Franchise of the Day: Get a Slice of This Restaurant's Pizza It's 'a-papa-proved.'

By Lindsay Friedman

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock.com

Dreaming of opening his own pizza chain while working at a parlor in high school, John Schnatter made the goal a reality in 1985 -- but it took a bit of creativity.

When Schnatter returned from college in 1984, his father's restaurant, Mick's Lounge, was facing financial difficulties and close to bankruptcy. Schnatter acted. He sold his beloved 1972 Camaro for $2,800 to bail his father out.

Related: Papa John's Founder: 'I Am the American Dream'

He also decided to put in some time at the tavern. He purchased used restaurant equipment and began selling pizzas out of the back of the bar. The next year he opened up his first pizza store in Jeffersonville, Ind. called Papa John's.

The following year, Papa Johns started to franchise and has since gone worldwide with more than 4,700 locations in 37 countries. This helped it earn its ranking as No. 30 in Entrepreneur's Franchise 500 list for 2016.

Lindsay Friedman

Staff writer. Frequently covers franchise news and food trends.

Lindsay Friedman is a staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Related Topics

Starting a Business

Long-Lost Sisters Who Built the Largest Black-Owned Wine Company in the U.S. Reveal How to Break Into a Notoriously Tough Industry

Andréa and Robin McBride followed their shared love of wine into business — but it hasn't always been easy.

Business News

'Next Tesla' Electric Car Startups Hit Speed Bump: 'Investors Want To See Demand'

Electric vehicle companies large and small, from Ford to Tesla to Rivian, are dealing with cooler-than-expected demand for EVs.

Social Media

With This LinkedIn Algorithm Change, Your Best Posts Could Reach New Readers for Years

It's one of many new features rolling out on the platform in 2024.

Business News

'Inexcusable': Ryanair May Have to Cut Summer Schedule, Increase Fares Up to 10% Due to Issues With Boeing Aircraft

Boeing was originally slated to deliver 57 aircraft to the airline by the end of April.