WHAT IS PAPA JOHN’S? By Group1 （ class2 ） PPT 制作人：梁洁茵

Our guess : franchising ! Papa John's Pizza is the fourth largest take-out and delivery pizza restaurant chain in the United States (behind Pizza Hut, Domino's Pizza and Little Caesars Pizza), with headquarters in Jeffersontown, Kentucky, near Louisville. The first Company-owned Papa John’s restaurant opened in 1985 and the first franchised restaurant opened in At December 30, 2012, there were 4,163 Papa John’s restaurants in operation, consisting of 696 Company-owned and 3,467 franchised restaurants operating domestically in all 50 states and in 35 countries. Our Company-owned restaurants include 182 restaurants operated under four joint venture arrangements. We also own and operate restaurants in Beijing and North China (48 units at December 30, 2012)

Franchising ! Franchising right Papa John’s franchisor grants the franchisee the right to sell Papa John's pizza and other relevant product and service. Papa John's so far in the world with more than 4,000 chain restaurants in more than 31 countries and regions in the development of franchise business, of which China is considered the most promising and most dynamic market.

Franchising ! Returned royalties The franchisee needs to be paid royalties and other fees by the franchisor.

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Franchising ! Assisted management activities The franchisor of Papa John’s also assists the franchisee in financing, selecting business site, organizing, training, purchasing,advertising and other management activities. How This Franchise Supports Franchisees Training: Available at headquarters: 3 weeks. At location near franchisee : 3-4 weeks. Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation Marketing Support: Ad slicks, National media, Regional advertising, Other marketing support: Marketing planning & support

Advantages Instant customer recognition Independence in operations Established training and guiding system More bank loans

Disadvantages High franchise fee Independence sacrifice

After searching on the internet, we found Papa John’s is an incorporation as well.

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It is a Nasdaq Stock Market, Inc. What ‘s Nasdaq Stock Market? 纳斯达克 NASDAQ （ National Association of Securities Dealers Automated Quotations---NASDAQ

Summary Papa John’s is a franchising incorporation.