Full Answer
See more
How Much Does a Papa Murphy’s Franchise Cost?
The total cost to invest in a Papa Murphy’s franchise is $296,075 to $534,731.
How long has Papa Murphy's been around?
For nearly 40 years, Papa Murphy’s has served up millions of delicious pizzas at a family-friendly price point. This is why our customers consistently rate us No. 1 in consumer surveys.
How many Papa Murphy's locations are there?
By focusing both on our guest experience and quality of our product, Papa Murphy’s has become the expert in the rising take-and-bake pizza segment, growing to more than 1,300 locations in the United States, Canada and UAE. As the 5th largest pizza franchise in the nation, Papa Murphy’s is a compelling business opportunity for entrepreneurs who are passionate about their community, bringing families together and most of all — pizza.
Does Papa Murphy's own take and bake pizza?
This is why Papa Murphy’s owns the take-and-bake pizza segment.
How much does Papa Murphy's make?
Individual store earnings vary greatly depending on location and owner/manager. According to Papa Murphy's, its more than 1,425 franchises average $586,229 in annual net sales, with the top third averaging $870,188.
What are the expenses of Papa Murphy's?
There are two kinds of expenses for Papa Murphy's franchisees, the first of which is normal overhead and operating costs, including mortgage or rent, utilities, maintenance and upkeep on equipment, food inventory, packaging and labor, as well as taxes, insurance and debt service.
How much does a franchise owner make?
Based on average sales, a franchise owner who works and manages the store may realize up to $150,000 a year. Actual earnings may be less or more depending on the number of employees, how many hours the owner works, initial loan repayment amount and store sales.
When did Papa Murphy's open?
How to Open a Doughnut Shop. Learn More →. Papa Murphy’s is a take-and-bake pizza franchise that opened in 1981 in Vancouver, Washington. Customers pick out the type of pizza they want, watch the person make it in front of them, then take it home in a disposable tray to bake in their own oven.
Is Papa Murphy's successful?
Papa Murphy's franchises are most successful in the Northeast and Northwest, where the concept of take-and-bake pizza has taken hold and the chain has won several "Best Pizza" awards. In other sections of the country, though, franchise performance lags behind.
How Much is a Papa Murphy’s Franchise?
The initial Papa Murphy’s Franchise Fee is $25,000. You have to pay this upfront fee when opening a Papa Murphy franchise.
What are the other pizza chains that Papa Murphy's competes with?
Papa Murphy’s competes with regional and local pizza restaurants as well as national chains such as Domino’s Pizza, Pizza Hut, Papa John’s, and Little Caesars Pizza.
How much is Myt Franchising 2020?
In 2020, MYT Franchising had a net income of ($37.2 million) but their cash, cash equivalents and restricted cash was $16.4 million at the end of 2020 which is nearly a 50% decrease from the cash they started with at the beginning of the year. Net cash provided by operating activities increased to 39.1 million in 2020 compared to $29.5 million in 2019. However, in 2020 MYT Franchising used $54.6 million in financing activities. While in 2019 the company had $170 million provided by financing activities. That´s when they merged with Papa Murphy’s franchise.
What is Papa Murphy's pizza?
Papa Murphy is a retail food outlet currently featuring take and bake pizza, salads, desserts and other related products. Papa Murphy’s experience is different from traditional pizza restaurants. Customers create a personalized pizza, take the pizza home and bake their pizza at home. It´s core values are “Great Quality, Great Value, and Great Guest Service”.
What factors affect the sales, costs and expenses of your franchised store?
Such as the Franchised Store’s size, geographic location, menu mix, and competition in the marketplace. The presence of other Papa Murphy’s Take ‘N’ Bake Pizza stores; the extent of market penetration and brand awareness that Papa Murphy’s Take ‘N’ Bake Pizza stores have attained in your market. Also the quality of management and service at your Franchised Store
How long does it take to recoup a midpoint investment?
1- Based on a midpoint investment of $415,403 with estimated profits of $50,440 at a 10% profit margin it would take about 9 years to recoup your investment.
How much is local marketing and promotion?
Local Marketing and Promotion and Regional Cooperative Advertising: Minimum of the greater of 5% of your Net Sales or $2,000 each month
How many locations does Papa Murphy have?
As the largest Take 'n’ Bake pizza chain in the United States with more than 1550 locations, Papa Murphy's handcrafted pizzas are made fresh in store each day, then baked at home by customers.
How many franchises does Historical Performance have?
Historical Performance – The company was founded in 1981 and currently operates more than 1,550 franchised and corporate-owned stores in 39 states, Canada and United Arab Emirates. There are over 500 franchise owners from various backgrounds and careers – all who fell in love with our product and saw the opportunity to own a business that their community would love as well.
What is consumer appeal pizza?
Consumer Appeal – We offer our guests the unique experience of watching their pizza being made fresh before their eyes and then taking it home to bake it to perfection - complete with a distinctive and mouthwatering aroma that brings families and friends together.
How Much Money will a Papa Murphy’s Franchisee Make?
Well, according to the FDD, the average Papa Murphy’s brought in $574,000 in sales in 2017. On those sales, you could expect to make a 12% EBITDA profit margin or $75,000 profit per location.
How much does it cost to build a Papa Murphy's franchise?
The estimated cost to build a new Papa Murphy’s franchised location ranges from $279k to $518k. Here is how it breaks down below:
How long is a franchise agreement?
If you wish to do so, and you satisfy the required pre-conditions#N#to renewal, you will be offered the right to obtain an additional five-year term.
Is Papa Murphy's a good investment?
That’s up to you and your financial adviser whether or not that is a good investment. You can also click below to check out franchise costs from other pizza franchises.
Section I – Papa Murphy’s Franchise Costs
- Papa Murphy’s franchise costs, based on Item 7 of the company’s 2022 FDD:
- Franchise Fee: $25,000
- Lease and Utilities Deposits and Payments: $2,500 to $6,000
- Leasehold Improvements: $91,015 to $201,969
Section II – Papa Murphy’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Papa Murphy’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD:
Section III – Number of Franchised and Company-Owned Papa Murphy’s Outlets
- Franchised
2019 1. Outlets at the Start of the Year: 1,291 2. Outlets at the End of the Year: 1,256 3. Net Change: -35 2020 1. Outlets at the Start of the Year: 1,256 2. Outlets at the End of the Year: 1,231 3. Net Change: -25 2021 1. Outlets at the Start of the Year: 1,231 2. Outlets at the End of the Year… - Company-Owned
2019 1. Outlets at the Start of the Year: 106 2. Outlets at the End of the Year: 74 3. Net Change: -32 2020 1. Outlets at the Start of the Year: 74 2. Outlets at the End of the Year: 58 3. Net Change: -16 2021 1. Outlets at the Start of the Year: 58 2. Outlets at the End of the Year: 27 3. Net Change…
Section IV – Background Information on The Papa Murphy’s Franchise
- 17 Things You Need to Know About the Papa Murphy’s Franchise
Named #1 in Customer Service for 2022 by Newsweek 1. At the end of September 2021, Papa Murphy’s announced that for the second year in a row, the brand was named No. 1 on Newsweek’s America’s Best Customer Service list in the Pizza Chains category. Newsweek ident…
Section V – Financial Performance Representations
- Part 1 – System Store Performance
1. As of September 27, 2021, there were 1,254 domestic Papa Murphy’s Take ‘N’ Bake Pizza stores open. As of September 28, 2020, there were 1,296 domestic Papa Murphy’s Take ‘N’ Bake Pizza stores open. As of September 30, 2019, there were 1,343 domestic Papa Murphy’s Take ‘N’ Bake … - 2021
System Stores (Franchised and Company-Owned Outlets) 1. Number of Stores: 1,187 2. Highest Net Sales: $2,502,426 3. Lowest Net Sales: $143,370 4. Average Net Sales: $649,316 5. Number of Stores Exceeding Average Net Sales: 485 6. Percentage of Stores Exceeding Average Net Sales: …