Papa John’s is a world-wide fast food enterprise that generates over $1 billion in sales each year.
Papa John’s first opened in the UK back in 2000 and since then has gone on to become a pretty well-known business in the takeaway sector. It has been awarded UK Pizza Delivery operator for 4 out of 6 year. There are plenty of franchise opportunities available at the moment with a particular focus on the North and Scotland (so much so that there are incentives available to get you started in these areas including £10,000 of marketing support and over £20,000 of equipment).
A Little Background
There is a rigorous application process for Papa John’s formed of 10 steps from application to training. The training provided is extensive with 4 weeks of initial training and then further training provided when needed (this is offered in class or online). You also get access to a Franchise Business Manager who will help you along the way with running your new franchise successfully. Papa John’s in turn look for people who are motivated and passionate with good people skills who are willing to work to their methods which does involve getting involved in the day to day side of the business.
The minimum investment required for a Papa John’s franchise is around £170,000, potentially going as high as £225,000. It is worth noting that at least £70,000 of this should be in liquid funds and immediately accessible. There is also a franchise fee of £18,500 +VAT which is payable prior to your training.
Papa John’s is a recognised name in the fast food industry and this means that there is a reasonable chance of making good money from this. Papa John’s themselves don’t provide any specifics however.
Papa John’s looks for all intents and purposes to be a growing brand with an emphasis on increasing market share within the UK. This makes for a lot of long term potential, especially in terms of growth however this is offset by a rather hefty initial investment. Personally I think that it would take a lot for Papa John’s to knock Pizza Hut or Dominos off the top spot in this field however, so consideration of the competition’s location is a must.