papa john’s - franbiznetwork.com

Papa John’s13 Units

Pennsylvania

Confidential Information Memorandum

December 2018

Papa John’s 13 Units in Philadelphia, PA

Disclaimer:FranBizNetwork (“FBN”), has been retained and by Manish Singh on behalf of Saroj & Manju Investments Philadelphia LLC (“Seller”) as exclusive broker for the sale of these Papa John's locations in PA (“Business”). This Confidential Information Memorandum (“CIM”) has been prepared by FBN from information supplied to it by the Seller and other sources believed to be reliable and is being furnished through FBN solely for the purpose of providing the recipient with general information to assist in an evaluation of the Business. This CIM does not purport to be all-inclusive or necessarily to contain all the information a prospective purchaser may desire. FBN has not verified independently any of the information, nor does FBN make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this CIM or any other written or oral statement made to a prospective purchaser of the Business. Only those representations and warranties that may be made in a definitive written agreement, when and if it is executed, and subject to such limitations and restrictions as may be specified in such definitive agreement, shall have legal effect.

Interested parties should conduct their own investigation and analysis of the Business and of the information contained in this CIM and should consider the advice of their financial, legal, accounting, tax, and other business advisors in analyzing the books and records of the Business.

This CIM contains proprietary non-public information regarding the Business and is governed by the terms of the Confidentiality Agreement agreed to by the interested party receiving this CIM, which strictly limits the use, disclosure, circulation, and reproduction of the information contained herein. Any person receiving this CIM should carefully read and understand the Non-Disclosure Agreement they signed before reading further. https://www.franbiznetwork.com/wp-content/uploads/2014/08/NDA-for-Website-LC.pdf

This CIM may not be photocopied, reproduced, or distributed, without the prior written consent of FBN. By accepting this CIM, the recipient confirms that it is bound by, and will comply with, the provisions of the Confidentiality Agreement and agrees that all of the information contained herein and any related information which may be provided by Seller, or on its behalf, in connection with the Business will be treated by it in accordance with the Confidentiality Agreement.

FBN is acting as an exclusive broker to the Seller in connection with the proposed sale of this Business. Prospective purchasers agree not to contact the Seller or any of the Seller’s management or restaurant personnel. All communications, inquiries and requests for information regarding the Assets should be addressed to FBN.

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Papa John’s - 13 Units in Pennsylvania

FranBizNetwork is happy to bring to the market 13 Papa John’s locations in around the Philadelphia, PA area. Any questions or requests for further information should be directed to Buyer’s FBN advisor. Under no circumstances should prospective buyers contact Seller directly.

Patti Schenk(925) 392-3814 phone

[email protected]

Overview of the sale process:• Buyer reviews the CIM and visits the stores as a customer, taking care to be

discreet and not alert employees or management to the sale• Buyer works with FBN advisor to submit application to Papa John’s• Buyer works with FBN advisor to make an offer, contingent upon full due

diligence review, franchisor approval, financing if required, and lease assignments.

• Buyer completes full review of the books and records of the business• Buyer is approved by franchisor and lender (if required)• Buyer attends franchisor training• Buyer and Seller complete walk-thru of each restaurant making sure all

equipment is in good working condition.• Escrow closes and Buyer takes over the stores


All stores are approximately 15-45 minutes from one another.

#11591159 – 7809 New Falls Rd, Levitton19055kPapa John’s Pizza location

UNIT # ADDRESS

1. 1159 7809 New Falls Road, Levittown, PA 19055 2. 1369 390A York Road, Warminster PA 18974 3. 1591 123 S. Main Street, North Wales PA 19454 4. 1640 6001 Ridge Avenue, Philadelphia PA 19150 5. 1659 1002 West Ridge Pike, Conshohocken PA 194286. 1842 2810 Ridge Pike, Norristown PA 19403 7. 1850 6543 Roosevelt Blvd #18-A, Philadelphia PA 19149 8. 2641 2747 Street Road, Bensalem PA 19020 9. 3201 104 S. 40th Street, Philadelphia PA 19104 10. 1229 7 N. Lansdowne Road, Lansdowne PA 19050 11. 1765 510 E Gay St, West Chester PA 19380 12. 1766 185 Eagleview Boulevard Exton PA 19341 13. 3279 139 E. DeKalb Pike King of Prussia PA 19406

Presenter

Presentation Notes


Price is $1,300,000 for package of 13 Units (or sold separately). Stores are franchisee owned, franchise agreements will be assigned to buyer with remaining term Price does not include franchise transfer fees of $4,000 per store. Remaining term will be assigned, and at expiration a

new 10-year term may be purchased for $10,000 each Price does not include approximately $65,000 in inventory or lease security deposits This will be an asset sale, with all assets delivered free and clear of liens Stores are within 15-45 minutes of each other Each store has a manager and/or assistant manager. Franchisor requires training for approximately 6 weeks in Louisville, KY Franchisor requires a minimum net worth of $250,000, with enough liquidity to make the purchase and still have working

capital in reserve.

Overview

Unit #City

YE SalesSept 2018

EBITDA Price

#1369 Warminster#1591 North Wales

$602,092$459,518

$50,504$-32,392

$225,000

#1159 Levittown#2641 Bensalem

$564,550$561,359

$31,744$-20,072

$225,000

#1640 Philadelphia#1850 Philadelphia

$588,768$453,352

$27,739$7,077

$200,000

#3201 Philadelphia#1229 Lansdowne

$722,249$686,283

$-8,546$76,318

$400,000

#3279 King of Prussia $800,039 $76,469 $400,000

#1659 Conshohocken#1842 Norristown

$475,210$497,940

$-33,616$-6,199

$200,000

#1765 West Chester#1766 Exton

$467,261$509,566

$-20,450$1,089

$150,000

PACKAGES SOLD SEPARATELY

Papa John’s- 13 Units in Pennsylvania

Papa John’s is the 3rd largest take-out and delivery pizza chain in the U.S. operating over 3,300 Papa John’s in all 50 U.S. states and 30 international markets.

In 2017, ranked #1 in customer satisfaction among QSR-pizza brands American Customer Satisfaction Index (ACSI) for the 16th time in the last 18 years.

Awarded Business of the Year by Business First in 2013, being the brand most associated with the NFL, and being recognized among the Best Franchise opportunities in 2013 by QSR Magazine.

Franchise agreements are set at 5% royalties and 4% national advertising and 2% local advertising $4,000 franchise transfer fee per store (not included in price)

Franchise:

Market:

The minimum wage in the state of Pennsylvania is $7.25/hour with a median household income of approximately $30,746K.

Philadelphia County is the most populous county in the U.S. state of Pennsylvania. As of 2017, Philadelphia County was home to an estimated population of 1,580,863 residents.

Papa John’s- 13 U 13 Papa John's Pizza Locations- Philadelphia, PAnit Leases

Leases & Franchise Agreements

Store # Address Monthly Rent Square FeetLease

ExpirationLease

OptionsTTM thru Sept 2018

Rent % of Sales

Hours of Operation

1159 7809 New Falls Rd, Levitton, PA 19055 $3,197 1,920 3/30/2021 None $564,550 6.8% 10:30a-12:00a 1369 390A York Rd, Warminster, PA 18974 $3,094 1,250 10/31/2022 2x5 $602,092 6.2% 10:30a-1:00a1591 123 S. Main St, North Wales, PA 19428 $2,831 2,240 9/30/2022 2x5 459,518 7.4% 10:30a-12:00a 1640 6001 Ridge Ave, Philadelphia, PA 19150 $3,400 1,311 8/31/2022 1x5 588,768 6.9% 10:30a-12:00a 1659 1002 West Ridge Pike, Conshohocken, PA 19428 $3,280 1440 8/31/2020 1x3 564,550 8.3% 10:30a-11:30p 1842 2810 Ridge Pike, Norristown, PA 19403 $2,971 1,400 8/31/2020 None 497,940 7.2% 10:30a-1:00a 1850 6543 Roosevelt Blvd, #18-A, Philadelphia, PA 19149 $3,545 1,500 2/28/2028 2x5 453,352 9.4% 10:30a-12:00a 2641 2747 Street Rd, Bensalem, PA 19020 $3,711 1,700 10/31/2020 None 561,359 7.9% 10:30a-1:00a 3201 104 S. 40th St, Philadelphia, PA 19104 $5,313 1,400 5/31/2021 None 722,249 8.8% 10:30a-12:00a 1229 7 N. Lansdowne Rd, Lansdowne, PA 19050 $2,560 1,500 5/31/2024 1x3 686,283 4.5% 10:30a-12:00a 1765 510 E. Gay St, West Chester, PA 19380 $2,200 1,300 8/1/2022 2x5 467,261 5.6% 10:30a-12:00a 1766 185 Eagleview Blvd, Exton, PA 19341 $3,695 1,740 1/31/2022 1x5 509,566 8.7% 10:30a-12:00a 3279 139 E. Dekalb Pike, King of Prussia, PA 19406 $4,356 2,300 5/25/2021 1x5 800,039 6.5% 10:30a-1:00a

Royalties are 5% and Nat'l Advertising are 4%Franchise transfer fee is $4,000 per store. Rents include CAM Each store has about 10-15 employees.Franchise agreements expire 9/30/2027Owned since 9/25/2017No remodels currently due, all updated POS

Executive Summary materials were derived from documents provided by Seller and were prepared by FranBizNetwork to help prospective Buyers complete a summary review. These materials should not replace the Buyer's review of actual books and records and a thorough due diligence process. Buyers should not rely on these materials as definitive but should instead consult the actual due diligence documents.

Store #1159 Store #1229 Store #1369 Store #1591 Store #1640 Store #1659 Store #1765 Store #1766 Store #1842 Store #1850 Store #2641 Store #3201 Store #3279 TOTAL

Ordinary Income/Expense

Income

Non Taxable Sales 2,953.53 2,896.16 8,295.81 4,051.31 503.65 205.56 12,854.39 3,935.89 1,361.09 162.71 399.80 4,822.94 4,095.48 46,538.32

Paymentech Charge Back Sales Re -266.96 -777.42 -110.30 -119.12 -354.01 -239.94 -55.67 0.00 -307.91 -156.54 -79.53 -323.84 -209.04 -3,000.28

Sales 561,863.10 684,164.66 593,906.76 455,586.18 588,618.70 475,244.07 454,461.84 505,629.88 496,886.38 453,345.42 561,038.52 717,749.95 796,152.63 7,344,648.09

Total Income 564,549.67 686,283.40 602,092.27 459,518.37 588,768.34 475,209.69 467,260.56 509,565.77 497,939.56 453,351.59 561,358.79 722,249.05 800,039.07 7,388,186.13

Cost of Goods Sold

Auto Deliveries 18,875.74 21,953.81 19,563.43 15,188.72 21,628.39 21,409.66 19,937.52 15,275.81 18,865.56 15,046.93 19,289.87 26,681.74 28,948.68 262,665.86

Internet Fees 7,180.88 7,586.90 7,484.48 6,642.55 7,355.00 6,909.92 6,057.30 7,275.67 7,067.72 6,070.35 7,084.74 10,562.84 9,653.03 96,931.38

Papa John's P Productions 23,673.99 28,678.62 19,542.28 19,167.13 24,732.81 25,271.62 19,261.73 21,262.27 20,849.22 19,002.68 23,238.79 29,803.29 33,069.45 307,553.88

Philadelphia DMA 16,034.29 19,406.23 16,869.29 12,974.72 16,752.37 13,454.88 12,769.61 12,646.01 14,109.56 12,964.03 15,728.06 20,248.75 22,362.92 206,320.72

Purchases Coca Cola 10,301.20 10,301.20 10,301.20 10,301.20 10,301.20 10,301.19 10,301.19 10,301.20 10,301.24 10,301.25 10,301.21 10,301.20 10,301.22 133,915.70

Purchases Papa John's 170,738.67 205,382.12 180,861.15 138,342.78 171,675.98 144,280.52 132,885.83 149,648.68 148,018.85 137,542.79 169,239.41 209,365.02 222,369.99 2,180,351.79

Royalties 26,343.05 31,798.50 27,528.37 21,455.83 23,716.09 21,761.12 21,581.31 23,563.96 23,467.39 21,531.15 25,785.23 32,861.13 37,291.11 338,684.24

Total COGS 273,147.82 325,107.38 282,150.20 224,072.93 276,161.84 243,388.91 222,794.49 239,973.60 242,679.54 222,459.18 270,667.31 339,823.97 363,996.40 3,526,423.57

Gross Profit 291,401.85 361,176.02 319,942.07 235,445.44 312,606.50 231,820.78 244,466.07 269,592.17 255,260.02 230,892.41 290,691.48 382,425.08 436,042.67 3,861,762.56

Expense

Advertising and Promotion 19,208.29 14,671.19 14,155.49 13,897.37 14,238.33 15,227.52 15,394.74 32,185.21 40,912.85 15,342.51 30,427.64 20,308.21 30,619.38 276,588.73

Automobile Expense 1,160.88 1,163.88 1,160.88 1,160.87 1,264.48 1,160.86 1,160.86 1,160.86 1,264.47 1,160.84 1,160.79 2,340.28 1,198.32 16,518.27

Bank Service Charges 852.53 1,229.31 1,205.36 630.17 769.94 764.02 1,160.88 1,001.51 832.03 1,085.37 1,113.55 1,505.14 1,103.23 13,253.04

Cleaning Expense 36.33 36.33 36.33 36.33 36.33 36.33 36.33 36.33 36.33 36.33 36.34 36.34 36.34 472.32

Computer and Internet Expenses 288.80 288.80 288.80 288.80 288.80 288.80 288.80 288.80 288.80 288.80 288.81 288.81 288.76 3,754.38

Credit Card Charges 8,554.89 9,351.38 8,973.89 8,516.06 9,288.46 7,775.79 8,411.65 10,918.64 8,514.08 6,510.22 8,566.12 17,984.61 14,403.71 127,769.50

Employee Benefits

Health Care 395.17 161.84 395.18 161.84 161.84 161.84 528.24 161.84 161.84 161.85 395.18 161.86 161.85 3,170.37

Payroll Expenses 127,551.50 164,545.48 146,222.69 143,532.57 148,058.27 138,179.88 145,523.68 116,853.30 108,557.55 105,212.42 154,181.45 199,930.45 190,500.41 1,888,849.65

Payroll Taxes 18,529.41 23,091.68 22,141.79 20,904.86 25,367.42 19,833.25 22,448.08 17,132.36 18,209.36 14,188.44 22,940.86 33,493.97 26,302.39 284,583.87

Recruiting Expense 232.74 245.00 245.00 245.00 245.00 245.00 245.00 245.00 245.00 244.99 244.98 244.97 244.87 3,172.55

Recuriting Exp 226.08 213.82 213.82 213.82 213.82 213.82 213.82 213.82 213.81 213.80 213.80 213.81 213.81 2,791.85

Tips In/Out 0.00 10.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5.00 5.00

Total Employee Benefits 146,934.90 188,267.82 169,218.48 165,058.09 174,046.35 158,633.79 168,958.82 134,606.32 127,387.56 120,021.50 177,976.27 234,045.06 217,418.33 2,182,573.29

Fire Protection 59.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59.36

Garbage Removal Expenses 1,911.66 353.71 1,741.17 1,741.17 552.21 1,731.16 1,811.57 1,741.17 1,929.66 353.71 1,953.70 3,233.70 2,095.03 21,149.62

Insurance Expense 12,137.84 11,762.84 11,762.84 11,762.84 11,762.84 11,762.84 11,762.84 11,762.85 11,762.86 11,762.88 11,762.81 11,762.81 11,762.78 153,291.87

Licensing 1,565.51 320.51 535.51 800.51 920.41 2,481.85 520.52 1,031.92 420.52 734.96 315.52 730.51 2,481.58 12,859.83

Office Supplies 1,862.05 1,629.57 1,534.01 1,771.90 1,672.29 1,840.19 1,640.06 1,639.48 1,717.90 1,584.17 1,812.25 1,606.20 1,735.41 22,045.48

Outside Services 345.99 345.99 345.99 345.99 345.99 345.99 345.99 345.99 345.99 345.99 346.02 346.02 346.02 4,497.96

Parking Exp 2.33 2.33 2.33 2.33 2.33 2.33 2.33 2.33 2.33 2.33 2.34 2.34 2.34 30.32

Payroll Processing Fees 1,703.47 1,703.47 1,703.47 1,703.47 1,703.47 1,703.50 1,703.50 1,703.50 1,703.50 1,703.50 1,703.44 1,703.44 1,703.39 22,145.12

Pest Control Exp. 283.38 442.38 283.38 283.38 442.38 548.38 283.38 283.38 442.38 548.38 283.37 389.37 283.37 4,796.91

Postage Exp 44.68 42.68 40.18 40.18 40.18 40.18 40.18 40.18 60.18 40.18 40.18 64.93 40.18 574.09

Professional Fees 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 3,900.00

Rent Expense 37,496.43 30,748.00 33,866.94 33,047.19 40,943.56 39,108.00 26,428.00 43,676.63 37,687.51 34,304.86 44,559.99 73,552.58 51,054.41 526,474.10

Repairs and Maintenance 1,912.11 908.12 551.11 4,817.75 2,200.91 1,341.54 991.77 1,109.83 1,328.22 1,921.12 2,981.10 901.99 1,001.79 21,967.36

Security Expense 162.78 215.20 215.20 215.20 215.20 215.20 162.78 215.20 215.20 215.20 215.25 189.25 189.30 2,640.96

Taxes 49.29 49.29 49.29 49.29 49.29 49.29 49.29 49.29 49.29 49.29 49.30 49.30 49.28 640.78

Telephone Expense 6,760.67 6,358.58 6,358.58 6,358.58 5,998.06 6,394.64 6,358.58 7,779.48 6,451.92 6,637.93 6,394.65 6,400.16 6,358.66 84,610.49

Uniforms 261.72 261.72 261.72 261.72 261.72 261.72 261.72 261.72 261.72 261.72 261.74 261.73 261.73 3,402.40

Utilities 15,762.01 14,405.18 14,846.98 14,747.76 17,523.75 13,422.66 17,141.28 16,362.18 17,543.72 18,603.48 18,212.02 12,967.90 14,840.36 206,379.28

Total Expense 259,657.90 284,858.28 269,437.93 267,836.95 284,867.28 265,436.58 265,215.87 268,502.80 261,459.02 223,815.27 310,763.20 390,970.68 359,573.70 3,712,395.46

Net Ordinary Income 31,743.95 76,317.74 50,504.14 -32,391.51 27,739.22 -33,615.80 -20,749.80 1,089.37 -6,199.00 7,077.14 -20,071.72 -8,545.60 76,468.97 149,367.10

Other Income/Expense

Other Income

Interest Income 0.97 0.60 0.60 0.60 0.59 0.59 0.60 0.60 0.59 0.56 0.59 0.58 0.56 8.03

Sales Tax Discount 21.08 21.08 21.08 21.08 21.08 21.08 21.08 21.25 21.18 21.08 21.08 21.21 21.08 274.44

Total Other Income 22.05 21.68 21.68 21.68 21.67 21.67 21.68 21.85 21.77 21.64 21.67 21.79 21.64 282.47

Net Other Income 22.05 21.68 21.68 21.68 21.67 21.67 21.68 21.85 21.77 21.64 21.67 21.79 21.64 282.47

Net Income 31,766.00 76,339.42 50,525.82 -32,369.83 27,760.89 -33,594.13 -20,728.12 1,111.22 -6,177.23 7,098.78 -20,050.05 -8,523.81 76,490.61 149,649.57

Profit & Loss – August 25, 2017 – September 30, 2018


Store #1159 - 7809 New Falls Road, Levittown, PA 19055

Sales: $564,550EBITDA: $31,744(9/25/17-9/30/18)

Located on New Falls Road off Levittown Pkwy, next door to TruMark Financial Credit Union.

Nearby businesses include Hing Wah and Hurricane Jack’s. Nearby competition includes Adriatic Pizza.

Monthly rent is $3,197 and security deposit $3,471

Occupancy costs average 6.8% of sales at this location.

Lease expires in 2021 with no options.


Store #1159 7809 New Falls Rd, Levittown, PA 19055Monthly Sales

Papa John’s – 13 Units in Pennsylvania

Store #1369 – 390A York Road, Warminster, PA 18974

Sales: $602,092EBITDA: $50,504(9/25/17 – 9/30/18)

Located on the corner of York Road and Henry Avenue, next door to Rita’s Italian Ice. This location has residential properties around it. There is plenty of parking on corner lot shared with Rita’s.

Archbishop High School is within a mile. Taco Bell and Sunny Asian Cuisine are located nearby. An ATM and Buck’s Co. Bank are located next door.

Nearby competition include the Big Scoop Creamery & Pizzeria and Emiliano’s Pizza II.

Monthly rent is $3,094 which includes property tax. Occupancy costs average 6.2% of sales at this location.

Lease expires in 2022 with 2x5 year options.


Store # 1369 – 390A York Road, Warminster, PA 18974Monthly Sales


Store #1591 – 123 S. Main St. North Wales, PA 19428

Sales: $459,518EBITDA: $-32,392(9/25/17-9/30/18)

Located on the corner of S. Main Street and Lumber Street. Downtown area next door to Alice Bakery & Confectionary.

A State Farm Insurance Company and Yang’s Martial Arts School is part of building. Nice pedestrian area with the English Village Shoppes and plenty of parking. Large residential in surrounding area.

Nearby competition includes Tony’s Pizza Palace.

Monthly rent is $2,831. Occupancy costs average 7.4% of sales at this location.



Store # 1591 – 123 S. Main St, North Wales, PA 19428Monthly Sales


Store #1640 – 6001 Ridge Avenue, Philadelphia, PA 19150

Sales: $588,768EBITDA: $27,739(9/25/17-9/30/18)

This Papa John’s is located in a strip center on Ridge Avenue and Martin Street. Next door to State Farm Insurance, China House and Manhattan Bagel. Parking is available in front of stores.

This area is highly residential and close vicinity to AMY Northwest Middle School, Roxborough Church, LeveringtonCemetery and Walnut Lane Golf Course. There is a Starbucks across the street with many small shops along Ridge Avenue. Competition in the area is Zesto Pizza and Grill.

Monthly rent is $3,400 with security deposit of $3,000. Monthly common area maintenance is included. Occupancy costs average 6.9% of sales at this location.



Store # 1640 – 6001 Ridge Avenue, Philadelphia, PA 19150Monthly Sales


Store #1659 1002 West Ridge Pike, Conshohocken, PA 19428

Sales: $475,210EBITDA: $-33,616(9/25/17-9/30/18)

Located on Ridge Pike in a stand alone building shared with Budget/Avis Car Rental. Next door to Fitness Exchange and Suburban Philadelphia. Across the street is a Regal Cinemas 10. This location has residential properties above it. There is a large plenty of parking in front and side of building.

Nearby competition includes Uno Pizzeria & Grill and Wendy’s.




Store # 1659 1002 West Ridge Pike, Conshohocken, PA 19428Monthly Sales


Store #1842 – 2810 Ridge Pike, Norristown, PA 19403

Sales: $497,940EBITDA: $-6,199(9/25/17-9/30/18)

Located on Ridge Pike and N. Midland Avenue. Stand alone building shared with Rita’s Italian Ice. Plenty of parking and marquis sign.

Next door to a Shell Gas Station and across street is a Walgreens and Veterinary Hospital. Close vicinity to Park Ridge Shopping Center.

Nearby competition includes Pizza Hut and King House.




Store # 2810 Ridge Pike, Norristown, PA 19403Monthly Sales


Store #1850 – 6543 Roosevelt Blvd. #18-A, Philadelphia, PA 19149

Sales: $453,352EBITDA: $7,077(9/25/17-9/30/18)

Newer shopping center located off Roosevelt Blvd. and Lincoln Hwy. in Philadelphia. Next door to Spanish Island and Miracle-Ear. Close vicinity to Max Myers Recreation Center, a populated residential area. There is plenty of parking in the shopping center parking lot.

Nearby competition includes Spanish Island, Boston Market and Dunkin Donuts.




Store #1850 – 6543 Roosevelt Blvd. #18-A, Philadelphia, PA 19149 Monthly Sales


Store #2641 – 2747 Street Rd, Bensalem, PA 19020

Sales: $561,359EBITDA: $-20,072(9/25/17-9/30/18)

Located in nice shopping center off Street Road and Mechanicsville Road in Bensalem. Next door to AT&T Store, Western Union and Giant Food Stores. Plenty of parking. Close vicinity to Parx Casino.

Nearby competition includes Shagun Palace, Panera Bread and Chili’s Grill & Bar.

Monthly rent is $3,711 and security deposit $2,408. Occupancy costs average 7.9% of sales at this location.



Store # 2747 Street Rd, Bensalem, PA 19020Monthly Sales


Store #3201 – 104 S. 40th Street, Philadelphia, PA 19104

Sales: $722,249EBITDA: $-8,546(9/25/17-9/30/18)

Located on 40th Street and Chestnut Street. Next door to Ekta Indian Cuisine.

Nice college town area, close vicinity to the University of Pennsylvania with many student dormitories.

Nearby competition includes New Delhi, Zesto Pizza & Grill, Pizza Hut and City Tap House.




Store # 3201 - 104 S. 40th Street, Philadelphia, PA 19104Monthly Sales


Store #1229 – 7 N. Lansdowne Road, Lansdowne, PA 19050

Sales: $686,283EBITDA: $76,318(9/25/17-9/30/18)

Located on N. Lansdowne Road and E. Baltimore Avenue. Next door to Liberty Tax Service and across the street from Lansdowne Police Department.

Nearby competition includes Dunkin Donuts, The Icery, and Regency Cafe.




Store #1229 – 7 N. Lansdowne Road, Lansdowne, PA 19050Monthly Sales


Store #1765 – 510 E. Gay Street, West Chester, PA 19380

Sales: $467,261EBITDA: $-20,450(9/25/17-9/30/18)

This Papa John’s is located in a new strip center on E. Gay Street and N. Worthington Street, next door to an Urgent Care. The area provides walking traffic with lots of small shops including Gay Street Plaza Shopping Center. Close vicinity to B. Reed Henderson High School.

Competition in the area includes Taco Bell, KFC, DK Diner, Pizza Hut and Dunkin Donuts.

Monthly rent is $2,200 with security deposit of $2,500. Monthly common area maintenance is included. Occupancy costs average 5.6 % of sales at this location.



Store #1765 – 510 E. Gay Street, West Chester, PA 19380Monthly Sales


Store #1766 – 185 Eagleview Blvd. Exton, PA 19341

Sales: $509,566EBITDA: $1,089(9/25/17-9/30/18)

Located on Eagleview Blvd. and Dowlin Forge Road in a stand alone building shared with Sherwin-Williams Paint. Plenty of parking in front of store.

Large shopping district with Target and LionsvilleShopping Center across the street. Residential areas close by.

Competition in the area includes Domino's Pizza, Starbucks, Wendy’s, Chick-fil-A, Taco Maya and Sal’s Italian Ristorante & Pizzeria.




Store # 1766 – 185 Eagleview Blvd. Exton, PA 19341Monthly Sales


Store #3279 – 139 E. Dekalb Pike, King of Prussia, PA 19406

Sales: $800,039EBITDA: $76,469(9/25/17-9/30/18)

This Papa John’s is located in a new plaza off E. KekalbPike and S. Henderson Road. Subway is next door and there is a Walgreens, Western Union, and PNC Bank close by. Parking is available in front of stores.

This location is in close vicinity to Henderson Square Luxury Apartments.

Competition in the area includes Subway, Wendy’s, Kabuki Sushi and Chick-fil-A.

Monthly rent is $4,356. Monthly common area maintenance is included. Occupancy costs average 6.5% of sales at this location.



Store # 3279 – 139 E. Dekalb Pike, King of Prussia, PA 19406Monthly Sales

papa john’s - franbiznetwork.com

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