E2 Visa – Papa John’s
If you are looking for a great E2 Visa Business, considering owning your very own Papa John’s location. Papa John’s has become an international brand that is adored in the United States as well as round the world. This could be your opportunity to be your own boss in a successful business that has both national and international recognition.
We Can Help You
The purpose of having this informational page on the Papa John’s franchise, is to provide you with some initial research and compilation of essential franchise purchase factors when you are considering it as an option for your E2 Visa Business. If you are interested in purchasing a Papa John’s franchise, feel free to contact us and let us know, as we have some excellent contacts that could assist in securing your E2 Visa Business.
Ok-let’s get into some details about the Papa John’s Franchise
About Papa John’s
Papa John’s opened its doors in 1985, after its founder John Schnatter had dreamed of opening his very own pizza parlor. A year after opening its doors, Papa John’s began franchising. Driven to deliver the highest quality of pizza, Papa John’s recognizes that for their customers its not just about Pizza. Rather, its about enjoy a family meal at your next gathering or occasion, and for family the highest quality and superior ingredients must be utilized.
Papa John’s primarily functions as a carry-out/delivery operation, although some locations do have a dinning and seating area. With close to 5,000 locations here in the US and around the world, Papa John’s is definitely worth a look.
E2 Visa Opportunities
When selecting an E2 Visa Business opportunity it is important to ensure that the business you purchase will satisfy each of the E2 Visa requirements. To that effect, both the viability of the business and the ability of the business to continue to employ at least 2 American Workers is of highest importance.
The benefits of the Papa John’s Franchise is that has been extremely successful in the United States, as it is frequented by many customers on a daily basis. Due to the restaurant nature of the business, every Papa John’s location must function through the employment of several employees. During the busiest of times, there can be several employees working the line. With this is in mind, it is safe to say the American worker employment requirement would easily be satisfied through the purchase and successful operation of a Papa John’s franchise.
Depending on the location and size of operation, and the incentives available at the time, the total investment for a Papa John’s Franchise would require $129,910 upwards.
Net Worth Requirements
Like any business, it is extremely important that the operation of the franchise run smoothly and successfully. Any failure in the operation of the Papa John’s franchise could reflect negatively on the Papa John’s brand. Thus, Papa John’s requires that you maintain a net worth of $250,000. Keep in mind that your net worth is basically the value of your assets minus the amount of your debts. Thus, while this may seem like a steep requirement, it can be satisfied by many of our clients.
In addition to have a net worth requirement, Papa John’s requires their businesses to have a certain amount of funds liquid at all times. This means that they require you to have a certain amount of cash that you will have left on hand, that is essentially available to the business should it ever be required.
Papa John’s has a relatively low cash liquidity requirements of $50,000
Papa John’s requires each of their franchise owners to undergo initial training on the operation of the restaurant to the principal operator and restaurant managers. Included in the training process, the principal investor must attend in a certified training restaurant identified by the corporate offices of Papa Johns. Additionally, the investor will undergo training at the Papa John’s University in Louisville, Kentucky.
Once the franchise location is ready to be opened, an opening support team consisting of corporate employees will be used to provide further training to the investor and the team employed at the new franchise location.
From the extensive training process, it is evident that Papa John’s is committed to the success of the franchise location and will be ready to administer additional training programs if necessary. Thus, you can be rest assured that you will be in great footing to handle your franchise business, leading it towards success.
The are a number of benefits of purchasing a Papa John’s franchise, many are even listed on their website. As will be discussed below, Papa John’s offers incentive programs with reduced fees and royalty costs to their franchise purchasers.
In addition, Papa Johns is ranked among the top five fastest growing restaurant chains in America. They also have been previously rated as the #1 Pizza Brand of the year, as well as #1 in customer satisfaction among all national pizza chains. From a sales standpoint, which will affect your bottom line and ability to sustain your business, they are also seen as the industry leader in customer sales to investment ratio per restaurant.
Papa Johns also allows absentee ownership. Meaning that if you so desire, you can make your investment and play a background role in the day-to-day management of your business. This is perfect if you are looking to hang back and relax during the course of your investment.
As briefly mentioned above, Papa John’s does require their franchise owner to be responsible for paying both franchise and royalty fees. Currently, Papa John’s is offering incentives to franchise purchasers. These incentives consist of; no initial franchise fee, a free set of ovens for each store, and reduce royalties over the first four years, starting at 1.0% and increasing by 1% each year.
In the event that the incentives do not apply or are no longer being offered, the standard franchise fee for a Papa John’s location is $25,000. The royalties consist of 5% of the Net Sales of the restaurant for each period and a 1/5% on-line transaction fee for sales made via the internet.
Thus, the startup costs for the Papa John’s location is extremely low whether it is under the incentive based program on the regular franchise purchase option.
Finding Your Location
As your E2 Visa Lawyer, we would be delighted to work with you and get you connected with the best person within the Papa John’s organization to source your location and solidify your investment. Give us a call today and we will get the ball rolling and bring you closer to being an American Business Owner.
The Law Offices of Chris M. Ingram offers free initial consultations to anyone looking for an E2 Visa and suitable business. Our goal is to provide all of our clients with the very best advice and support possible, so do not hesitate to call us for your consultation, or fill out the consultation form on this page. We look forward to hearing from you very soon.
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