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Who
is Papa Johns
Papa Johns International, Inc. is
the third largest pizza company in the world,
based on system-wide sales, with approximately
3,000 restaurants worldwide.
Is
this a public or private company?
Papa Johns International became a public
company on June 8, 1993. The companys stock
is traded on the NASDAQ system, under the symbol
PZZA.
How
much does it cost to build a typical Papa Johns
restaurant?
The estimated initial investment required for
a restaurant is $200,000 USD net of freight and
duties on equipment. This amount will vary depending
on the size of the unit and the geographical area.
What
is the franchise fee?
The franchise fee is $25,000 USD for a standard
Papa Johns restaurant.
What
are the ongoing fees?
An ongoing management service/royalty fee of 5%
of net sales is due monthly*.
*International franchise fees and royalties may
differ slightly on a case-by-case basis.
A representative from Papa Johns will provide
you with the most current fee and royalty information.
The information above is provided only as a guideline.
How
long is the typical contract?
The initial term of the Franchise Agreement is
usually 10 years, with an option to renew for
one additional 10-year term provided that certain
criteria are met.
If
I dont meet the financial or operational
criteria to become a franchisee, can I partner
with someone who does?
Yes. You must supply us with a resume and personal
financial statement for each owner of your proposed
franchise group, and a resume for your Principal
Operator candidate.
Does
Papa Johns provide financing for restaurant
development?
No, Papa Johns does not provide financing.
Will
the franchise be restricted to carry out and delivery?
Papa Johns is primarily a carry out and
delivery concept; however, we are sensitive to
regional cultures and business practices. Our
team will work with you to determine if there
will be an option for dine-in restaurants in your
market.
What
type of return can I expect to make on my investment?
Papa Johns does not provide earnings claim
information. We do, however, encourage prospective
franchisees to conduct significant due diligence
during the discovery process and contact existing
franchisees with questions regarding marketing,
finances, sales volumes, operations, etc. The
amount of profit or loss is dependent on a number
of factors, including the ability of the franchisee
to manage the business, drive sales volume and
control operating costs.
Does
Papa Johns select the site where Ill
build my restaurant?
No. You will select the site; however, a representative
of Papa Johns must approve each location.
What
kind of training requirements will I be expected
to meet?
Before opening the first restaurant, all franchisees
must have a qualified Principal Operator and Training
Coordinator in place. The people who will perform
these duties must travel to the headquarters of
Papa Johns in Louisville, Kentucky for extensive
training on the operation and training of the
Papa Johns concept.
Is
there a restriction on the products that may be
sold?
Papa Johns is sensitive to the needs of
different cultures. Our team will work with you
to add regional toppings and, in some cases, side
items that may appeal to your customer base.
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