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