In late September, Papa John’s announced a major development agreement with Sun Holdings Inc.
According to the terms of the deal, Sun Holdings will oversee the opening of 100 new stores in high-growth markets across Texas by 2029. Papa John’s is headquartered in Louisville and Atlanta, while Sun Holdings is based in Farmers Branch, Texas, less than 20 minutes outside of Dallas.
Founded by Latino business owner Guillermo Perales, Sun Holdings supports multiple brands and concepts with 1,000 locations across 12 states. A few of its restaurant brands include Taco Bueno, Popeyes, Arby’s, Burger King, and IHOP.
“Papa John’s development flywheel has started to take off,” said Amanda Clark, Papa John’s Chief Development Officer, in a news 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.”
Perales said his company is looking forward to working with Papa John’s corporate development team and its other franchisees to grow the system for everyone’s benefit.
“Since its founding, Sun Holdings has taken a long-term, disciplined approach when making growth investments. Papa John’s fits our criteria perfectly,” Perales said. “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.”
For more information, visit sunholdings.net/papajohns.
