Ambitious Papa John’s franchisee opens fourth store
Pizza chain ramps up growth by incentivising franchisees with multi-store opportunities
Pizza delivery chain Papa John’s has announced the opening of its latest outlet in Banbury, Oxfordshire. The store was acquired by serial franchisee Gurnek Singh; following a growing trend of franchisees opening multiple stores.
The news follows the recent announcement that franchisee Dan Wilkinson has just opened his sixth Papa John’s in the North West of England.
Gurnek Singh joined Papa John’s in 2011 and also oversees stores in Rugby, Leamington Spar and Sheffield. Singh said that running multiple stores is almost easier than managing one as you have a bigger team to help you, adding that he is excited at the opportunities opening in Banbury offers the business and the wider community:
“As well as creating more jobs, opening more stores means increased sales… the store is in a popular location and we are very much looking forward to serving up some great pizza for the local community!”
Papa John is the world’s largest pizza franchise after originating in the US in 1984. The global franchise has more than 4,300 stores worldwide and hopes to expand its UK presence further with more UK franchise opportunities available.
The average cost of a franchise falls between £177,000 and £225,000 (excluding VAT and freehold, and of which £70,000 should be liquid funds.)
Business development manager Anthony Round explains the benefits of multi-store franchises:
“There are advantages of economies of scale by running more than one outlet and it offers the chance for expansion using a formula franchisees know works well.
“Once a franchisee becomes confident in managing one store, we can help them apply that knowledge to open multiple outlets if they wish. We are also able to offer some great incentive deals to help ambitious franchisees expand in this way.”
Additional information on franchise opportunities and packages can be found on the brand’s website.