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Jack in the Box Begins Del Taco Refranchising Plan

San Diego-based parent partners with The Cypress Group

Jack in the Box Inc. (Nasdaq: JACK), the San Diego-based parent to Del Taco, has partnered with investment banking firm The Cypress Group to help sell company-owned Del Taco restaurants to existing and new franchise partners.

Following the acquisition of the Lake Forest-based taco chain in March, the partnership will begin refranchising Del Taco locations this month.

Roughly half of Del Tacoโ€™s total restaurant count are company-owned while more than 90% of Jack in the Box spots are franchised.

โ€œThe attractiveness in acquiring a growth brand like Del Taco included the opportunity to create a multi-brand organization that operates asset-light, with the ability to make significant refranchising progress shortly after completion,โ€ Jackโ€™s Chief Executive Darin Harris said in a statement.

Reports from the Wall Street Journal in August said the parent company is looking to refranchise upward of 250 taco spots that it now owns. Del Taco is Orange Countyโ€™s sixth largest locally based chain with almost 600 locations in the U.S., according to Business Journal data.

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