APPLE SPICE® vs Papa Johns
Franchise Comparison 2026
Both APPLE SPICE® and Papa Johns are quick-service restaurants franchises. APPLE SPICE® requires an investment of $393K – $572K while Papa Johns requires $111K – $853K. In terms of revenue, Papa Johns reports higher average unit revenue at $1.2M. On SBA loan performance, Papa Johns has a lower charge-off rate (18.1%) compared to APPLE SPICE® (24.1%). FranchiseVerdict rates APPLE SPICE® C (Average) and Papa Johns B (Above Average).
| Metric | APPLE SPICE® | Papa Johns |
|---|---|---|
| Verdict Grade | CAverageAverage | BAbove AverageAbove Average |
| Investment Range | $393K – $572K | $111K – $853K |
| Franchise Fee | $49K | $25K |
| Royalty Rate | 6.0% | 5.0% |
| Average Revenue (Item 19) | $885K | $1.2M |
| SBA Charge-Off Rate | 24.1% (46 loans) | 18.1% (323 loans) |
| Total Units | 32 | 3,291 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2016 | 1991 |
| FDD Year | 2025 | 2025 |
Investment Range
$393K – $572K
$111K – $853K
Franchise Fee
$49K
$25K
Royalty Rate
6.0%
5.0%
Average Revenue (Item 19)
$885K
$1.2M
SBA Charge-Off Rate
24.1% (46 loans)
18.1% (323 loans)
Total Units
32
3,291
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2016
1991
FDD Year
2025
2025