Papa Murphy’s Holdings, Inc. recently announced the signing of
expanded store development agreements to develop 12 new locations
in Raleigh, North Carolina, and Birmingham and Huntsville, Alabama,
over the next four years. The brand currently has 42 locations in
North Carolina and Alabama, and the new deal with Waterman
Acquisition Company, LLC will bring that total up to 54.
A recent study from research firm AggData found that
Papa Murphy’s is currently the fastest-growing
brand in Alabama, with a 43 percent growth rate in the state. Area
developer and Waterman owner Boyd Simpson, who has been a Papa
Murphy’s franchisee since 2011, said that the group experienced
significant growth with its existing Papa Murphy’s stores in the
two markets and knew it was time to expand their portfolio with
more locations. This new deal means the existing store count will
go from 12 to 24 in the Huntsville and Birmingham areas and from 10
to 12 in Waterman's Raleigh area.
Papa Murphy’s Senior Vice President of Technology and Chief
Development Officer Jayson Tipp noted that the franchise business's
southern US growth is part of the company's commitment to expanding
nationwide and bringing its fresh pizza model to markets that are
currently underserved. According to Tipp, consumers are drawn to
the brand because of its high-quality products and top-notch
customer service. Papa Murphy’s also recently launched an online
ordering system that allows customers to make their own pizzas and
pick them up in the stores when they want.
About Papa Murphy’s Franchising
Opportunities
Papa Murphy's Holdings, Inc. is the operator and franchiser of
the biggest take-and-bake pizza chain in the United States,
offering customers handcrafted, fresh pizzas that are ready to be
baked at home. Founded in 1981, the brand currently has more than
1,500 corporate and franchise locations across 38 states and
overseas.
This leading pizza chain has franchising
opportunities available in many markets,
including North Carolina, Virginia and Kentucky. Qualified
candidates will have a net worth of at least $275,000, with $80,000
or more available in liquid asset form. The franchise fee for the
first store is $25,000, and the total investment ranges from
$264,755 to $446,171.
To learn more about pizza franchise opportunities visit FranchiseExpo.com
