Jamba (JMBA)

Jamba Juice owns, operates and franchises a chain of 726 retail juice bars that offer fruit and vegetable juices and smoothies, including 515 company-owned stores and 211 franchised stores operating in 22 states and the Bahamas. In addition to stand-alone locations, Jamba has licensing agreements for on-site kiosks with Whole Foods Markets, Target, Safeway, Vons and Pavilions as well as college campuses and airports across the country. Jamba Juice offers blended-to-order fruit smoothies, including Jamba Light, a line of lower calorie, sugar and carb smoothies, choices of 10 "Jamba Boosts," which are vitamin and protein supplements, and a soymilk option.

Jamba Juice was founded as the Juice Club in 1990 by Kirk Perron, an avid cyclist who saw a dearth of health drinks and snacks offered by the quick service industry. Three years after opening the first store in San Luis Obispo, California, Perron franchised two more stores in California. Growth accelerated and the company expanded from California in 1995 to 17 states by 1999. This was also the year, it acquired Zuka Juice, a four year-old, Utah-based smoothie and bagel chain that owned or franchised 98 stores in Western United States (since converted to Jamba Juice concepts).

Like many restaurant chains that grow too fast, unit economics deteriorated. In 2000, Jamba brought in current CEO, Paul Clayton, former President of Burger King, North America. After regaining profitable growth, Jamba went public in 2006 in a reverse merger with Services Acquisition Corp., raising $265 million. Recently, unit economics deteriorated again and economic downturn

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