Oct. 16, 2002
ALBANY, N.Y. -- Equipment used in six Papa John's stores closed on Oct. 7 has been sold to an area Domino's Pizza franchisee.
According to the Times-Union, James Cosentino, a principal in Papa John's franchisee Dynamic Enterprises, said his business was leaving the pizza business in and around Albany.
Dynamic Enterprises, which is headquartered in Buffalo, owns the franchise rights for Papa John's and Krispy Kreme doughnuts in upstate New York. It continues operating Papa John's stores in the Ithaca, Binghamton and Syracuse markets.
"We just did not do well with Papa John's," said Cosentino. "We couldn't get (corporate Papa John's) to purchase them and we couldn't find anyone on our own to operate them under Papa John's. We sold the equipment, and the Domino's operator will be taking over."
Louisville, Ky.-based Papa John's International spokeswoman Karen Sherman said the company did not know why Cosentino closed his restaurants. Papa John's, she added, is searching for other franchisees to reopen stores in the Albany area.