Jamba Inc. said it has sold 25 corporate locations in Washington state to an existing franchisee as part of its ongoing refranchising effort.
Emeryville, Calif.-based Jamba said it is on track to achieve its goal of selling 150 corporate locations to franchisees by the end of the year. Jamba has completed the sale of 81 restaurants so far.
Terms of the latest deal were not disclosed. Franchisee Prudence Swann, principal of PB Swann LLC, agreed to acquire the 25 company-operated