Papa John's Announces 2010 Development Incentive Program

Papa John's Announces 2010 Development Incentive Program

Program Offers Zero Franchise Fee, Reduced Royalty Rate for First Year and Covers Cost of Pizza Ovens for New Restaurants Opened in 2010

LOUISVILLE, Ky. (BUSINESS WIRE) -- Papa John's has made it easier for both new and existing franchisees to expand the "Better Ingredients, Better Pizza" brand throughout the U.S. with the announcement today of an unprecedented U.S. Development Incentive Program. For qualifying restaurants opened in 2010, this best-in-class program features:

  • No franchise fee ($25,000 value);
  • Two Middleby-Marshall ovens, which may be purchased by the franchisee for $50 after operating for two years (a range in value of $20,000 - $30,000); and
  • A reduced royalty rate for the first 12 months for on-time restaurant openings, including a 0% royalty rate for restaurants opened by June 2010.

"Given the continued uncertainty in the economy, we are excited to offer this program to help both existing and potential new franchisees grow within the Papa John's family," said Jude Thompson, Papa John's President and Chief Operating Officer. "We definitely are in a growth mode, and believe the program will help franchisees offer our 'Better Ingredients, Better Pizza' to more consumers throughout the country."

The program is generally available for new U.S. unit development agreements signed by qualifying franchisees through November 2010, for new restaurant openings in 2010. The incentives are subject to the complete rules and eligibility requirements of the program at the time of signing a development agreement, available from the company.

Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world's third largest pizza company. For nine of the last 10 years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John's also ranks first among pizza companies in the 2008 Brand Keys Customer Loyalty Engagement Index, was honored by Restaurants & Institutions Magazine (R&I) with the 2008 Silver Award for Consumers' Choice in Chains in the pizza segment, and was named 2007 Pizza Today Chain of the Year.

SOURCE: Papa John's International, Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Kona Ice
We have a question for you. What determines the success of a franchise? Is it luck? Coincidence? Kona Ice was ranked #1 New Franchise in Entrepreneur...
Blaze Pizza
Blaze Pizza, the recognized world leader in fast, artisanal pizza, is looking to add to our team of top-tier franchise partners.
Brooklyn Fitboxing
Brooklyn Fitboxing is a fun and effective training experience, where music, fitness, and technology converge to unleash healthy and engaging...
Lightbridge Academy
Lightbridge Academy has a way of making parents and children feel like they’re special. Here, they are surrounded by a Circle of Care that’s more...
Shakeaway
ShakeAway is a unique global company with stores popping up all over the world! Get involved in this fun, fast growing and profitable franchise now...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.