The Jamba Juice chain said Thursday it has sold 100 company-owned stores in California, including 43 in Sacramento and Modesto.
Other stores involved in the transaction are located in San Francisco and San Diego.
The deal, announced by the chain’s parent Jamba Inc., doesn’t cover every Jamba Juice store in greater Sacramento and Modesto. Some stores that were already owned and operated by franchisees weren’t part of the transaction.
Selling the 100 stores is part of the Emeryville company’s recently-announced “asset-light” strategy, in which it concentrates on franchising instead of owning its own stores. Jamba lost $3.6 million last year as revenue declined nearly 5 percent from the year before.
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The stores were sold to Vitaligent LLC, a company led by the former president of Anheuser-Busch, David Peacock. He is already a Jamba franchisee in St. Louis.
Vitaligent paid $36 million for the California stores.
Jamba said it is in discussions to sell another 14 stores in California.
Call The Bee’s Dale Kasler, (916) 321-1066. Follow him on Twitter @dakasler.