Program offers zero franchise fee, a royalty waiver for up to 12
months, and covers the cost of pizza ovens for new restaurants opened in
LOUISVILLE, Ky.--(BUSINESS WIRE)--
On the heels of a successful year of new store openings across the U.S.,
Papa John's is once again making it very appealing for franchisees to
grow within the Papa John's family. Under the company's 2011 Development
Incentive Program announced today, qualifying restaurants opening in the
U.S. in 2011 under this best-in-class program can receive:
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 royalty waiver for up to 12 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
"Papa John's continues to be a strong and growing brand, with lots of
runway remaining to grow both in the U.S. and throughout the world,"
said Jude Thompson, Papa John's President and Co-CEO. "With the
continued uncertainty of the economic recovery as we head into 2011, we
are proud to offer this program to help franchisees bring our ‘Better
Ingredients, Better Pizza' to an increasing number of consumers
throughout the U.S."
The program is generally available for new U.S. unit development
agreements signed by qualifying franchisees through Oct. 31, 2011, for
new restaurant openings in 2011. The incentives are subject to the
complete rules and eligibility requirements of the program at the time
of signing a development agreement. Full program details are available
upon completion and review of a Franchise Application accessible at www.papajohns.com.
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. For more information about
the company or to order pizza online, visit Papa John's at www.papajohns.com.
Papa John's International, Inc.
Darryl Carr, 502-261-4318
Source: Papa John's International, Inc.
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