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By: Kerry Pipes | 227 Reads | 1 Shares |
Cedar Tree Restaurant Group has just completed a development deal for 37 new Jack in the Box locations and the acquisition of another 47 restaurants throughout Nashville, Baton Rouge, Greenville, South Carolina, and Charlotte, North Carolina.
Restaurant veterans Jeff Yablun and Frank Conley are behind the mega deal.
“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.”
Conley added, “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. We look forward to carrying on the Jack legacy as franchisees during this lively period of growth for the brand.”
The 37-unit development agreement between Cedar Tree and Jack in the Box represents the single largest deal the brand has signed since the middle of 2021.