Louisville, Ky., and Dallas — Papa John’s International, Inc. has signed its largest domestic franchisee development agreement in the company’s history with top U.S. franchisee operator Sun Holdings, Inc. Under the terms of the deal, Sun Holdings will oversee the opening of 100 new stores in high-growth markets across Texas by 2029. Founded by Guillermo Perales, Dallas-based Sun Holdings supports more than 1,000 locations across 12 states. “Papa John’s development flywheel has started to take off,” says Amanda Clark, Papa John’s chief development officer. “With industry-leading paybacks and our key …
Guillermo Perales
Glendale, Calif. — IHOP® has expanded its franchisee portfolio with the addition of Suncakes, LLC, led by Guillermo Perales, through the acquisition of 41 IHOP restaurants. The restaurants, located in Tennessee, North Carolina, Virginia and South Carolina, were previously owned and operated by CFRA Holdings and its affiliates and transferred to Suncakes, LLC in July 2020. Financial details of the deal will not be disclosed. The 41 locations represent the first IHOP restaurants managed by Sun Holdings, Inc. Sun has one of the largest restaurant franchisee portfolios in the U.S. …