Following its $585 million purchase of Del Taco in March, Jack in the Box revealed plans to sell at least 250 company-owned Del Taco restaurants—about half of the system’s footprint—to new and existing franchisees. The move to refranchise Del Taco will help the burger chain land more securitized debt, financed by royalty fees from owners.
To assist in the effort, Jack partnered with The Cypress Group, a restaurant and franchise investment banking firm with more than 30 years of multi-unit M&A and restaurant refranchising experience.