for starters, it is fairly simple and easy to buy into a papa john’s franchise, especially when you look at other pizza franchises like domino’s pizza. the initial investment requirement of as little as $300k for a 1,200 square-foot store is quite reasonable. when it comes to talking hard numbers, papa john’s does deliver high roi even if you are an absentee franchisee. whether you want to be an absentee owner or a hands-on franchisee, ongoing training offered by papa john’s can come in especially handy. in fact, it was recognized by american customer satisfaction index as the no.1 pizza brand when it comes to customer satisfaction.
the only drawback that might put you off is the obligatory 8% marketing and advertising budget. according to a recent fdd, you can pull in an average of $781, 202 in revenue from your papa john’s franchise. according to recent stats, the average costs associated with running a papa john’s location are:● $284,000 on food costs (or nearly a third of revenue)● $194,000 on labor and labor-related costs (a fifth of the revenue)● $89,000 on marketing and advertising (approximately 9 percent of the revenue)● $45,000 on mileage (about 5 percent of revenue)● $44,000 on location manager costs● $22,000 on store deals and bonuses● $44,000 on tech, supplies, uniforms and other miscellaneous items● $34,000 on location maintenance, lease, and rent from that, you can easily determine that the cost of operating a franchise is approximately $824,500. for franchisees, there are a few adjustments you might want to put into consideration. also, a franchisee has to pay the mandatory 5 percent of net sales towards royalty fee as well as put in at least 8 percent of the profit towards advertising and marketing.
according to a recent fdd, you can pull in an average of $781, 202 in revenue from your papa john’s on average, a single papa john’s restaurant can make $837,000 a year, how much does franchise owner make? papa john’s has a franchisee problem papa john’s comeback from a brutal 2018 could face a huge and o’cull estimates that pizza hut franchisees average ebitda to compete when their operators don’t make money., How much does a Papa John’s franchise owner make a year site:www.quora.com&prmd=sniv, papa john s franchise failure rate, papa john s franchise failure rate, how much does a papa john’s franchise cost, papa john’s franchise for sale. [u’ A report from Franchise.com estimates that Papa John\’s franchise operators are making around $67,000 a year. This number is debatable, but we\’ll address that in a minute. According to The Street, an annual salary of $67,000 is still considerably above the median wage for U.S. citizens.Feb 14, 2020
how much does it cost to build a papa john’s franchise? an average unit of 1200 – 1400 square feet, located in a strip papa john’s pizza is a simpler and often more profitable investment compared to other papa john’s franchise information. the company makes it easy to get started with a franchise. how much does a papa john’s franchise cost? it costs about $300000 to open a new papa john’s papa john’s is currently waiving its $25,000 franchise fee for new the pizza chain generates an average of $876,000 in sales, papa john’s franchise owners, list of papa john’s franchise owners, papa john’s franchise review, most profitable franchises, papa john’s business model
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