Lev Restaurant Group, the Las Vegas-based exclusive area developer of Jamba Juice and the management company of FC Juice Partners LLC, has announced the April 2 purchase of four Southern California Jamba Juice stores from the Jamba Juice Co.
The four locations are in Sherman Oaks, Studio City and Encino, Calif. The Lev Restaurant Group currently owns and operates 14 Jamba Juice locations. The sale of the stores to Juice Partners is part of a re-franchising initiative undertaken by Jamba Juice, as the company continues to move toward more franchise-operated businesses.
Along with the asset purchase agreement of the four stores, Juice Partners entered into a development agreement to develop a minimum of 10 additional Jamba Juice stores in adjacent Southern California territories, including Altadena, Flintridge/La Canada, Van Nuys, and North Hollywood.