Jack in the Box Signs Franchise Agreement with Operating Group for 37 New Locations

Restaurant Industry Veterans Sign with Iconic QSR Brand for Existing Units and New Unit Development Throughout Nashville, Baton Rouge and the Carolinas

SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) announced today a signed agreement with Jeff Yablun and Frank Conley of Cedar Tree Restaurant Group for 37 new restaurants and 46 existing stores in four southeast markets: Nashville, TN, Baton Rouge, LA, Greenville, SC, and Charlotte, NC.

“I became familiar with Jack in the Box during my time living in California, so I understand the strong following fans already have for the brand and the unique space that Jack occupies in the industry,” said Yablun. “When the potential to franchise with them presented itself, we knew it was an opportunity we couldn’t pass up. We’re thrilled for Jack in the Box to be the first addition to the Cedar Tree portfolio and how we’ll be able to work with the brand’s leaders to take Jack to new heights.”

This signed deal comes on the heels of the brand’s Q4 earnings call, where it was announced that Jack in the Box is projecting positive net unit growth for the first time in four years. Out of the 267 new franchise commitments that have been signed with Jack in the Box since mid-2021, the Cedar Tree 37-unit development agreement represents their single largest deal.

“We want to partner with brands that have a proven track record of sound operations and a solid existing base while still having ample room for development. With the legacy and presence that its already built, Jack in the Box clearly fit the profile,” said Conley. “We look forward to carrying on the Jack legacy as franchisees during this lively period of growth for the brand.”

“Jeff and Frank are exactly the type of new franchisees that we want to join and grow Jack in the Box with us,” said Darin Harris, chief executive officer. “Their business acumen, experience with multi-unit franchising and overall knowledge of the restaurant industry will be key to the successful operations of these existing locations as well as new unit growth.”

Learn more about available franchise opportunities with Jack in the Box by visiting 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 more than 2,180 restaurants across 21 states, and Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 600 restaurants across 15 states. For more information on both brands, including franchising opportunities, visit www.jackinthebox.com and www.deltaco.com.

Category: Corporate