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Papa John’s Announces 2014 Development Incentive Program

Stocks in this article: PZZA

After another strong year of restaurant openings in 2013, Papa John’s is once again offering existing and potential franchisees an industry-leading package of incentives to join the Papa John’s family. Under the company’s 2014 Development Incentive Program announced today, franchisees signing development agreements in the U.S. now through 2014 can receive:

 
-- No franchise fee ($25,000 value);
--

A free set of Middleby-Marshall ovens, which may be purchased by the franchisee for $50 after operating for three years;

--

0% royalty for first 12 months of operation

  -- Second 12 months    

1% royalty

-- Third 12 months

2% royalty

-- Fourth 12 months

3% royalty

-- Fifth 12 months

4% royalty

--

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 date.

 

“We are excited to offer this industry-leading development incentive program to new and existing franchisees,” said Tim O’Hern, Papa John’s Chief Development Officer. “The Papa John’s brand has a lot of momentum right now, and there are still a lot of areas for growth throughout the U.S., so now is the perfect time to become a Papa John’s franchisee.”

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