Papa Murphy's prepares take-and-bake pizzas made with fresh ingredients for customers to cook at home. The franchise specializes in customizable pizzas assembled fresh in-store but baked by customers in their own ovens, providing the convenience of takeout with the freshness of home-baked pizza.
Key Insights
- Papa Murphy's began with a vision to offer a convenient and family-friendly meal solution through a unique take-and-bake model, evolving from its initial concept to become a recognized brand in the prepared food sector. The business focuses on providing high-quality ingredients and customizable pizzas for customers to enjoy fresh from their own ovens.
- The franchise operates on a store-based model where customers order their pizzas, which are then prepared with fresh ingredients and made-to-order before being taken home to bake. This approach eliminates the need for in-store ovens, streamlining operations and reducing overhead for franchise partners.
- Papa Murphy's is part of the broader quick-service restaurant industry, specifically within the pizza segment. This sector is characterized by demand for convenient, affordable, and customizable food options, with trends leaning towards fresh ingredients and perceived value for consumers.
Franchise Fee and Costs to Open
Exploring the financial picture of Papa Murphy's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $367,428 - $733,124, along with a franchise fee of $15,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $616,110 and estimated earnings of $73,934 - $92,417 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 7.1-9.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Papa Murphy's provides comprehensive initial training for new franchisees. This program offers a foundational understanding of operations and brand standards. The training extends for two weeks and is conducted at a designated Papa Murphy's corporate location. Papa Murphy's also offers ongoing support and resources throughout the franchise lifecycle.
Legal Considerations
Legal considerations for a Papa Murphy's franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter challenges such as intense local competition from established pizza providers and emerging food concepts. Navigating the operational complexity of managing staff, inventory, and maintaining consistent product quality is a constant consideration. Reliance on specific supply chains for ingredients presents a factor that can impact availability and cost.
Franchise Datasheet
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