Franchising
Papa John's signs historic franchise agreement
September 29, 2021
Papa John's has inked its largest domestic franchisee development agreement in the company's history with franchisee operator Sun Holdings, Inc.
Sun Holdings will open 100 stores in high-growth markets across Texas by 2029, according to a press release. Sun Holdings was founded by Guillermo Perales and is based in Dallas, Texas.
"Since its founding, Sun Holdings has taken a long-term, disciplined approach when making growth investments," Perales said in the release. "Papa John's fits our criteria perfectly. We see tremendous potential in this premium brand, backed by an innovative culture and highly attractive economics. We know Texas well and see an immense opportunity to grow Papa John's across this dynamic region."
"Papa John's development flywheel has started to take off," Amanda Clark, Papa John's chief development officer, said in the release. "With industry leading paybacks and our key strategy of making it easy for franchisees to say yes to developing, we can attract great new partners to our brand. We're excited to launch this milestone partnership with Guillermo and his team at Sun Holdings in Texas. Sun Holdings is a successful and well-financed operator who understands the Texas market and brings deep expertise within the QSR space that will benefit the entire Papa John's system."
Papa John's operates more than 5,500 restaurants and territories. Sun Holdings supports more than 1,000 locations across 12 states, including Taco Bueno, Burger King, Popeyes and Arby's.
