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Papa John’s – The Delicious Pizza Maker of America
Papa John’s Pizza is a US based restaurant company. It is currently operating across 40 nations in the world. It was founded on October 2, 1984 by John Schnatter who is popular as ‘Papa John’. He is the current CEO and Spokesperson of the popular restaurant chain. P. A. P. A. is abbreviated as People Are Priority Always by the firm. They associate their success with their ability, as a team, to work together to achieve their goals and expectations.
Current Market Value
Ever since its inception the company has witnessed steady growth towards becoming one of the favorite Pizza makers of the world. During the year, 1995 they were ranked at number ten as the Nation’s Best Small Companies. For the first time in 1997, they were ranked number one in Overall Customer Satisfaction and Product Quality.
As declared on December 30, 2013, they had an overall revenue of US$ 1.439 billion. The company reported an operating income of US$ 106.5 million, a net income of US$ 69.537 million and a sum of assets of US$ 464.291 million. They were also featured on Top 10 Global Fast Food Chains in the tenth position. They stood in the 30th position in the brand performance category of Franchise 500 Rankings.
The founder of the company, John Schnatter, landed his first job at Rocky’s Sub Pub, a local pizza restaurant, when he was 15 years old. He worked hard with determination to rise from a dishwasher to pizza maker. This path of struggle, inspired him to open his own pizza restaurant and create a superior-quality pizza chain. He pursued his business degree from Ball State University in 1984. He purchased some pre used restaurant equipment and began delivering pizzas. In 1985, Papa John’s began their first restaurant at Jeffersonville, Indiana.In 1986, they sold its first franchise to Roger and Scott Roalofs in Fern Creek, Kentuck.
By the year 1991, they opened their hundredth restaurant in Clarksville, Tennessee. Between the years 1993 to 1999, they made their Initial Public Offering and witnessed a rapid growth by opening their 500th restaurant in 1994 and 2000 the restaurant by 1999. They topped US$ 1 Billion in the system wide restaurant sales. The year 2001, saw the birth of online ordering from the company, becoming the first pizza restaurant of US to do so. In the year 2010, they became the official pizza sponsor for the National Football League. By 2015, the company is operating over 4,700 restaurants worldwide out of which more than 1,200 are international restaurants.
The company primarily takes to carry out and delivery orders. But some of their selected stores have tables and chairs for dining in. In some places they also operate through franchise stores. The franchise stores owners pay up to 7% of net sales on advertising efforts and 5% of net sales to Papa John’s International. It is now a publicly traded company with 25% of its shares owned by the founder himself. They are currently operating in all the fifty states of the USA.
Franchises Outside US
The restaurant chain is operating in the United Kingdom since 2001. They bought 300 shops there in July, 2015 and have plans to expand it to 500 shops within the next five years. In Ireland, the company has over 50 locations and also operates through mobile units around the country. Its head office for Ireland shops is located in Ballybrit, County Galway. All the Papa John’s shops are either closed or operating with different names in the Portugal.
Trade Analysts give a thumbs up for the ones looking to invest in the shares of Papa John’s. The company is looking for more growth in the stock market. It is definitely a wise decision to invest in their shares and look for some long term returns.
Papa John’s Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming