Papa John’s to Finish 2012 with 200 Franchise Agreements in North America

Papa John’s International, Inc. announced Tuesday that over 200 franchise agreements will have been signed by the end of 2012. According to a press release, nearly half are first-time agreements with new franchisees. Papa John’s expects the new agreements to yield over 5,000 new jobs in the next three years. “We are in the business of opening more restaurants and creating more jobs that continue to stimulate the economy,” said John Schnatter, Founder, Chairman and Chief Executive Officer. “Nearly 50 percent of the new agreements signed represent individuals who are opening their first Papa John’s small business franchise. With the average Papa John’s franchisee owning three to five restaurants, we are proud to be doing our part as a brand to keep the economic engine running for small business owners.” 2013 will also see the continuation of Papa John’s Franchise Development Incentive Program, which helps ease the cost of entry with the following incentives:

• No franchise fee ($25,000 value);
• $50,000 in equipment, including two Middleby-Marshall ovens, which may be purchased by the franchisee for $50 after operating for three years;
• A royalty waiver for up to 18 months; and
• A $3,000 food credit with PJ Food Service, which operates Papa John’s fresh dough and food distribution quality control centers, for each restaurant that opens at least 30 days prior to the scheduled opening date.

Qualifying franchisee candidates can take advantage of the incentive program through Nov. 30, 2013. For more information on the program, visit www.papajohns.com.