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Number of Papa John's restaurants in the United States from 2007 to 2021, by mode of operation.
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How many Papa John's franchises are there?
Papa John'sPapa Johns headquarters in Cumberland, GeorgiaNumber of locations5,400 (December 2020)Key peopleRobert M. Lynch President & CEO Max Wetzel CMO Jim Norberg COOProductsPizza, chicken wings, dessertRevenueUS$1.81 billion (FY December 29, 2020)14 more rows
Who owns the most Papa John's franchise?
Papa John's sells a majority stake in 90 locations to Sun Holdings.
Are Papa John's franchises?
Franchise Description: The franchisor, Papa John's Franchising, LLC. The franchise offered is a retail quick-service restaurant devoted primarily to the sale of pizza and related food products. The majority of Papa John's franchises are operated on a delivery and carry-out basis.
How much is a Papa John's franchise cost?
Papa John's Franchise Cost / Initial Investment / Papa John's Franchise Income. The estimated initial investment required to open a standard Papa John's pizza franchise is $130,120 to $844,420, including a franchise fee of $25,000.
How much of Papa Johns does Shaq own?
According to a form he filed with the Securities and Exchange Commission, O'Neal owns the equivalent of 89,723 Papa John's shares, including 87,136 unvested restricted stock units, or RSUs, received through his endorsement agreement.
Is Shaq part owner of Papa Johns?
Shaquille O'Neal has an ownership stake in nine Atlanta-area Papa John's pizza restaurants, is a member of the company's board of directors and has a new endorsement deal with the brand.
How much does the average Papa John's franchise make?
2021 Papa John's Median Franchise Sales: $1,101,127 Based on the median sales provided by Papa John's franchise locations, at an average of a 15% profit margin it will take around 4.5 years to recoup your investment.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much can you make owning a Papa John's?
A report from Franchise.com estimates that Papa John's franchise operators are making around $67,000 a year. This number is debatable, but we'll address that in a minute. According to The Street, an annual salary of $67,000 is still considerably above the median wage for U.S. citizens.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much does Domino's franchise cost?
Initial franchising fee: The Domino's initial franchise fee is $10,000 for building a new store or refranchising a closed store. Do note that Domino's sometimes charges a "reservation fee" of $25,000. The franchise disclosure document that you receive will have more details on this additional fee.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What percent of Papa Johns does John own?
4%Papa John's founder is close to cutting all financial ties to the company. John Schnatter used to own more than a third of Papa John's, a company he founded in 1984. Now, after months of unloading chunks of his stake, he owns less than 4%.
Who owns Papa Johns now?
Geode Capital Management, L.L.C.
Which pizza franchise makes the most money?
Highest-Grossing Pizza Chains in the U.S.Domino's. U.S. sales: $12,252,100,000.Pizza Hut. U.S. sales: $12,034,000,000. ... Little Caesars Pizza. U.S. sales: $4,000,000,000. ... Papa John's International. U.S. sales: $3,695,000,000. ... 5. California Pizza Kitchen. U.S. sales: $840,000,000. ... Papa Murphy's International. ... Sbarro. ... Marco's Pizza. ... More items...•
How much does Papa Johns franchise make?
2021 Papa John's Median Franchise Sales: $1,101,127 Based on the median sales provided by Papa John's franchise locations, at an average of a 15% profit margin it will take around 4.5 years to recoup your investment.
How are company-owned Papa John’s stores performing?
Papa John’s operates company-owned restaurants to improve marketing, employee training, and quality standards for the benefit of its entire network of stores. The company generated approximately 700 million U.S. dollars in sales revenue across its domestic company-owned restaurants in 2020; this meant that each company-owned store made an average of 1.2 million U.S. dollars in restaurant sales over the year – an increase over the previous year. A standard Papa John’s company-owned store in the United States employs a restaurant manager and approximately 20 to 25 restaurant team members.
How many Papa John's restaurants will be open in 2020?
The number of Papa John’s restaurants in the United States fell to 3,134 in 2020, with units of company-owned stores decreasing over the year. The number of domestic company-owned restaurants fell from 598 to 588 over the year.
How many Papa John's stores are there?
Papa John's operates 246 "company owned stores" under joint ventures and 35 units in Beijing and North China.
When was Papa John's Pizza founded?
The Papa John's restaurant was founded in 1984 when "Papa" John Schnatter knocked out a broom closet in the back of his father's tavern, Mick's Lounge, in Jeffersonville, Indiana. He then sold his 1971 Camaro Z28 to purchase US$1,600 worth of used pizza equipment and began selling pizzas to the tavern's customers out of the converted closet. His pizzas proved sufficiently popular that a year later he moved into an adjoining space. Dipping sauce specifically for pizza was invented by Papa John's Pizza that same year, and has since become popular when eating pizza, especially the crust. The company went public in 1993. A year later it had 500 stores, and by 1997 it had opened 1,500 stores. In 2009, Schnatter reacquired the Camaro back after offering a reward of $250,000 for the car.
What was the case against Papa John's?
This ruling was overturned in 2000 when Papa John's appealed the decision. Although the jury's decision on the misleading advertising was upheld, the appeals court determined that Pizza Hut failed to prove, under the requirements of the Lanham Act, that the misleading advertising and puffery had a material effect on consumers' purchasing decisions.
How much money did Starboard invest in Papa John's Pizza?
On February 4, 2019, it was announced that the activist hedge fund Starboard Value, which had played a large role in turning around the troubled Olive Garden restaurant chain, would be investing $200 million into Papa John's Pizza and that Starboard could possibly invest an additional $50 million by March 29, 2019.
What happened to Papa John's in 2012?
Papa John's also received media attention on January 6, 2012, when an employee typed the phrase "lady chinky eyes" on a receipt issued to an Asian American customer at a restaurant in New York City. The employee was fired and the company issued a formal apology.
What did Papa John's do in 2008?
Papa John's received attention in May 2008 when a Washington, D.C. franchise distributed T-shirts making fun of Cleveland Cavaliers star player LeBron James at a playoff game against the Washington Wizards. Photographs of the shirts quickly spread from the Internet to Cleveland television. Increasing awareness of the controversy prompted an apology from the Papa John's national headquarters on May 5. To apologize, Papa John's offered large single-topping pizzas for 23 cents (matching James' jersey number) at all locations in Greater Cleveland and throughout northern Ohio. The chain sold over 172,000 pizzas at 23 cents a piece, with customers waiting in lines outside of some stores for as long as three hours.
Where is Papa John's located?
It is the fourth largest pizza delivery restaurant chain in the United States, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville .
How many Papa John’s locations are there worldwide?
Pizza chain Papa John’s has increased its number of restaurants worldwide year-on-year since 2007, reaching a record 5,400 units in 2020. Around 90 percent of the company’s restaurants are franchised, including all of the 2,111 stores that are based outside of the United States. In spite of the number of stores increasing around the world, the number of Papa John’s employees worldwide has fallen in general since 2016.
How much money does Papa John's have in 2020?
Restaurant sales from its domestic company-owned stores grew by around 48 million U.S. dollars on the previous year, and there was an increase in sales from franchised stores in North America, which led to more royalties and fees being generated. Sales from its international restaurants increased in 2020 as well, by over 20 million U.S. dollars.
Why invest in a Papa John’s Franchise?
The initial investment requirement of as little as $300K for a 1,200 square-foot store is quite reasonable. The net-worth of as low as $250K is also plausible. On your part, the 5% royalty fee that can be renewed after every decade is something to call home about.
How much does it cost to open a Papa John's?
In order to open a Papa John's restaurant, potential franchisees must have access to liquid assets of at least $75,000, at least $250,000 in net worth, and the ability to obtain financing of up to $275,000. The company also charges a one-time franchise fee of $25,000 for new restaurants.
Why are franchise stores so low in sales?
For starters, some franchise stores do experience lower sales due to poor location, insufficient advertising or inadequate sitting. Also, a franchisee has to pay the mandatory 5 percent of net sales towards royalty fee as well as put in at least 8 percent of the profit towards advertising and marketing.
How big is Papa John's?
Average size: 1200 – 1400 square feet. Location: Strip center. Average number of employees: 20.
How long does it take to train at Papa John's?
Papa John's provides 6-8 weeks of training and also provides ongoing training for your operator and team.
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Is Papa John's Pizza right for me?
So, if you have a passion for quality and you want to be on a winning team, Papa John's may be right for you." - Papa John, Founder. Pizza Maker
How much did Papa John's franchise cost in 1990?
In the 1990s, Papa John's was doubling in size nearly every year and opening a location was pretty cheap as far as franchise standards go — around $100,000 (via Encyclopedia.com ). The good times have come to an end, however, and opening a Papa John's — and the profits that come with it — just aren't what they used to be.
How much does it cost to open a Papa John's?
Opening a Papa John's only costs around $300,000. That's a lot less than the cost of opening a Taco Bell or McDonald's, which unlike Papa John's, have large eat-in dining areas. For comparison, you might have to shell out over $2 million if you want your own McDonald's. Papa John's also has a much lower net worth requirement, ...
Is Papa John's sales worse than Domino's?
Well, it might actually be worse — a lot worse. In February 2019, Restaurant Business reported that because Papa John's sales plummeted so badly following a very bad 2018 that domestic operators were only making around $40,000 — before taxes. Both Domino's and Pizza Hut operators make considerably more.
Who is the founder of Papa John's?
The company's founder, John Schnatter, is responsible for having built Papa John's into a cheesy empire, but Schnatter has also harmed the company in numerous ways. Schnatter is longer the big papa calling the shots at Papa John's, but his mistakes have taken a toll on the company's franchisees.
Does Papa John's make less than other fast food chains?
Papa John's franchisees make less than other fast food operators. Joe Raedle/Getty Images. A dark cloud has fallen over the once great Papa John' s pizza empire, and the company just isn't making the sort of profits that it used to. Given that Papa John's was growing so fast and so profitable two decades ago, today's earnings are rather ...
Is Papa John's franchise profitable?
All things considered, owning a Papa John's franchise may not be the worst way to enter into becoming a fast food business owner. It's certainly not as lucrative as it once was, but as of November 2019, sales do seem to be somewhat recovering (via Yahoo Finance ).
Is Papa John's downfall bad?
It's never a good sign, though, when franchise owners have to call on corporate for help in the form of financial relief. The 2018 fallout from John Schnatter's downfall was so bad for Papa John's that corporate had to reduce its monthly royalty fees for franchise owners, as well as cut down on the cost of food materials.
How many Papa John's are there in the world?
Papa John's is the 3rd largest pizza delivery company in the world, with over 5,200 restaurants worldwide. We are in 50 states and 43 countries. Annual system-wide restaurant sales are over $3 billion. Better Ingredients. Better Pizza is not just a slogan.
What was the average franchise unit sales in 2016?
High sales to investment ratio with 2016 average franchise unit sales of $879,794.
Is Papa John's right for me?
So, if you have a passion for quality and you want to be on a winning team, Papa John's may be right for you."
Overview
Operations
Papa John's primarily takes carryout and delivery orders, although some restaurants have tables and chairs for dining in.
Franchise owners pay a one-off franchise fee of US$25,000 per restaurant, then a royalty fee of 5% of net sales, plus a charge for advertising of 8% of net sales. The company requires franchisees to have net worth of at least $250,000, the …
History
The Papa John's restaurant was founded in 1984 when "Papa" John Schnatter installed an oven inside a broom closet in the back of his father's tavern, Mick's Lounge, in Jeffersonville, Indiana. He then sold his 1971 Camaro Z28 to purchase US$1,600 worth of used pizza equipment and began selling pizzas to the tavern's customers out of the converted closet. His pizzas proved sufficiently …
Controversies
Papa John's received attention in May 2008 when a Washington, D.C. franchise distributed T-shirts making fun of Cleveland Cavaliers star player LeBron James at a playoff game against the Washington Wizards. Photographs of the shirts quickly spread from the Internet to Cleveland television. Increasing awareness of the controversy prompted an apology from the Papa John's national headqu…
Litigation
In 1997, Pizza Hut filed a lawsuit against Papa John's based on a series of advertisements that compared the ingredients of Papa John's and its competitors. Pizza Hut successfully argued that Papa John's slogan did not constitute statements of literal fact – that "fresher ingredients" do not necessarily account for a "better" pizza. This ruling was overturned in 2000 when Papa John's appealed the decision. Although the jury's decision on the misleading advertising was upheld, th…
See also
• Cardinal Stadium – a football stadium on the campus of the University of Louisville formerly bearing the company's name via a naming rights agreement
• List of pizza chains
• List of pizza chains of the United States
External links
• Official website
• Business data for Papa John's Pizza: