Papa Johns 2006 Annual Report Download - page 19

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16
International Franchised Papa John’s Restaurants
Number of
Restaurants
Alaska (a).................................................................................................... 4
Aruba .......................................................................................................... 1
Bahamas………………………………………………….......................... 6
Bahrain…………………………………………………………………… 7
Canada ........................................................................................................ 16
Cayman Islands…………………………………………………………… 1
China……………………………………………………………………… 43
Costa Rica................................................................................................... 12
Cyprus......................................................................................................... 2
Ecuador…………………………………………………………………... 4
Hawaii (a) ................................................................................................... 15
India ............................................................................................................ 4
Ireland……………………………………………………………………. 6
Kuwait……………………………………………………………………. 7
Mexico………………………………………………………………….... 3
Nicaragua.………………………………………………………………... 1
Oman……………………………………………………………………… 4
Pakistan…………………………………………………………………... 2
Peru………………………………………………………………………. 7
Portugal....................................................................................................... 2
Puerto Rico ................................................................................................. 12
Qatar............................................................................................................ 1
Russia…………………………………………………………………….. 9
Saudi Arabia ............................................................................................... 19
South Korea………………………………………….. .............................. 53
Trinidad…………………………………………………………………... 3
United Arab Emirates……………………………………………………… 3
United Kingdom.......................................................................................... 82
Venezuela.................................................................................................... 18
Total International Franchised Papa John’s Restaurants................... 347
(a) We define “domestic” operations as units located in the contiguous United States and “international”
operations as units located outside the contiguous United States.
Most Papa John’s restaurants are located in leased space. The initial term of most restaurant leases is
generally five years with most leases providing for one or more options to renew for at least one
additional term. Virtually all of our leases specify a fixed annual rent. Generally, the leases are triple net
leases, which require us to pay all or a portion of the cost of insurance, taxes and utilities. Certain leases
further provide that the lease payments may be increased annually, with a small number of escalations
based on changes in the Consumer Price Index.
Approximately 45 Company-owned restaurants are located in buildings we own on land either owned or
leased by us. These restaurants range from 1,100 to 3,000 square feet. Three of these restaurants are
located in multi-bay facilities. These multi-bay facilities contain from 2,800 to 5,000 square feet, and the