What Are Operating Procedures of Papa John's Franchise
Ever wondered how to become a Papa John's franchisee and build your own pizza empire? Discover the essential steps and financial considerations involved in this exciting opportunity. Explore our Papa John's Franchise Business Plan Template to map out your path to success.
| # | Operating Procedure | Description |
|---|---|---|
| 1 | Location Selection | Collaborate with Papa John's real estate team for demographic analysis and traffic pattern data to identify optimal sites. The ideal location is typically a highly visible 1,200-1,400 sq ft end-cap or freestanding unit with easy access and parking, requiring corporate approval of the chosen site. |
| 2 | Grand Opening Support | Receive extensive support from a dedicated franchise business consultant starting 30-45 days pre-opening, including a marketing plan and budget for promotions. An on-site corporate training team will assist with operations and customer rush management during the opening week. |
| 3 | Ongoing Support | Benefit from continuous support via a Franchise Business Consultant for operational, financial, and marketing guidance. Access to proprietary technology, national marketing campaigns funded by the marketing fee, product innovation, and a national supply chain are also provided. |
| 4 | Royalty Management | Pay 5% of gross sales monthly as royalties, which is automatically calculated and debited electronically through the corporate POS system. Consistent cash flow management is essential to meet this obligation, as failure to pay royalties can lead to termination of franchise rights. |
The initial investment for a Papa John's franchise can range from $272,915 to $989,415, with a required cash investment of $100,000 to $250,000 and a net worth requirement of $250,000 to $750,000. The initial franchise fee is $5,000, with ongoing royalty fees at 5% and a marketing fee of 25% of gross sales. Franchisees can expect an average annual revenue of $1,191,613, with a median of $1,179,700. The breakeven time and investment payback are both estimated at 12 months. Papa John's has a significant franchise presence, with 2,658 franchised units in 2023, alongside 531 corporate-owned units.
Key Takeaways
- To open a Papa John's franchise, prospective franchisees need a minimum net worth of $250,000 and at least $75,000 in liquid assets.
- The initial investment for a traditional Papa John's franchise can range from $272,915 to $989,415, with a franchise fee of $5,000.
- Franchisees must pay a 5% royalty fee on gross sales and a 25% marketing fee, which supports national advertising and brand initiatives.
- Papa John's has a strong market presence, holding approximately 7-8% of the US pizza market share, and a low franchise turnover rate of under 5%.
- The average annual revenue per unit is approximately $1,191,613, with a median of $1,179,700, and EBITDA averaging 11.2% of revenue.
- Financing is often secured through SBA loans, and Papa John's offers a veteran incentive program that waives the franchise fee and reduces royalty payments for the first 36 months.
- The franchise agreement is for ten years with an option to renew, and includes a protected territory, operational standards, and marketing obligations.
What Is The Business Model Structure?
The business model for a Papa John's franchise centers on a well-established fast-casual pizza restaurant system. Franchisees operate under a license agreement, utilizing the brand's recipes, operational procedures, marketing strategies, and supply chain. This model leverages the brand recognition and proven operational framework to deliver consistent product quality and customer experience. The core of the business involves preparing and delivering pizzas and other complementary menu items, with a significant emphasis on digital ordering and delivery, which accounted for over 85% of domestic sales in 2024.
How Profitable Is a Papa John's?
The profitability of a Papa John's franchise can be attractive, with average profit margins typically ranging from 8% to 12% of gross sales as of early 2025. This is influenced by several factors including location, operational efficiency, and local marketing efforts. For a traditional Papa John's restaurant in the U.S., the Average Unit Volume (AUV) was approximately $1.19 million in 2024. After deducting the 5% royalty fee and an 8% national marketing contribution, the remaining revenue must cover all operational costs. Cost of goods sold generally falls between 32% to 34% of revenue. The brand's performance is competitive when compared to the QSR pizza industry benchmark AUV of around $1 million.
What Are the Franchise Fees?
To secure a franchise agreement for a traditional Papa John's unit, the initial franchise fee is $25,000 as of June 2025. This fee grants the franchisee the rights to the brand's name and operating system. Ongoing fees include a 5% royalty fee and an 8% contribution to the national marketing fund, both calculated on gross monthly sales. These fees support brand-wide advertising and the franchise support system. For U.S. military veterans, Papa John's offers significant incentives as of 2025, including a waiver of the initial franchise fee for their first restaurant and a reduced royalty fee schedule for the first 36 months.
Is Papa John's a Good Investment?
When considering a Papa John's franchise as an investment, it's crucial to look at the financial outlay, market position, and operational stability. Understanding the total investment required is the first step. For a traditional restaurant, the estimated Papa John's franchise investment can range significantly, from $188,615 to $844,415 as of June 2025. This broad spectrum accounts for factors like real estate, construction, and location-specific costs. The initial franchise fee alone is $5,000, but this is just a portion of the overall capital needed. Other significant expenses include real estate and build-out, which can cost between $75,000 and $450,000, and equipment and signage, estimated at $65,000 to $150,000. It's also recommended to have around $40,000 in cash reserves for initial operating expenses.
For those seeking a lower entry point, non-traditional Papa John's franchise locations, such as those in airports or universities, can be opened for a more modest investment, typically between $50,000 and $250,000. This difference is mainly due to smaller footprints and shared infrastructure, making franchising Papa John's more accessible for certain entrepreneurs.
What Is the Total Investment?
Delving deeper into the Papa John's franchise cost, the investment structure is quite detailed. The Franchise Disclosure Document (FDD) indicates a low initial investment starting around $272,915 and a high initial investment reaching up to $989,415. These figures encompass various expenditures. Beyond the initial franchise fee of $5,000, franchisees must budget for real estate and build-out ($75,000 - $450,000), equipment and signage ($65,000 - $150,000), and initial inventory ($5,000 - $10,000). Additionally, a required cash reserve of $100,000 to $250,000 is needed to cover the initial three to six months of operation. A key requirement for prospective franchisees is a minimum net worth of $250,000 to $750,000, with a liquidity requirement of $100,000 to $250,000.
What Is the Success Rate?
Assessing the Papa John's franchise success rate involves examining its operational performance and market presence. The brand has shown consistent growth, with franchised units increasing from 2,546 in 2021 to 2,658 in 2023. The total number of units across the system also grew from 3,146 in 2021 to 3,189 in 2023, indicating a healthy expansion trajectory. The franchise turnover rate has been reported as under 5% annually through 2024, which is a positive indicator of franchisee satisfaction and operational viability.
In terms of market share, Papa John's held approximately 7-8% of the US pizza market in 2024, positioning it as a significant player in the quick-service restaurant industry. This established brand recognition and customer loyalty are considerable assets for new franchisees. The average annual revenue per unit is robust, with figures reported at $1,191,613, and a median of $1,179,700. These numbers suggest a strong revenue-generating potential for well-managed Papa John's locations. The FDD also indicates that the breakeven time and investment payback are often around 12 months, which is an attractive prospect for investors.
Tips for Evaluating a Papa John's Franchise Investment
- Thoroughly review the Franchise Disclosure Document (FDD) for detailed financial performance representations and understand all fees, including the royalty fee of 5% and a marketing fee of 25%.
- Analyze the average unit volumes and compare them to your financial projections, considering that the highest annual revenue per unit can reach over $3.2 million, while the lowest is around $260,865.
- Assess the franchisor's support system, including training programs and operational guidance, which are critical for navigating the complexities of owning a Papa John's business opportunity.
- Consider the brand's market position and competitive landscape in your desired territory to gauge local market potential and understand how to own a Papa John's successfully in that area.
Ultimately, whether franchising Papa John's is a good investment depends on individual financial capacity, risk tolerance, and market analysis. The brand's established system, consistent unit growth, and solid average revenues present a compelling Papa John's business opportunity for many aspiring franchisees. For those interested in the specifics of becoming a franchisee, resources detailing the How to Start a Papa John's Franchise in 7 Steps: Checklist are available.
What Are The Franchise Requirements?
When considering franchising a well-known pizza brand, understanding the specific requirements is a critical first step. For those looking into the Papa John's franchise opportunity, these criteria are designed to ensure potential franchisees have the necessary foundation for success.
What Are the Financial Requirements?
To meet the Papa John's franchise requirements as of 2025, prospective franchisees must have a minimum net worth of $250,000. This financial stability ensures the candidate can withstand the initial startup phase and potential market fluctuations. In addition to the net worth requirement, candidates must demonstrate they have at least $75,000 in liquid, cash-equivalent assets. This liquidity is crucial for covering the initial franchise fee, down payments on loans, and initial operating expenses without jeopardizing the business's early-stage cash flow. These financial thresholds are the minimum for a single-unit agreement. For those interested in multi-unit development opportunities, the net worth and liquidity requirements increase proportionally with the number of planned locations, often requiring a net worth of over $1 million for a multi-unit deal.
What Are the Experience Requirements?
One of the primary requirements to open a Papa John's franchise is having prior management experience, preferably in the restaurant or retail industry. The franchisor seeks individuals with a proven track record of leading teams, managing operations, and handling profit and loss (P&L) responsibilities. While direct pizza experience is not mandatory, having a background in Quick Service Restaurant (QSR) or multi-unit business management is highly valued. This experience demonstrates an understanding of the pace, customer service demands, and operational logistics inherent in the fast-food sector. For candidates who meet the financial criteria but may lack extensive hands-on experience, Papa John's emphasizes its comprehensive franchise training program. However, a strong business acumen and a commitment to being an owner-operator, or hiring an experienced general manager, remain critical for application approval.
Key Considerations for Franchise Applicants
- Financial Prudence: Ensure your personal finances are robust enough to meet the minimum net worth and liquidity requirements. This is a foundational element for any successful franchise application.
- Management Acumen: Highlight any experience in leadership, operational management, and financial oversight. Even if not directly in the QSR space, transferable skills are valuable.
- Owner-Operator Focus: While hiring a strong manager is an option, demonstrating a commitment to being actively involved in the business operations can strengthen your application.
Understanding these requirements is a vital part of assessing the Papa John's business opportunity. If you're ready to explore the next steps in becoming a franchisee, you can learn more about the process by reviewing the How to Start a Papa John's Franchise in 7 Steps: Checklist.
Operating Procedure To Apply For a Papa John's Franchise Unit
How to Complete the Application?
Embarking on the journey to own a Papa John's franchise begins with a structured application process. The first critical step in franchising Papa John's is to complete and submit the official inquiry form available on their franchising website. This initial Papa John's franchise application is designed to gather essential details about your financial standing and overall business background, which helps in the initial qualification process.
As of 2025, following this initial inquiry, you'll be guided to provide a more comprehensive application. This involves submitting verifiable financial documents, a detailed resume highlighting your management experience, and a preliminary outline of your preferred geographical territory for development. Understanding the Papa John's franchise requirements early on is key.
Once your complete application is submitted, you can expect a franchise development manager to reach out within 5 to 10 business days. This initial contact is for a preliminary discussion to review your application and address any initial questions you may have about the Papa John's business opportunity.
What Is the Approval Process?
The approval process is a multi-stage journey designed to ensure a strong mutual fit. It includes in-depth interviews, a thorough background check, and rigorous verification of your financial statements. This meticulous approach ensures alignment with the brand's values and operational standards, a crucial aspect of the Papa John's franchise model explained.
A pivotal moment in the 2025 approval process is attending a 'Discovery Day' at their corporate headquarters in Atlanta, Georgia. This event offers a unique opportunity to meet the executive and support teams, tour facilities, and gain a deeper, firsthand understanding of the Papa John's franchise business opportunity before making a final commitment.
The entire process, from submitting the initial Papa John's franchise application to signing the Papa John's franchise agreement, typically spans between 60 and 120 days. This timeline can vary depending on the applicant's preparedness and the efficiency of the due diligence.
| Initial Investment Range: | $272,915 - $989,415 |
| Required Cash: | $100,000 - $250,000 |
| Net Worth Requirement: | $250,000 - $750,000 |
Tips for a Smooth Application Process
- Be Thorough: Ensure all financial documents are up-to-date and accurately reflect your financial standing.
- Highlight Experience: Clearly articulate your management and operational experience in your resume.
- Research Territories: Have a clear idea of your desired market, but be open to the franchisor's suggestions based on their market analysis.
- Prepare Questions: Have a list of thoughtful questions ready for your initial call and Discovery Day.
For those interested in the financial commitments, you can find more detailed information on How Much Does a Papa John's Franchise Cost?. Understanding the Papa John's franchise cost is vital for assessing the overall Papa John's franchise investment.
| Franchise Fee (Initial): | $5,000 |
| Royalty Fee: | 5% |
| Marketing Fee: | 25% |
Operating Procedure To Finance A Papa John's Franchise Unit
What Are the Financing Options?
When considering how to finance a Papa John's franchise unit, it's important to understand the available avenues. Papa John's International itself does not provide direct financing to its franchisees. However, they act as a facilitator, connecting potential owners with a network of third-party lenders who are well-versed in the Papa John's investment model. This network often streamlines the approval process for qualified candidates.
As of 2025, a significant portion of new franchisees are leveraging Small Business Administration (SBA) loans. These government-backed loans are highly favored due to their potential to cover up to 80% of the total project costs. Furthermore, SBA loans typically offer more favorable terms and require lower down payments compared to traditional bank loans, making them an attractive option for many aspiring entrepreneurs looking into franchising Papa John's.
For veterans, there are specific Papa John's franchise owner benefits designed to ease the initial financial burden. As of 2025, this incentive program includes waiving the $25,000 franchise fee. Additionally, it offers a 50% reduction in royalty payments for the first 36 months of operation. These benefits can significantly improve the financial feasibility of securing funding for a new Papa John's business opportunity.
How to Secure Funding?
Securing funding for your Papa John's franchise requires a strategic approach, beginning with a robust business plan. This plan should thoroughly detail your understanding of the local market, outline a comprehensive marketing strategy, and include realistic 3-to-5-year financial projections. This document is crucial for demonstrating the viability of your proposed Papa John's franchise locations to potential lenders and is a key component of the Papa John's franchise application process.
Lenders will expect you to make a personal investment, commonly referred to as an equity injection. This typically ranges from 20% to 30% of the total Papa John's franchise cost. For instance, if the total Papa John's franchise investment is around $400,000, you would need to provide between $80,000 and $120,000 as a down payment. This personal stake demonstrates your commitment and financial stability, thereby reducing the lender's risk.
It is highly recommended to engage with lenders from Papa John's preferred network early in your planning. These financial institutions possess a deep understanding of the brand's average annual revenue (AUV), typical operational costs, and historical success rates. This familiarity can significantly expedite the loan approval process, making it smoother than working with lenders who may not be as familiar with the Papa John's franchise model. Understanding the Papa John's franchise agreement details is also critical before finalizing any financial commitments.
| Financing Aspect | Details |
|---|---|
| Direct Financing from Franchisor | Not offered by Papa John's International. |
| Preferred Lenders | Network of third-party lenders familiar with the Papa John's franchise investment model. |
| Popular Loan Type | Small Business Administration (SBA) loans (up to 80% of project cost). |
| Veteran Incentive | Waived $25,000 franchise fee and 50% royalty reduction for 36 months (as of 2025). |
| Required Personal Investment | Typically 20% to 30% of total franchise cost. |
Tips for Securing Papa John's Franchise Funding
- Develop a Detailed Business Plan: Include market analysis, marketing strategy, and financial projections.
- Understand Your Equity Contribution: Be prepared to invest 20-30% of the total franchise cost.
- Leverage Preferred Lenders: They understand the Papa John's franchise requirements and financial performance.
- Explore SBA Loans: These offer favorable terms and can cover a significant portion of the initial investment.
- Investigate Veteran Incentives: If applicable, these benefits can substantially reduce upfront costs.
For a deeper dive into the financial commitment and operational aspects, consider reviewing What are the Pros and Cons of Owning a Papa John's Franchise? This can provide valuable context as you navigate the Papa John's franchise opportunities and the steps to becoming a Papa John's franchisee.
Operating Procedure To Finalize A Papa John's Franchise Unit
What Does the Agreement Entail?
The Papa John's franchise agreement is a legally binding contract that forms the foundation of your business relationship. This initial term spans ten years. Should you operate your unit in good standing, you have the option to renew for an additional ten-year period, which as of 2025, involves a renewal fee of approximately $5,000. This agreement is comprehensive, detailing crucial aspects of your business operations. It grants you a protected territory, typically covering a 15-mile radius or a population of 30,000 people, ensuring no other Papa John's unit can open within this zone. Furthermore, the agreement meticulously outlines all operational standards, your marketing obligations, which are set at 8% of gross sales, and ongoing royalty payments of 5% of gross sales. It also specifies the support services provided by the Papa John's franchise support system, all designed to maintain brand consistency across every location.
Understanding the core components of the Papa John's franchise agreement is vital for aspiring franchisees. Key terms often include:
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Initial Term and Renewal: A 10-year initial term with an option for a further 10 years, subject to a renewal fee.
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Territorial Protection: A defined protected territory, typically a 15-mile radius or 30,000 population.
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Operational Standards: Strict adherence to brand-wide operational guidelines.
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Financial Obligations: Including a 5% royalty fee and a 8% marketing fee on gross sales.
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Franchisor Support: Details on the support services provided by the franchisor.
What Training Is Provided?
The Papa John's franchise training program is a mandatory component for all new owners and their designated managers. For 2025, this comprehensive program extends over 6 to 8 weeks of intensive, hands-on instruction. The training is delivered through a blended learning model. This includes classroom sessions held at the corporate headquarters in Atlanta, Georgia, complemented by extensive practical experience within a certified training restaurant. Topics covered are exhaustive, ranging from the precise methods of dough preparation and maintaining product quality standards to operating the point-of-sale system, effective staff management, and implementing local store marketing strategies.
While the initial franchise fee covers the cost of training for up to two individuals, franchisees are responsible for their own travel, lodging, and meal expenses during this period. These associated costs can range from an estimated $4,000 to $8,000. This investment in training is crucial for ensuring you are fully equipped to manage all facets of your Papa John's unit effectively.
The training program focuses on key operational areas:
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Product Preparation: Mastering dough making and ingredient quality.
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Operational Systems: Efficient use of POS systems and inventory management.
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Customer Service: Delivering excellent service to enhance customer satisfaction.
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Management: Staff training, scheduling, and performance management.
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Marketing: Implementing local marketing initiatives to drive sales.
Key Considerations Before Signing the Papa John's Franchise Agreement
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Thoroughly review the Franchise Disclosure Document (FDD): Pay close attention to Item 19, which provides financial performance representations. For instance, the average annual revenue per unit was $1,191,613 in 2023, with a median of $1,179,700.
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Understand all fees: Beyond the initial franchise fee of $5,000, be aware of the ongoing royalty of 5% and marketing fees. As per the FDD, marketing fees are 25%.
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Assess your financial capacity: The total initial investment can range from $272,915 to $989,415, with required cash of $100,000 - $250,000 and a net worth of $250,000 - $750,000.
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Plan for breakeven and payback: Papa John's units typically achieve breakeven and investment payback within 12 months.
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Consult legal counsel: Have an attorney specializing in franchise law review the agreement before signing.
| Initial Investment Range: $272,915 - $989,415 | Initial Franchise Fee: $5,000 |
| Royalty Fee: 5% of gross sales | Marketing Fee: 25% of gross sales |
| Average Annual Revenue: $1,191,613 | EBITDA Margin: 11.2% |
Navigating the steps to becoming a Papa John's franchisee involves careful consideration of the operating procedures and agreement details. For a comprehensive guide on how to start, explore How to Start a Papa John's Franchise in 7 Steps: Checklist.
Operating Procedure To Launch A Papa John's Franchise Unit
How to Select a Location?
When you're considering franchising Papa John's, a critical early step is location selection. This isn't a process you navigate alone. You'll work closely with the Papa John's real estate team. They bring valuable expertise, providing detailed demographic analysis, traffic pattern data, and competitor mapping for your chosen territory. This data is essential for pinpointing the best spots.
As of 2025, the ideal site for a traditional Papa John's franchise location is typically an end-cap or freestanding unit, ranging from approximately 1,200 to 1,400 square feet. Key characteristics to look for include excellent visibility from the street, easy access for your delivery drivers, and sufficient parking for customers picking up their orders. These factors directly impact operational efficiency and customer convenience, which are vital for a Papa John's business opportunity.
Once you've identified a potential location, it's crucial to submit it to the corporate real estate committee for their formal approval. This ensures the site meets all the brand's criteria for success before you commit to any lease or purchase agreements. This step is a cornerstone of how to own a Papa John's.
What Is the Grand Opening Support?
To kickstart your Papa John's franchise, the brand offers substantial grand opening support. You'll be assigned a dedicated franchise business consultant about 30-45 days before your doors officially open. This consultant will be instrumental in coordinating all pre-opening activities, ensuring a smooth launch.
This comprehensive support includes a detailed marketing plan tailored to your specific market. A budget of approximately $5,000 to $10,000, which is part of your initial investment, is allocated for these grand opening promotions. As of 2025, these efforts commonly involve direct mail campaigns, targeted digital advertising for the local area, and special introductory offers designed to drive initial customer traffic and build awareness for your new Papa John's franchise locations.
During your crucial opening week, you can expect an on-site team of corporate trainers to be present at your unit. They provide hands-on assistance to you and your newly hired crew. Their focus is on ensuring operational procedures are followed correctly and helping to manage the initial surge of customers. This direct support is key to establishing a strong foundation for your Papa John's franchise owner benefits.
Key Considerations for Launching Your Franchise
- Location is Paramount: Prioritize visibility, accessibility, and sufficient space for smooth operations.
- Leverage Corporate Support: Utilize the expertise of the real estate and training teams for a strategic launch.
- Budget for Grand Opening: Allocate funds for marketing to ensure initial customer awareness and traffic.
| Initial Investment Range | $272,915 - $989,415 |
| Franchise Fee | $5,000 |
| Royalty Fee | 5% |
| Marketing Fee | 25% |
| Average Annual Revenue per Unit | $1,191,613 |
| Median Annual Revenue per Unit | $1,179,700 |
| EBITDA Percentage | 11.2% |
Understanding the operational procedures to launch a Papa John's franchise unit is a vital part of assessing the Papa John's business opportunity. The franchise model explained by Papa John's emphasizes structured support throughout the opening process. To delve deeper into the initial steps, explore How to Start a Papa John's Franchise in 7 Steps: Checklist.
Operating Procedure To Manage A Papa John's Franchise Unit
When you're looking at franchising a Papa John's, understanding the operational procedures and the support system is key to success. It’s not just about opening the doors; it's about running a smooth, profitable business.
What Ongoing Support Is Offered?
One of the significant benefits of becoming a Papa John's franchisee is the comprehensive ongoing support provided. Every owner is paired with a Franchise Business Consultant (FBC). This FBC acts as your main point of contact, offering guidance on everything from daily operations and financial management to marketing strategies.
The brand also provides continuous access to its proprietary technology. This includes their online ordering platform and point-of-sale (POS) system. These systems received substantial upgrades in late 2024, designed to enhance user experience and improve data analytics capabilities, which are crucial for making informed business decisions.
Franchisees also gain from national marketing campaigns. These are funded by an 8% marketing fee. Beyond that, you'll receive regular updates on new product innovations, operational best practices, and access to a national supply chain. This collective buying power helps control the cost of goods, which in 2024 represented approximately 33% of revenue.
How Are Royalties Managed?
The royalty structure for a Papa John's franchise is quite clear. Franchisees are required to pay 5% of their restaurant's gross sales to the franchisor every month. This fee is for the continued use of the Papa John's brand, its trademarks, and its established operating system.
As of 2025, these royalty payments are handled through an automated electronic debit from the franchisee's business bank account. The corporate POS system manages this process, tracking all sales data in real-time to ensure accuracy and simplify payments.
It's vital for franchisees to maintain strong cash flow to meet this ongoing obligation. Failing to pay royalties is considered a material breach of the franchise agreement and can lead to default notices and, ultimately, the termination of your franchise rights. For those exploring their options, understanding these financial commitments is part of evaluating the overall Papa John's franchise cost.
Tips for Operational Success
- Stay Updated on Technology: Regularly utilize the upgraded POS and online ordering systems to maximize efficiency and leverage data insights.
- Leverage Marketing Funds: Actively participate in and promote national marketing campaigns to drive local sales.
- Monitor Supply Chain Costs: Keep a close eye on the cost of goods, aiming to stay within or below the 33% benchmark.
- Maintain Accurate Financials: Ensure your sales data is meticulously recorded to facilitate accurate royalty payments and financial reporting.
For those considering how to own a Papa John's, understanding these operational procedures and financial requirements is fundamental. The Papa John's franchise model relies on consistent execution and adherence to brand standards. It's also worth exploring What Are Some Alternatives to the Papa John's Franchise? to ensure you're making the best choice for your investment goals.
| Franchise Fee (Initial) | $5,000 |
| Royalty Fee | 5% of Gross Sales |
| Marketing Fee | 8% of Gross Sales |
| Average Annual Revenue per Unit | $1,191,613 |
| EBITDA as % of Revenue | 11.2% |