Papa John Buying 27 Franchise Locations in Denver
By: Leon Castles
on Friday, April 20, 2012
Denver has been attracting lot of hotels and restaurants lately and therefore many top international and national brands are now looking forward to have their store location in Denver. Now, Papa John International Inc has announced that they are going to buy 27 new locations in Denver that will help them to grow over a period of time. The company has announced that around $3.75 million for all the 27 locations in Denver. The company also said that they are going to purchase more restaurant locations in Minnesota as well for which they will be paying another $1.5 million to the franchises.
Papa John International Inc also announced that they have bought all the franchises owned by a Baltimore company that has currently filed a bankruptcy protection according to the documents that are filed in US Bankruptcy Court. Papa John International Inc has also announced that they are buying all these restaurants from PJCOMN Acquisition Corp that filed bankruptcy in September 2011. The company believes that these new locations will help the company to grow in Denver and Minnesota and will provide better profits in the future. Papa John International also believes that these are strategic locations that will be helpful for the company to have better business.