Papa John's International
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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, U.S. |
|
Number of locations
|
4700+ (January 2016) |
|
Key people
|
John Schnatter (President & CEO) Steve Ritchie, COO (May 15, 2014) |
| Revenue |
 US$ 1.439 billion (December 30, 2013)
|
|
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)
|
| Total equity |
 US$ 138.184 million (December 30, 2013)
|
|
Number of employees
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20,700 (December 30, 2013) |
| Website | papajohns.com |
Papa John's Pizza is an American restaurant franchise company. It runs the third largest take-out and pizza deliveryrestaurant chain in the United States, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.
The Papa John's restaurant was founded in 1984 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 US$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. Dipping sauce specifically for pizza was invented by Papa John's Pizza that same year, and has since become popular when eating pizza, especially the crust. In 2009, Schnatter got the Camaro back after offering a reward of $250,000 for the car.
As of December 2016 PMQ Pizza Magazine said that the company was the third-largest take-out and pizza delivery restaurant chain in the United States. (According to PMQ, Little Caesars is the third-largest pizza chain; however, it does not deliver.) Company headquarters are in Jeffersontown, Kentucky, a community within the merged government of Louisville. Its slogan is "Better Ingredients. Better Pizza. Papa John's."
Papa John's franchises 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 the 4,000th Papa John's Pizza restaurant opened, 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 owners pay a one-off franchise fee of $25,000 per restaurant, then a royalty fee of 5% of net sales, plus a charge for advertising of 8% of net sales. The company requires franchisees to have net worth of at least $250,000, the approximate amount of investment needed. Corporate operations look over franchisees to ensure brand consistency. As of January 2016[update] there were over 4,700 Papa John's restaurants 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