Back in 1984, the now-world famous pizza brand Papa John’s had opened its first restaurant and from 1986 it had started franchising. Papa Johns franchises stands at more than 3,000 restaurants worldwide all of which are devoted to fulfill the commitment of the brand “Better Ingredients. Better Pizza.” Wish to explore this growing Papa John’s franchising network which is spread over China, Uk, United Arab Emirates, Malaysia, Canada, and many more countries?

Financial Requirements

The development agreements of Papa John’s usually require a franchisee to become having in operation in a specific location, the absolute minimum number of restaurants inside a time period limit of three to seven years. To make this happen, prospective franchisees should have supply of significant cash and value. Papa John’s usually requires, a minimum value of US$2,000,000 with extra cash/liquid assets requirements too.

Ownership Requirements

. A minimum of, one partner of the group applying for franchise ought to be from the business background one partner should have sufficient, experience in retail or restaurant management.

. All throughout the time of the information on the franchise group, the Principal Operator will have to remain in the area going to be developed and he should have previous experience in management relative, to the quantity of units that are to become developed.

. For every member making up the proposed franchise group, a personal resume and financial statement must be submitted as well as the resume of the Principal Operator candidate.

Global Franchise Fees

. For a Papa John’s standard restaurant, the franchise fee stands at US$25,000 per unit.

. From month to month, 5% of net sales royalty or ongoing management service fee is applicable.

. It is the requirement of Papa John’s that every franchisee should spent minimum 6% of net monthly sales for marketing purposes. The share distribution ought to be 5.5% must be allocated to local marketing and 0.5% should be paid, to some fund involved in global marketing.

Global Franchise Agreements

. Intent Letter: This letter is non-binding and it outlines, our knowledge of the territory and amount of units to be built in the specific territory which requires a deposit. If your Development Agreement or perhaps a Master Franchise is signed then its against, the exclusivity fee the deposit will be credited.

. Development Agreement: This is a binding agreement which states down, all development obligations and rights along with the development and territory schedule. We’ll consider only under certain conditions, an expert Franchise Agreement that will allow sub-franchising.

. Unit License Agreement: This agreement is signed when; a particular restaurant is stated to spread out. The agreement governs the operations and the unit.

Papa John’s Int’l. Inc. keeps growing fast within the franchise business. It shows a marked improvement within the proven fact that it has become the #29 fastest growing franchise of 2010, when compared with its #55 ranking in 2009. For those who have that zeal to make it big, Papa John’s Int’l. Inc. franchise is the right choice for you.

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