REAL ESTATE

Jamba Juice plans 500 new U.S. stores

BY Dan Berthiaume

Emeryville, Calif. – Jamba Inc., parent company of the Jamba Juice chain, is launching a new franchise recruiting campaign focused on single-store development in existing and new domestic markets. Jamba is looking to add 500 new domestic stores in the next five years and double year-over-year store development via the new recruiting program.

The recruitment effort will be communicated through an aggressive marketing campaign that will leverage print and online media, PR and a multiple-market road show aimed at attracting potential local franchise owners. Jamba is also offering incentives for new partners who agree to meet specific development criteria. Incentives include a 50% reduction in initial franchise fees, and a three-year graduated royalty reduction plan.

Jamba Juice currently has 854 stores globally, of which 551 are franchise-owned and operated.

Throughout August and September, Jamba will host franchise recruiting roadshows in Baltimore, and Washington, D.C. areas, Dallas, Atlanta, Manhattan, Northern New Jersey, and Raleigh/Durham, North Carolina.

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REAL ESTATE

Whole Foods to join Regency center in Indiana

BY Dan Berthiaume

Chicago – Regency Centers Corporation is starting construction on a new 40,000-sq.-ft.Whole Foods Market. The new store, located 25 miles from downtown Chicago in Schererville, Ind., is projected to open in the fall of 2015, joining existing tenants Homegoods, Gordmans, Ross Dress for Less, DSW Designer Shoe Warehouse and many others.

The Shops on Main center is located along Schererville’s main corridor at the high-volume intersection of Route 41 and Main Street. The center sits in a prime location of a thriving market with more than 100,000 residents living within the primary trade area. Whole Foods is joining the center’s second phase of development.

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Cold Stone Creamery enters Kenya

BY Dan Berthiaume

Scottsdale, Ariz. – Kahala Brands, the parent company of Cold Stone Creamery, has signed a 10-year master franchise agreement with Om Nom Nom Mauritius Ltd. (ONN Ltd.) in Kenya. There are seven stores slated to open during a five-year period and the first location will be in the capital city of Nairobi, scheduled to open in late September.

ONN Ltd. will offer luxury products as well as ice cream to Kenyan consumers.

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