how to buy a papa john's franchise

by Ms. Heather Funk Published 1 year ago Updated 1 year ago

How to Get and Open a Papa John’s Franchise

1. First, you have to fill the application at the Papa John’s website at www.papajohns.com ...
2. Ascertain that you have the needed financial backings. ...
3. Confirm you have the correct background required by the franchise. ...
4. Put together an extensive plan that shows the parent company how you will fund and develop the franchise restaurant. ...

Full Answer

How much does a Papa John's pizza franchise cost?

Better Pizza is not just a slogan. What Does a Papa John's Franchise Cost? To buy a franchise with Papa John's, you'll need to have at least $75,000 in liquid capital and a minimum net worth of $250,000. Franchisees can expect to make a total investment of $115,120 - $794,420.

What is Papa John's famous for?

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 Does a Papa John's Franchise Cost?

How many Papa John's restaurants are there worldwide?

- John Schnatter. 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.

What is the history of Papa John's pizza?

Papa John’s runs the fourth largest take-out and pizza delivery restaurant chain in the United States. The company is headquartered in Jeffersontown, Kentucky, a suburb of Louisville. Papa John’s was founded in 1984, and the company grew quickly before going public in 1993. A year later it had 500 stores, and by 1997 it had opened 1,500 locations.

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How much does it cost to buy a Papa John's franchise?

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 does a franchise owner of Papa John's 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.

Do I need a net worth to purchase a Papa John's franchise from existing owner?

Net Worth and Capital requirements for a new franchisee: Minimum net worth of $750,000. Minimum of $250,000 in cash or liquid assets.

What is the most profitable pizza franchise?

Pizza chains in the U.S. with the highest sales 2021. With sales worth approximately 8.64 billion U.S. dollars, Domino's Pizza was the leading pizza restaurant chain in the United States in 2021.

Is Papa John's a good investment?

Stock to Watch: Papa John's (PZZA) PZZA is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. PZZA has a Growth Style Score of A, forecasting year-over-year earnings growth of 123.6% for the current fiscal year.

Who owns the most Papa John's?

Top 10 Owners of Papa John's International IncStockholderStakeShares ownedJackson Square Partners LLC3.55%1,254,445SSgA Funds Management, Inc.3.07%1,086,257Artisan Partners LP2.92%1,031,479Renaissance Technologies LLC2.53%893,8006 more rows

How many Papa John's does Shaq own?

nine Papa John's franchise unitsHe also owns 17 Auntie Anne's Pretzels restaurants and nine Papa John's franchise units. In fact, O'Neal is a brand ambassador for Papa John's and has been on the pizza company's board of directors since 2019.

What is the cost of McDonald's franchise?

The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.

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.

What is the best pizza franchise to own?

Here are the top 10 best pizza franchisesMOD Pizza. Founded in: 2008. ... Marco's Pizza. Founded in: 1978. ... Pizza Hut. Founded in: 1958. ... Domino's. Founded in: 1960. ... Hungry Howie's Pizza and Subs. Founded in: 1973. ... Cicis. Founded in: 1985. ... Papa John's. Founded in: 1985. ... Rosati's Pizza. Founded in: 1964. Franchising since: 2006.More items...

What is the number 1 pizza place in America?

Earning the top spot: Una Pizza Napoletana, located on New York City's Lower East Side.

Who sells the most pizza in the world?

Domino's Pizza is the largest pizza company in the world, with more than 17,000 stores in 90 countries. Domino's offers a wide range of pizza products, such as traditional hand-tossed pizza, Brooklyn-style pizza, and pizza with crunchy, thick crusts.

Is owning a Jimmy John's profitable?

Based on the median sales provided by Jimmy John's franchise locations, at an average of a 15% profit margin, it will take around 5.5 years to recoup your investment. This is shorter than other franchise opportunities. The venture appears profitable and within reach to get the investment back.

How much money does Papa John's make a year?

Compare PZZA With Other StocksPapa John's Annual Revenue (Millions of US $)2020$1,8132019$1,6192018$1,6632017$1,7839 more rows

How much do Little Caesar franchise owners make?

Average Franchisee Profit The average Little Caesars franchisee will make $50,000 – $200,000 per year after expenses.

Did Shaq buy Papa John?

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 many Papa John's are there in the world?

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."

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 does it cost to franchise a Papa John's?

Now to the Papa John’s franchise cost. Papa John’s is one of the cheapest restaurants to franchise. The average franchisee can expect to pay out $300,000 to open a new Papa John’s restaurant. On the low end, you can start a non-traditional Papa John’s for just over $25,000. By comparison, a McDonald’s restaurant requires $1 million to $2.2 million in startup costs. To sweeten the deal, Papa John’s is waiving its $25,000 franchise fee for new restaurants, if certain conditions are met.

What is a Papa John's franchise?

There are actually two types of Papa John’s franchises, per the company’s Franchise Disclosure Document (FDD): A Standard Restaurant Papa John’s. A retail restaurant devoted primarily to the sale of pizza and related food products. The majority of these restaurants are operated on a delivery and carry-out basis.

What is The Real Cost of A Lemonshark Poke Franchise?

However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.

How many Papa John's stores were there in 1997?

A year later it had 500 stores, and by 1997 it had opened 1,500 locations. Papa John’s primarily takes carryout and delivery orders, although some stores have tables and chairs for dining in.

How much of the co-op contribution is required for franchise?

Minimum: 2% of Net Sales. Franchisee can opt to take the Cooperative contribution rate down to make the total Marketing Fund contribution rate 7% of Net Sales. This can be done with majority vote of restaurants in the Cooperative or by agreement. Coop members may opt to pay the higher amount, so current highest contribution rate may well exceed 2.5%. Non-Traditional Restaurants pay 25% of the co-op’s contribution rate for standard restaurants.

How long is franchising phase 1 training?

The franchisor may conduct the Phase I training at a chosen location or via video call or webinar. This training will last five days. However, the duration may vary depending on the participants’ experience, knowledge, or qualifications. After they complete Phase I training, they will proceed to Phase II training which will last another five days.

What items are prohibited by franchisors?

Items such as gaming, vending machines, payphones, ATMs, internet kiosks, mechanical and electrical items are prohibited unless approved by the franchisor.

Who turned a closet into a mini pizza kitchen?

In 1983, John Schnatter knocked out a closet in his Indiana family's struggling bar and turned it into a mini pizza kitchen. He went on to sell... Read more

Is Papa John's a franchise?

Papa John's is an American pizza restaurant franchise. It is the fourth largest pizza delivery restaurant chain in the United States. This location is profitable after only one year in business with favorable rent terms in a high growth area. Seller financing available for the right buyer. One or two locations... Read more

Is Papa Johns a profitable franchise?

7 year Papa Johns franchise for sale!! Great staff that serves some of the best customer service in our industry. Franchise is very profitable and sales continue to increase each year. More info