Papa John’s is a chain of pizza delivery restaurants in the United States. It is named one of the largest and fastest growing pizza companies in the world and ranks highly in customer satisfaction.
The Papa John’s concept was envisioned and pioneered by John Schnatter, who began his career in the same industry delivering pizzas as a pizza driver. After graduation, he had the opportunity to work at his father’s bar, but he 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 scoring high ranks in customer satisfaction. One reason 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 flours, meats, cheeses, vegetables and other ingredients, Papa John’s focuses on fresh, clean and hygienic products. Each pizza is served with the required garlic sauce for dipping and thinning.
In case you want to partner with Papa John’s in the business of serving high-quality pizzas to their customers and opt for a Papa John’s franchise, you should have at least a rough idea of the initial franchise fees.
• The minimum net worth of a unit is $ 250,000; 4 to 10 units cost $ 1 million, and more than 11 units require $ 2 million in net worth.
• Liquid assets consisting of cash and / or available financing must total at least $ 250,000 for any number of units.
• At least one partner, experience in successful business management and proximity to the chosen location.
• The franchise fee is low at $ 25,000
• Ongoing royalty fee of 5% 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 that is around $ 220,000.
• Renewable every 10 years.
• Absent Property – Actually recommended if you are new to QSR.
• Ranking: Recently Named the 10th Global Franchise by Entrepreneur Magazine.
• Forced marketing budget: a franchisee must spend a minimum of 7% of the monthly net on marketing.
Papa John’s Franchise Information:
Establishment of the company: 1985
Franchise since: 1986
Deductible rate: $ 25,000
Total Investment (US): $ 160,000 to $ 395,000
When looking to start a business, it is important, especially given 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 complete understanding of the investment amount, the initial cost and the “ROI” (return on investment).
Did you know that 80% of ALL franchise efforts fail in the first two to five years, leaving huge debt on the horizon for years thereafter?
You can reduce your risk by taking advantage of the new era of entrepreneurship. Opportunities have arisen in the online market that are creating millionaires every day. Learn more about the exciting opportunities associated with a profitable business model by visiting: http://whatsbetterthanafranchise.com.