How long does it take to become a Papa John's franchisee?
With more than 5,220 restaurants worldwide Papa John's has the ingredients for success. Papa John's provides 6-8 weeks of training and also provides ongoing training for your operator and team. The Papa John's franchise offered is a retail restaurant devoted primarily to the sale of pizza and related food products.
How much does it cost to open a franchise?
Estimated Initial Investment Expenditures Low High Initial Franchise Fee $0 $25,000 Real Estate Brokerage Fees $0 $10,000 Professional Fees $500 $12,000 Construction/Leasehold Improvements $50,000 $500,000 15 more rows ...
What is a restaurant franchise and how does it work?
The franchise fee is a one-time payment that allows you to use the company’s trademark and products. Your location would also depend on your chosen restaurant type. Traditional units are typically leaseholds located in or near main thoroughfares, while you could find non-traditional units in sports stadiums or arenas.
What happened to Papa John's after the John Schnatter controversy?
In July 2018, Papa John’s voted John Schnatter off the Board of Directors after Schnatter was recorded using a racial slur during a training call. Schnatter was the Founder, largest shareholder, and board chairman at the time. The brand appears to have weathered the storm and, more recently, saw a sales spike during the coronavirus pandemic.
See more
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."
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.
Can you text on Franchise.com?
By pressing Subscribe Now, you agree that Franchise.com Network and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. This contact may be made using automated or pre-recorded/artificial voice technology. Data and message rates may apply. You don’t need to consent as a condition of any purchase. You also agree to our Privacy Policy.
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 money does Papa John's franchise cost?
Most food franchises may reach millions of dollars in investment. But Papa John’s is a bit different. That’s because the financial requirements for the said franchise would not exceed the $1 million mark. If you like selling pizzas, you could leverage the growing popularity of the company.
How long does it take to become a Papa John's franchise owner?
As a franchise owner, you would undergo training for six to eight weeks. You’d train onsite, at the headquarters, and at one of the company’s restaurants. Your employees or prospective employees may also be required by Papa John’s to take part.
What is franchise fee?
The franchise fee is a one-time payment that allows you to use the company’s trademark and products.
How much does it cost to train a restaurant?
The expenses for the training run from $1,000 to $15,000 if you’re planning to set up a standard restaurant. Non-traditional units, on the other hand, could cost you $2,000 to $6,000.
How much does a restaurant equipment cost?
For a traditional restaurant, the price of equipment runs from $30,000 to $120,000. Furnishings for unconventional units, on the other hand, cost $80,000.
Do you need an additional fund to run a franchise?
Hence, an additional fund is necessary to cover the regular expenses.
Is Papa John's a good investment?
This incentive, plus the low financial requirement, makes Papa John’s a pretty good investment. Add in your passion for food selling, and you’ll surely make it big while doing away with the hefty initial fee.
How much does a "Papa John's" franchise cost?
The minimum amount required for a franchisee to invest is $198,130 and can go all the way up to $743,930.
How many "Papa John's" units are in the United States?
There are Papa John's locations in the United States, of which "588" are corporate units and 2546 are franchise units.
From the Franchise Disclosure Document of "Papa John's", that was issued on, 02, 25 2021
The franchise offered is for the operation of a quick service restaurant specializing in pizza and limited additional menu items under the name "Papa John's."
