Jamba Receives Approval For Sba Franchise Registry Listing
(Monday, June 29, 2009) -
Jamba, a chain of smoothie restaurants, has announced that the US Small Business Administration has listed Jamba Juice on its official Franchise Registry. The registry is an online listing of franchise systems whose franchisees receive expedited loan processing.
Jamba Juice previously announced its plans to refranchise up to 150 company-owned stores, primarily outside of California, and to add up to 50 new franchise locations by the end of 2009, primarily at non-traditional venues such as airports and schools.
The company has said that this franchising activity supplements the over 230 currently operating franchised stores. The company is actively developing its franchise growth strategy and believes there are potential opportunities for at least 2,700 total stores in the US, with traditional franchise store growth targeting multi-unit operators.
James White, president and CEO of Jamba, said: "Recognition by the Small Business Administration (SBA) through the Franchise Registry is great news for us. A streamlined loan approval process for potential franchise owners should allow us to proceed even more assertively with our refranchise and franchise development plans."
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