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Papa John's Int'l. Inc.

2014 Franchise 500
#27
At a Glance

Products & Services: Pizza

Number of Locations: 4,487

Total Investment: $129.9K - $644.2K

Founded: 1985

Began Franchising: 1986

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 thousands of Papa John's restaurants worldwide.

Franchise Units

Year U.S. Canadian International Company Owned
2014 2,529 85 1,142 731
2013 2,517 78 956 706
2012 2,483 73 911 696
2011 2,346 51 733 620
2010 2,229 40 640 620
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Eastern Europe, Mexico, South America, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $129,910 - $644,210
Franchise Fee: $0 - $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: Franchise fee waived, free set of ovens, reduced royalty for 5 years, $3,000 food purchase credit
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
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..
Direct Capital
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, Lease Negotiation
Marketing Support: Ad slicks, National media, Regional advertising,
Other marketing support: Marketing planning & support

Franchise Ranking History

Franchise 500®: #27 (2014), #23 (2013), #31 (2012), #23 (2011), #26 (2010),
Fastest-Growing: #31 (2014), #18 (2013), #15 (2012), #44 (2011), #29 (2010),
America's Top Global: #15 (2014), #19 (2013), #28 (2012), #21 (2011), #21 (2010),