Jack in the Box registers strong Q4 with seven development agreements | Global Franchise
Global Franchise

Sunday 5th February, 2023

Search Stay in the loop Sign in Join Global Franchise Pro
Logged out article
Jack in the Box registers strong Q4 with seven development agreements


Jack in the Box registers strong Q4 with seven development agreements

The fast-food franchisor plans to open 47 new stores with the seven development agreements

The leading QSR chain, Jack in the Box, has announced the signing of seven development agreements in Q4 of 2021, which will result in the construction of 47 new units. Over the course of 2021, the brand has awarded 23 agreements, leading to 111 stores to be built over the coming years. The deals will expand the brand in cities like Los Angeles, Dallas and Houston and introduce it to newer ones like Salt Lake City and Louisville. 

“Our franchisees want to grow with Jack in the Box and there’s sizable demand for our brand in a variety of markets around the country. Current and prospective operators know the business opportunity available to them and they are motivated to grow their portfolios with Jack,” said Darin Harris, CEO of Jack in the Box.  

“We’re really excited about the progress we’ve made in the development space, but this is just the beginning. As we head into the new fiscal year, we look forward to growing further with our current franchisees, as well as adding new operators to the Jack in the Box family.” 

Franchisees like David Beshay are fuelling Jack in the Box’s growth. Beshay is a veteran multi-unit operator and owns 211 Jack in the Box locations and plans to open a further 30 within the next five to eight years. Beshay has been a franchisee since 2006. 

“Under the leadership of Darin and the new executive team, Jack in the Box has become more modern and culturally relevant with a focus on meeting consumer preferences and building positive relationships with franchisees. That mindset has made the brand an even more exciting business opportunity for franchisees,” said David Beshay.  

“The support and guidance Jack in the Box has provided has been immeasurable and I’m eager to expand my portfolio and open new restaurants.” 

It’s been a strong year for the brand, after registering a 14 per cent systemwide same-store sales increase year over year through the end of its most recent third quarter. The brand also registered its new MK12 prototype, which is off-premise only and features a lane for drive-thru, as well as a lane for online pickup and third-party delivery, which will cut development costs by 18 – 23 per cent. 

The brand earlier awarded 16 franchise development agreements in August of this year. 

Start making informed business decisions. Join Global Franchise Pro for free today.

Latest trends and investment opportunities

Unlimited access to industry news and insight

Exclusive market reports and expert interviews