Papa Johns 2008 Annual Report Download - page 27

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20
International Franchised Papa John’s Restaurants
Number of
Restaurants
Alaska (a).................................................................................................... 3
Aruba .......................................................................................................... 2
Bahrain…………………………………………………………………… 13
Canada ........................................................................................................ 25
Cayman Islands…………………………………………………………… 1
China……………………………………………………………………… 115
Costa Rica................................................................................................... 12
Cyprus......................................................................................................... 4
Ecuador…………………………………………………………………... 6
Egypt…………………………………………………………………....... 9
El Salvador……………………………………………………………….. 4
Hawaii (a) ................................................................................................... 15
India ............................................................................................................ 16
Ireland…………………………………………………………………… . 15
Jordan…………………………………………………………………….. 2
Korea……………………………………………………………………... 69
Kuwait……………………………………………………………………. 15
Malaysia………………………………………………………………….. 1
Mexico…………………………………………………………………… 29
Nicaragua…................................................................................................ 2
Oman……………………………………………………………………... 9
Pakistan…………………………………………………………………... 1
Peru………………………………………………………………………. 11
Puerto Rico ................................................................................................. 12
Qatar............................................................................................................ 5
Russia…………………………………………………………………….. 15
Saudi Arabia ............................................................................................... 25
Trinidad…………………………………………………………………... 4
Turkey……………………………………………………………………. 2
United Arab Emirates…………………………………………………… . 7
United Kingdom.......................................................................................... 95
Venezuela.................................................................................................... 21
Total International Franchised Papa John’s Restaurants................... 565
(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.