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JAE Restaurant Group has announced it is investing in more Wendy&#39;s locations. According to a <a href="http://www.franchisetimes.com/news/March-2018/The-Big-Get-Bigger-as-JAE-Group-Acquires-34-Wendys/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-times-the-big-get-bigger-as-jae-group-acquires-34-wendys-2705796" target="_blank" rel="nofollow" target="_blank">recent Franchise Times article</a>, the largest multi-unit franchisee&nbsp;is adding another 34 locations into its operations in Knoxville, Tennessee, bringing its total number to 212 in Florida, New Mexico, Texas and Tennessee.

&ldquo;We chose to invest in the Knoxville market because it&rsquo;s one of the highest growth areas in the country right now, thanks to its friendly tax environment, affordable housing, younger population and large number of university students,&rdquo; said Jhonny Mercado, co-chairman of JAE Restaurant Group. &ldquo;These favorable demographics are perfect for Wendy&rsquo;s, and we feel that Knoxville is an under-penetrated market for the brand.&rdquo;

JAE will be remodeling a handful of the Knoxville locations to reflect updated features such as Wi-Fi, flatscreen TVs, digital menu boards and fireplaces. The sale by Wendy&rsquo;s is part of the company&rsquo;s effort to shift to more franchise locations with a goal of having only 5 percent of the 6,500 restaurants be company owned in what it is calling its Systems Optimization Initiative.

<a href="http://www.franchisetimes.com/news/March-2018/The-Big-Get-Bigger-as-JAE-Group-Acquires-34-Wendys/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-times-the-big-get-bigger-as-jae-group-acquires-34-wendys-2705796" target="_blank" rel="nofollow" target="_blank">Click here to read the full story</a>.

The Big Get Bigger as JAE Group Acquires 34 Wendy’s

Franchise Times: The Big Get Bigger as JAE Group Acquires 34 Wendy’s

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Wendy’s sells more locations to JAE Restaurant Group shifting away from company-owned restaurants.

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