Papa John's Int'l. Inc.

#31

At a Glance

Products & Services: Pizza

Number of Locations: 3,750

Total Investment: $115.82K - 549.52K

Founded: 1985

Began Franchising: 1986

Public Owned PZZA

About Papa John's Int'l. Inc.

John Schnatter dreamed of opening his own pizza restaurant from the time he was a high school student working at a local pizza parlor in Jeffersonville, Indiana. After getting his business degree from Ball State University in 1983, he returned home, knocked down the broom closet in his father's tavern, sold his car to buy used restaurant equipment and began delivering pizzas.

The first Papa John's restaurant opened in 1985, and the company began franchising in 1986. Today, Schnatter's dream has resulted in over 3,000 Papa John's restaurants worldwide.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	2,346	51	733	620
2010	2,229	40	640	620
2009	2,193	31	590	612
2008	2,122	19	474	674

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $115,823 - $549,523
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $185,000
Liquid Cash Available: $100,000

Operations

61% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20 - 20. Absentee ownership of franchise is allowed..

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks. At location near franchisee : 3-4 weeks.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Ad slicks, National media, Regional advertising,

Other marketing support: Marketing planning & support