Qdoba Is Sold For $305 Million
So apparently the Qdoba Mexican Grill restaurant chain witnessed a decline in sales across their 700 locations. Jack In The Box which is the owner of Qdoba believes that selling the franchise is in the companies best interest.
“This is consistent with the company’s desire to transition to a less capital-intensive business model” – Lenny Comma President and CEO of Jack in the Box Inc
Jack In The Box is Selling Qdoba to private equity firm Apollo Global Management for an estimated $305 million. What a flip, Because back in 2003 Jack In The Box Acquired Qdoba for $45 million.
The deal is said to not be finalized until April 2018.