As of Apr 1, 2018, there were 5,212 Papa John's restaurants operating in all 50 states and 45 countries, including 713 company-operated and 4,499 franchised restaurants, of which 2,745 were in North America.
In fiscal 2017, systemwide, the company opened 376 new restaurants and closed 274 existing restaurants, with all net unit growth attributed to franchises internationally. During the first quarter of fiscal 2108, the company added 13 net restaurants, systemwide. In fiscal 2018, the company expects worldwide net unit growth of 3% to 5%.
Most company-operated restaurants are located in leased space. Initial lease terms are typically 5 years, with renewal options for at least one additional term. Leases are generally triple net leases.
Restaurants are typically located in strip shopping centers or freestanding buildings that provide visibility, curb appeal and accessibility, and can be configured to fit a wide variety of building shapes and sizes. A typical domestic inline or end cap Papa John's restaurant averages 1,100 to 1,500 square feet with visible exterior signage. Non-traditional units are located in food courts at airports, universities or military bases, or event-driven services at facilities such as sports stadiums or entertainment venues, and are designed to fit the unique requirements of the venue. International restaurant formats are slightly smaller, averaging between 900 and 1,400 square feet, and some have dine-in options.
|Company-operated restaurant growth||-4.4%||-0.1%||-1.1%||2.3%||1.7%||3.9%|
|Franchised restaurant growth||3.8%||2.4%||5.1%||5.4%||6.0%||6.9%|
|Systemwide restaurant growth||2.6%||2.0%||4.2%||4.9%||5.3%||6.4%|
|Avg restaurant gross sq ft||1,300||1,300||1,300||1,300||1,300||1,300|
|Avg restaurant gross sq ft growth||-0.3%||-0.2%||-0.3%||-0.4%||-0.6%||-0.6%|