Papa Johns Flips 85 Restaurants Over to Franchisee

Papa Johns Flips 85 Restaurants Over to Franchisee

The pizza chain is shifting away from company-owned restaurants as part of a 'strategic refranchising' plan.

Papa Johns Completes Strategic Refranchising and New Restaurant Development Agreement with Franchisee Chris Patel of Pie Investments

ATLANTA–(BUSINESS WIRE)–Papa John’s International, Inc. (Nasdaq: PZZA) today announced that it has refranchised restaurants previously owned and operated by Colonel’s Limited, LLC, a joint venture between Papa Johns and Steeplechase Express, Inc. Pie Investments, led by Chris Patel, a leading franchisee operator and now one of Papa Johns largest domestic franchise partners, has assumed control of 85 Papa Johns restaurants in the Washington, D.C.…

Papa Johns (Nasdaq: PZZA) and Pie Investments to Add 52 New Restaurants by 2030

Pie Investments assumes 85 Papa Johns restaurants in Washington, D.C. and Baltimore, now operating over 150 units, with a goal of 250 locations by 2030.

Papa Johns Completes Strategic Refranchising and New Restaurant ...