Specializing in the Resale of Franchise Businesses since 1978

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Papa John's Receivership Sale Complete

Fri, 8/10/2018

Papa Washington, LLC and PJ Sound Pizza, LLC (“PJW”) was a 20-unit Papa John’s franchisee in the Puget Sound area of WA that was placed in receivership by the Franchisor. Shelly Crocker was appointed as the Receiver and engaged National Franchise Sales to sell the restaurants through a court approved Receivership Sales. The National Franchise Sales effective marketing, deep brand knowledge, cadre of lenders, massive database of franchise restaurant buyers, lease negotiation skills and agility in working with in the receivership process allowed the competitive bid process to result in a sale price double the initial court approved Stalking Horse bid