PAPA (IMO) could become a leader in the restaurant industry!
It takes three words for me to sum up why I think PAPA will be a great success.
1. Pizza
2. Walmart
3. China
A large majority of the world has had pizza at least one time in their life.
PAPA knows that most Americans live on pizza. It has been said that Americans eat about 350 slices of pizza per second!
And what better place to serve pizza than in America's largest retail chain - Walmart!
PAPA as a master lease agreement with Walmart which gives them great advantage considering that in one week Walmart has been known to have over 100 million customers!
There is no doubt that Americans love Walmart.
With so many Walmart stores in every state offering low prices, most Americans find it very convenient to shop there.
PAPA opened their first store inside the WAL*MART Super Center in Hannibal, Missouri.
PAPA has become one of the fastest growing pizza chains in the country and I am not at all surprised.
When you're out shopping, especially with kids, stopping to get a bite while you shop is very common.
Let's not forget the third word in why I think PAPA will be a great success. Not so much a word, but rather a country!
China!
PAPA also owns, operates, and franchises Italian style eateries in China, the world's most populated country!
PAPA announced in February the Grand Opening of the company's first international franchised unit in Shanghai, China.
The new restaurant offers a wide variety of menu items, including pizza, pastas, sandwiches, baked rice dishes, steak, seafood, appetizers, specialty drinks and liquor accommodations for a full service bar.
This flagship location represents the first of a minimum of 60 restaurants to be constructed under the terms of the development agreement!
PAPA CEO Chase Canfield, stated, "With the opening of our first international location, we are pleased with the results and acceptance of our brand in China. We are anxious to commence growth plans in this and many other regions throughout the world. We will continue to aggressively pursue our expansion agendas both here in the U.S. and abroad."
There is no telling how successful PAPA could become in China considering there is a market of over 1 billion people!
PAPA doesn't want their international endeavors stopping with just China.
PAPA is also in the works to establish their franchise in the Middle East.
PAPA made a franchising debut at the largest food, drink and foodservice trade show in the Middle East and one of the most attended trade shows in the world: Gulfood 2009.
PAPA CEO Chase Canfield, said, "The structure of the Papa Bello concept was designed to meet all markets, regions and cultures. While we preserve the traditional-style cuisine we've become known for, we're also adapting the brand to seamlessly become a part of the Middle East and other areas of the world. We look forward to our future opportunities in this region."
PAPA is well on their way to becoming a pizza selling giant all around the world!
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