previously Announced Plans to Open 5 Restaurants in West Michigan & Over 20 in Chicagoland

Jack in the Box Leverages Local Expertise for Detroit Launch with Experienced Franchise Operators

Jack in the Box Inc. (NASDAQ: JACK), a leading publicly traded quick-service restaurant company, today announced a five-unit development agreement in the Detroit, Michigan market. This agreement expands on the brand’s previously announced plans to open five locations in West Michigan with another franchisee.

“We are delighted to welcome Maan Almansour and Andi Kareem to our growing franchise family in Michigan,” said Van Ingram, vice president franchise development. “Their passion for the restaurant industry and deep understanding of the Detroit market make them ideal partners to bring our brand to this vibrant city.”

This 5-store development agreement in Detroit, MI builds on the brand’s Michigan momentum with plans already in the works to build five locations in West Michigan over the next five years with the first one slated to open in Battle Creek. This is part of the Midwest expansion for Jack in the Box with two recently opened CloudKitchens in downtown Chicago, IL and additional Chicagoland expansion with eight company-operated units planned and twelve commitments with a new franchisee.

“With approximately 2,200 locations nationwide and the recent success from our new market openings in Salt Lake City and Louisville, we’ve recognized how much pent-up demand Jack in the Box has across the country,” Added Ingram. “We’re an iconic franchise brand with whitespace availability, flexible prototypes, and commitment to growing in the Midwest.”

Jack in the Box is known for its iconic menu that features customer favorites like burgers, tacos, chicken sandwiches, milkshakes, all-day breakfast, and late-night snacking options. The new locations in Detroit will offer dine-in, drive-thru, and mobile ordering options. If you’re interested in growing with Jack in the Box in the Midwest and across the country, please visit www.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 approximately 2,200 restaurants across 22 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 16 states. For more information on both brands, including franchising opportunities, visit www.jackintheboxfranchising.com and www.deltacofranchise.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.