Franchise opportunities compared

    Little Caesars vs Papa John’s Pizza

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Initial investment · Item 7

    Little Caesars

    $376,500 – $1,769,200

    2026 FDD · Item 7 · PDF p. 29

    Papa John’s Pizza

    $125,000 – $890,267

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Little Caesars

    $20,000

    2026 FDD · Item 5 · PDF p. 15

    Papa John’s Pizza

    $5,000

    2026 FDD · Item 5 · PDF p. 14

    Royalty · Item 6

    Little Caesars

    6%

    2026 FDD · Item 6 · PDF p. 18

    Papa John’s Pizza

    5%

    2026 FDD · Item 6 · PDF p. 16

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Papa John’s Pizza discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Papa John’s Pizza has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Little Caesars

    $376,500 – $1,769,200
    Restaurant — Total initial investment: $376,500 to $1,769,200
    2026 FDD · Item 7 · PDF p. 29

    Papa John’s Pizza

    $125,000 – $890,267
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Little Caesars

    $20,000
    2026 FDD · Item 5 · PDF p. 15

    Papa John’s Pizza

    $5,000
    2026 FDD · Item 5 · PDF p. 14
    Royalty (Item 6)

    Little Caesars

    6%
    Weekly royalty greater of 6% of Gross Sales or $300
    2026 FDD · Item 6 · PDF p. 18

    Papa John’s Pizza

    5%
    Traditional royalty rate
    2026 FDD · Item 6 · PDF p. 16
    Brand / advertising fund (Item 6)

    Little Caesars

    7%
    Advertising fee up to 7% of Gross Sales — 7%
    2026 FDD · Item 6 · PDF p. 18

    Papa John’s Pizza

    25%
    Nontraditional/Small-Town marketing fund portion of standard rate — 25%
    2026 FDD · Item 6 · PDF p. 17

    System scale & health

    Total outlets (Item 20)

    Little Caesars

    4,374
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 74

    Papa John’s Pizza

    3,291
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 81
    Net outlet change (Item 20)

    Little Caesars

    +3,799
    Calculated: 575 at end of 2023 → 4,374 at end of 2025

    Papa John’s Pizza

    +111
    Calculated: 3,180 at end of 2022 → 3,291 at end of 2024
    Outlet exits (Item 20)

    Little Caesars

    Not available
    No complete exit records for a year

    Papa John’s Pizza

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Little Caesars

    1962
    From a verified franchisor listing

    Papa John’s Pizza

    1986
    From a verified franchisor listing
    Franchisor founded (Item 1)

    Little Caesars

    Not available
    Not in reviewed records

    Papa John’s Pizza

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Little Caesars

    Not disclosed — no Item 19 financial performance representation

    Papa John’s Pizza
    Locations counted not stated in the reviewed record — Standard company-owned restaurants, 2024
    25,338 $
    other Weekly per-store Corporate average
    2026 FDD · Item 19 · PDF p. 74
    Locations counted not stated in the reviewed record — Standard franchised restaurants, 2023
    21,411 $
    other Weekly per-store Franchised median
    2026 FDD · Item 19 · PDF p. 74
    Locations counted not stated in the reviewed record — Standard franchised restaurants
    19,598 $
    other Weekly per-store Franchised median
    2026 FDD · Item 19 · PDF p. 74
    +12 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Little Caesars vs Papa John’s Pizza: common questions

    Which costs less to open, Little Caesars or Papa John’s Pizza?
    Little Caesars: $376,500 – $1,769,200 (2026 FDD · Item 7 · PDF p. 29); Papa John’s Pizza: $125,000 – $890,267 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Papa John’s Pizza. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Little Caesars and Papa John’s Pizza royalties compare?
    Little Caesars: 6% (2026 FDD · Item 6 · PDF p. 18); Papa John’s Pizza: 5% (2026 FDD · Item 6 · PDF p. 16). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Little Caesars or Papa John’s Pizza?
    Little Caesars: 4,374 (2026 FDD · Item 20 · PDF p. 74); Papa John’s Pizza: 3,291 (2025 FDD · Item 20 · PDF p. 81). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Little Caesars and Papa John’s Pizza disclose financial performance (Item 19)?
    Little Caesars makes no Item 19 financial performance representation; Papa John’s Pizza has reviewed Item 19 figures for 15 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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