Papa John's Pizza
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| Papa John's Pizza | |
| Public | |
| Traded as |
NASDAQ: PZZA S&P 400 Component |
| Industry | Pizza, Pizza Delivery |
| Founded | October 2, 1984 |
| Founder | John Schnatter |
| Headquarters | Jeffersontown, Kentucky |
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Number of locations
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4700+ (January 2016) |
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Key people
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John Schnatter (President & CEO) Steve Ritchie, COO (May 15, 2014) |
| Revenue |
 US$ 1.439 billion (December 30, 2013)
|
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US$ 106.5 million (December 30, 2013)
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US$ 69.537 million (December 30, 2013)
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| Total assets |
US$ 464.291 million (December 30, 2013)
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| Total equity |
 US$ 138.184 million (December 30, 2013)
|
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Number of employees
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20,700 (December 30, 2013) |
| Website | papajohns.com |
Papa John's Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
The Papa John's restaurant franchise was founded in 1983 when "Papa" John Schnatter knocked out a broom closet in the back of his father's tavern, Mick's Lounge, in Jeffersonville, Indiana. He then sold his 1971 Camaro Z28 to purchase $1,600 worth of used pizza equipment and began selling pizzas to the tavern's customers out of the converted closet. His pizzas proved so popular that one year later he was able to move into an adjoining space. In 2009, Schnatter got the Camaro back after offering a reward of $250,000 for the car.
As of 2016, the company is the third largest take-out and pizza delivery restaurant chain in the world with headquarters in Jeffersontown, Kentucky, a community within the merged government of Louisville. Its slogan is "Better Ingredients. Better Pizza. Papa John's."
Papa John's has over 4,700 establishments around the world, including around 3,500 in the U.S. and over 1,200 spread amongst 37 other countries and territories. In September 2012, Papa John's Pizza opened its 4,000th restaurant, in New Hyde Park, New York. The company celebrated the event by giving away 4,000 free pizzas to customers throughout New York City.
Papa John's primarily takes carryout and delivery orders, although some stores have tables and chairs for dining in.
Franchise stores owners pay a royalty fee 5% of net sales to Papa John's International, and up to 7% of net sales on advertising efforts. Corporate operations look over franchisees to ensure brand consistency. As of January 2016[update], there are over 4,700 Papa John's restaurants worldwide, including locations in all 50 U.S. states and in 37 other countries and territories. Papa John's International is a publicly traded company, with 25% of its shares owned by John Schnatter.
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Wikipedia