Papa John’s Franchise Review
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Papa John’s Franchise Review

Papa John’s is a chain of pizza delivery restaurants in the United States. It is named as one of the largest and fastest growing pizza companies in the world and ranks high in customer satisfaction.

The concept for Papa John’s was envisioned and pioneered by John Schnatter, who began his career in the same industry delivering pizza as a pizza delivery boy. After graduation, he had the opportunity to work at his father’s bar, but wanted to serve his own pizza to his own customers. To achieve this goal, John sold his car.

In a very short time, Papa John’s has achieved great success by being one of the largest pizza companies and ranking high in customer satisfaction. One of the reasons for its success, as indicated by its motto “Better ingredients, better pizza”, Papa John’s uses the best ingredients in its preparation and presentation. From water to protein-enriched flour, meats, cheeses, vegetables and other ingredients, Papa John’s focuses on fresh, clean and hygienic products. Each pizza is served with the requisite garlic sauce for dipping and a thin crust.

In case you want to partner with Papa John’s in the business of serving high-quality pizzas to your customers and go with a Papa John’s franchise, you should have at least a rough idea of ​​initial franchise fees.

Deductible cost:

• The minimum net worth for a unit is $250,000; 4 to 10 units cost $1 million, and more than 11 units require a net worth of $2 million.

• Liquid assets consisting of cash and/or readily available financing must total at least $250,000 for any number of units.

• At least one partner, a successful track record in business management, and proximity to the chosen location.

• Franchise fee is low at $25,000

• 5% ongoing royalties payable monthly.

• The estimated investment is between $160,000 and $395,000 with an average unit of 1,200 to 1,400 square feet in a strip center costing around $220,000.

• Renewable every 10 years.

advantages

• Ownership in Absentee – actually recommended if you don’t have QSR experience.

• Ranking: Recently named the #10 Global Franchise by Entrepreneur Magazine.

cons

• Mandatory marketing budget: a franchisee must spend a minimum of 7% of the monthly net on marketing.

Papa John’s Franchise Information:

Business Established: 1985

Franchises since: 1986

Deductible Fee: $25,000

Total Investment (US): $160,000 to $395,000

When looking to start any business, it’s important, particularly considering today’s market, that you look for specific ways to reduce, minimize, or reduce overhead and risk. Any business is going to have risks, but it is important to have a full understanding of the amount of investment, the initial cost and the “ROI” (Return on Investment).

Did you know that 80% of ALL franchising efforts fail in the first two to five years, leaving large debts behind for years to come?

You can reduce your risk by taking advantage of the new era of entrepreneurship. Opportunities have emerged in the online marketplace that are creating millionaires every day. Learn more about the exciting opportunities tied to a business model starting to pay off by visiting: http://whatsbetterthanafranchise.com.

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