Papa Johns 2009 Annual Report Download - page 27

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20
We have 44 Company-owned restaurants that are located in buildings we own on land either owned or
leased by us. These restaurants range from 1,000 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
space not utilized by the Papa John’s restaurant in each facility is leased or held for lease to third-party
tenants.
At December 27, 2009, we had 120 Papa John’s restaurants located in the United Kingdom (112
franchised and eight Company-owned). In addition to leasing the eight Company-owned restaurant sites,
we lease and sublease to franchisees 77 of the 112 franchised Papa John’s restaurant sites. The initial
lease terms on the Company and franchised sites are generally 10 to 15 years. The initial lease terms of
the franchisee subleases are generally five to ten years. Additionally, we leased 18 Company-owned
restaurant sites in Beijing, China as of December 27, 2009.
Information with respect to our leased domestic QC Centers as of December 27, 2009 is set forth below:
Facility Square Footage
Raleigh, NC 61,000
Denver, CO 32,000
Phoenix, AZ 57,000
Des Moines, IA 43,000
Portland, OR 37,000
Pittsburgh, PA 52,000
Cranbury, NJ 59,000
We own land in Orlando, Florida on which our 63,000 square foot full-service QC Center is located. We
also own land and a 175,000 square foot facility in Dallas, Texas, of which 77,500 square feet is used by
our full-service QC Center and the remaining space is leased to a third-party tenant. In addition, we own
land in Louisville, Kentucky, on a portion of which is located a 42,000 square foot building housing our
printing operations and a 247,000 square foot building, approximately 30% to 40% of which
accommodates the Louisville QC Center operation and promotions division. The remainder of the larger
building houses our corporate offices. A 49,000 square foot full-service QC Center is under construction
on land we own in the United Kingdom that will service both our Company-owned and franchised
restaurants.
The Papa John’s UK management team is located in a leased office near London with a remaining lease
term of seven years.
The Papa John’s China management team leases an office and a QC Center in Beijing, China. The Papa
John’s Mexico management team and QC Center lease a facility in Mexico City, Mexico and another QC
Center leases a facility in Cancun, Mexico.
Item 3. Legal Proceedings
We are subject to claims and legal actions in the ordinary course of our business. We believe that none of
the claims and actions currently pending against us would have a material adverse effect on us if decided
in a manner unfavorable to us.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.