Papa John's to offer development incentives
December 3, 2009
by Eric Schroeder
LOUISVILLE, KY. — Papa John’s International, Inc. will launch a U.S. development incentive program in 2010 for qualifying restaurants featuring no franchise fee, two Middleby-Marshall ovens, and a reduced royalty rate for the first 12 months for on-time restaurant openings, including a 0% royalty rate for restaurants opened by June 2010.
“Given the continued uncertainty in the economy, we are excited to offer this program to help both existing and potential new franchisees grow within the Papa John’s family,” said Jude Thompson, president and chief operating officer. “We definitely are in a growth mode, and believe the program will help franchisees offer our ‘Better Ingredients, Better Pizza’ to more consumers throughout the country.”
Papa John’s said the program will be open to qualifying franchisees through November 2010, for new restaurant openings in 2010.