Patel, who introduced plans to open an extra 52 new eating places by 2030, will assume possession and operation of 85 eating places beforehand operated by Colonel’s Restricted, LLC
Atlanta, GA (RestaurantNews.com) Papa John’s Worldwide, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Firm”) right this moment introduced that it has refranchised eating places beforehand owned and operated by Colonel’s Restricted, LLC, a three way partnership between Papa Johns and Steeplechase Categorical, Inc. Pie Investments, led by Chris Patel, a number one franchisee operator and now one in all Papa Johns largest home franchise companions, has assumed management of 85 Papa Johns eating places within the Washington, D.C. and Baltimore markets. Via a three way partnership with Papa Johns, the eating places had been beforehand owned and operated by Colonel’s Restricted, LLC, led by William Freitas, one in all Papa Johns longest-standing franchisee companions, who’s retiring. Papa Johns and Pie Investments additionally introduced plans to open 52 further new eating places by 2030 to develop Papa Johns footprint throughout the Better Philadelphia, Washington, D.C. and Baltimore markets.
The strategic refranchising follows a interval of development for Patel and Pie Investments, who function Papa Johns eating places throughout the Northeast. With this refranchising, Pie Investments now operates greater than 150 Papa Johns eating places, furthering Pie Investments’ aim of proudly owning 250 eating places by 2030.
“Chris Patel’s development mindset and entrepreneurial spirit are precisely the qualities Papa Johns is trying to emphasize amongst our franchisees as we work to be the very best pizza makers within the enterprise,” mentioned Ravi Thanawala, Chief Monetary Officer and President, North America at Papa Johns. “Chris has constructed a workforce of leaders captivated with pizza, and his spectacular report in buying eating places and enhancing their profitability is well-known throughout the Papa Johns system.”
“Papa Johns well-known dedication to high quality continues to make the model a sexy funding for entrepreneurs,” mentioned Chris Patel, COO and equal accomplice of Pie Investments. “Papa Johns management is empowering franchisees to drive success, with instruments to raise our operations and improve our buyer expertise. We’re trying ahead to continued development with Papa Johns and bringing the model promise of Higher Components. Higher Pizza. to new teams of pizza lovers.”
Colonel’s Restricted, LLC, led by William Freitas and his household, opened its first Papa Johns restaurant in 1993, and helped develop Papa Johns into the world’s third-largest pizza supply firm. The franchisee was one of many first pizza restaurant house owners to embrace digital channels, enabling Papa Johns to turn out to be the primary main pizza chain to supply on-line ordering.
“Invoice Freitas and his workforce at Colonel’s Restricted might be remembered as pioneers amongst these like Chris Patel who’re following of their footsteps,” Thanawala mentioned.
Ahead-Wanting Statements
Sure issues mentioned on this press launch which aren’t historic details are “forward-looking statements” that contain dangers and uncertainties. For a dialogue of such dangers and uncertainties, which may trigger precise outcomes to vary from these contained within the forward-looking statements, see “Half I. Merchandise 1A. – Danger Elements” of the Annual Report on Kind 10-Ok for the fiscal 12 months ended December 29, 2024. We undertake no obligation to replace publicly any forward-looking statements, whether or not because of future occasions, new info or in any other case.
About Papa Johns
Papa John’s Worldwide, Inc. (Nasdaq: PZZA) opened its doorways in 1984 with one aim in thoughts: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that utilizing high-quality elements results in superior high quality pizzas. Its authentic dough is fabricated from solely six elements and is contemporary, by no means frozen. Papa Johns tops its pizzas with actual cheese made out of mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the identical day and meat freed from fillers. It was the primary nationwide pizza supply chain to announce the elimination of synthetic flavors and artificial colours from its whole meals menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza supply firm with roughly 6,000 eating places in roughly 50 nations and territories. For extra details about the corporate or to order pizza on-line, go to www.PapaJohns.com or obtain the Papa Johns cellular app for iOS or Android.
About Pie Investments
Pie Investments Administration LLC now owns and operates greater than 150 Papa Johns eating places throughout six states, making it one of many system’s fastest-growing franchise platforms. The corporate is dedicated to constructing high-performing groups, elevating the visitor expertise, and driving operational excellence all through its portfolio. Pie Investments continues to put money into folks, expertise, and store-level operations to assist disciplined, long-term development inside the Papa Johns system. With a performance-driven tradition and a robust dedication to its communities, the corporate companions intently with its staff, model management, and native neighborhoods to ship distinctive outcomes for company and stakeholders alike.
Contacts:
Traders:
Papa Johns Investor Relations
investor_relations@papajohns.com
Media:
Harrison Sheffield
Sr. Communications Supervisor
Papa John’s Worldwide
Harrison_Sheffield@papajohns.com
470-751-4483
