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Who
is Papa Johns?
Papa John's International,
Inc. is the third largest pizza company in the
U.S., and one of the largest pizza companies 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 company stock is listed on the NASDAQ
system, under the symbol PZZA.
How
much does it cost to build a Papa Johns
restaurant?
The
estimated initial investment required per restaurant
ranges from approximately $160,000 to $395,000
for a standard Papa Johns restaurant. An
average unit of 1200-1400 square feet, located
in a strip center, costs approximately $220,000.
This amount will vary depending on the size of
the unit and the geographical area.
What
is the franchise fee?
The
initial U.S. franchise fee is $25,000 per unit
for a standard Papa John's restaurant.
What
is the royalty fee?
An
ongoing royalty fee of 5% of net sales is due
on a monthly basis.
What
are the marketing and advertising fees?
Papa
John's requires that a minimum of 7% of net
monthly sales be spent by each franchisee for
marketing purposes*, as follows: 2.7% national
fund; 4.3% co-op and/or local marketing initiatives.
*Papa John's Franchise Offering
Circular includes more detailed information regarding
marketing and advertising fees.
What
are your minimum financial requirements?
Depending
on the number of units you wish to open, you must
have a minimum net worth of between $250,000 and
$2,000,000. Please refer to the U.S. Franchisee
Requirements and Fees page of this website for
more information.
If
I dont meet the financial or operational
criteria to become a franchisee, can I partner
with someone who does?
Yes.
Please provide us with a resume and personal financial
statement for each member of your potential franchise
group.
Does
Papa Johns provide financing for restaurant
development?
We
will provide information on lending institutions
willing to provide financing to prospective franchisees.
However, Papa John's does not offer financing.
Please click
here for more information.
What
is a UFOC?
The
Uniform Franchise Offering Circular explains the
key points of the franchise relationship, including
form development and franchise agreements, and
provides additional information about the company.
Do
I have to work in my restaurant?
If
you have Quick Service Restaurant management experience,
you may wish to act as the Principal Operator.
If you do not have QSR experience, an experienced
Principal Operator must be hired to operate your
restaurant.
What
type of return can I expect to make on my investment?
Papa
Johns encourages our prospective franchisees
to conduct significant due diligence during the
discovery process and contact existing franchisees
with questions on 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 provide demographic data for
my potential development area?
Yes.
We will provide you with the demographics needed
to evaluate your area(s) of interest.
Does
Papa Johns select the site where Ill
build my restaurant?
No.
You will select the site, but a representative
of Papa Johns must approve each location.
What
kind of support can I expect from Papa Johns
on the build-out of my restaurant?
Papa
Johns Development Department will provide
you with the assistance you need to open your
restaurant. Our real estate directors work closely
with franchisees to review market trade areas
and site criteria. Upon approval of a location,
our equipment coordinators and construction managers
guide new franchisees through the building plans,
layout of the restaurant and ordering of equipment.
What
other type of ongoing support does Papa Johns
provide?
Papa
Johns provides initial training and ongoing
guidance, while also serving as a one-stop
shop for all your business needs. For more
information about Papa Johns Franchise Support
System, please refer to the U.S. Franchisee Support
page of this website.
What
kind of training requirements will I be expected
to meet?
Before
opening the first restaurant, a franchisee must
have an approved Principal Operator in place.
The Principal Operator must complete the Management
Training program, which combines hands-on operations
and classroom information on the Papa Johns
concept. The total training time is approximately
six weeks, but may take longer if necessary.
I
want to become a Papa Johns franchisee.
What are the next steps?
First,
please read all of the information on the U.S.
franchising opportunities pages of this website,
paying particular attention to the U.S.
franchisee requirements and fees. If you believe
you meet Papa Johns requirements and wish
to become part of our franchise family, please
complete the U.S. Franchisee Request for Consideration
Form, which may be accessed via the U.S. Franchisee
Requirements and Fees page of this website.
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