Papa Murphy's logo

Papa Murphy's Franchise

Audited Financials
Food and BeverageEst. 1982Vancouver, WA
www.papamurphys.com

Risk Score

Pending analysis

Investment Range

$367,428 - $733,124

Franchise Fee

$15,000

Min Cash Required

$10,000

Total US Locations

1,044

Business Summary

Papa Murphy's International LLC operates retail food outlets specializing in "take and bake" pizza, salads, desserts, and other related products. The business model allows customers to customize their fresh pizza with high-quality ingredients, take it home, and bake it in their own ovens for a convenient, home-cooked meal. Papa Murphy's stores focus on freshness, quality, and convenience, featuring daily-made fresh dough, 100% whole-milk mozzarella grated daily, and hand-sliced fresh vegetables. Unlike traditional pizzerias, Papa Murphy's locations do not have pizza ovens, venting hoods, or dining areas, and do not require delivery drivers or wait staff, aiming to solve the "dinnertime dilemma" for its guests.

Corporate History

Papa Murphy's International LLC was incorporated in June 2004 and converted to a Delaware limited liability company in May 2010. However, the company's take-and-bake pizza franchise system has a longer history through its predecessors: Papa Aldo's International, Inc., which began offering franchises in 1982, and Comurphyco Franchise Corporation, which offered franchises starting in 1986. These entities eventually merged into Papa Murphy's International, Inc., and the current company has been franchising under the Papa Murphy's brand name since 1995. Papa Murphy's is a wholly-owned subsidiary of MTY Food Group Inc., a publicly-traded Canadian corporation that operates and franchises a diverse portfolio of over 50 restaurant concepts.

Financial Overview

Investment Range

$367,428 - $733,124

Franchise Fee (Low)

$15,000

Franchise Fee (High)

$25,000

Minimum Cash Required

$10,000

Royalty %

5%

Marketing %

2%

Equipment Costs (Low)

$298,114

Equipment Costs (High)

$580,000

Working Capital

$30,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The financial statements for Papa Murphy's International LLC are consolidated with its parent company, MTY Franchising USA, Inc., which serves as the guarantor. MTY Franchising USA, Inc. has received an Unqualified opinion from its auditors, indicating that its financial statements present fairly its financial position and cash flows. However, a special risk note highlights that the guarantor's liabilities can exceed its tangible assets, which may entail additional risk of financial loss for Papa Murphy's.

Financing Details

Papa Murphy's International LLC does not offer direct or indirect financing to its franchisees. This means that Papa Murphy's does not assist with providing loans, payment plans, or guarantees for any financial obligations franchisees might incur when setting up or operating their franchise. While Papa Murphy's may leverage its creditworthiness with vendors to help franchisees get better payment terms, this is not considered direct financing.

Performance Metrics

Total US Locations

1,044

Franchised Units

1,001

Corporate Units

43

Avg Square Footage

1,400

Franchising Since

1995

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, Papa Murphy's franchisees must provide written notice at least six months before their initial agreement expires. They are required to have faithfully performed all obligations under their initial agreement, and to refurbish, remodel, or replace their franchise location and obsolete equipment to meet current brand standards. Franchisees must also sign a general release, sign a new franchise agreement (which may have materially different terms), pay a renewal fee, ensure they have an acceptable location and lease, and attend any mandatory training that Papa Murphy's requires.

Training & Support Program

Franchisor Assistance

Papa Murphy's provides franchisees with comprehensive assistance both before and after opening their store. Before opening, Papa Murphy's helps with market analysis and site selection, including reviewing proposed locations and lease agreements, and guiding the design and construction of the store according to brand standards. Franchisees receive mandatory initial training that covers food preparation, management duties, marketing, and the point-of-sale system. This training is held at designated Papa Murphy's training stores or virtually. After opening, Papa Murphy's offers continuous support through ongoing training, marketing strategies, and sales assistance. The company administers marketing programs, conducting national, regional, and local promotions across various media. Franchisees are provided with advertising guidelines and materials, and Papa Murphy's manages the Brand Marketing Fund. Franchisees may also attend refresher courses and annual Franchise Conventions. Papa Murphy's accesses the franchisee's business and computer systems to ensure compliance, periodically inspects supplier facilities, and provides updates to the Operations Manual, new product bulletins, and sales techniques. Additionally, franchisees utilize the PMI Enterprise Solution (a computer and point-of-sale system) and receive help desk support from the Store Solutions team. A Franchise Advisory Board is also used to gather franchisee input on key business initiatives.

Initial Training Hours

265

Training Location

Designated Papa Murphy's training store and virtually

Ongoing Support

After a Papa Murphy's franchisee opens their store, Papa Murphy's provides continuous support. This includes ongoing assistance for training, marketing strategies, sales, and the use of the Operations Manual. Papa Murphy's administers marketing programs, conducting national, regional, and local promotions across various media channels. Franchisees also receive periodic refresher training, seminars, and are encouraged to attend Franchise Conventions. Papa Murphy's ensures compliance by accessing business and computer systems and regularly inspects supplier facilities. They provide updates to the Operations Manual, new product bulletins, and sales techniques. Franchisees are required to use the PMI Enterprise Solution, which is a computer and point-of-sale system, and receive help desk support from the Store Solutions team. Additionally, Papa Murphy's utilizes a Franchise Advisory Board for franchisee input on key business initiatives.

Franchise Requirements

Ideal Candidate Profile

Papa Murphy's International LLC seeks individuals who will personally oversee and manage the day-to-day operation of their franchised store. For those owning multiple stores, active participation in the management and operation of each location is required, either by the franchisee themselves or a designated operating partner. The company also offers a "Store Manager to Ownership Transfer Program" for Papa Murphy's store managers with a minimum of 24 months of experience, suggesting a preference for candidates with operational and managerial experience within the Papa Murphy's system.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

hands-on

Territory Type

Non-Exclusive

Territory Size Requirements

Papa Murphy's franchisees will be given a specific location within which they will operate their store, but they will not receive an exclusive territory or any protected area. The specific address for the franchise premises or the general site selection area will be identified in Attachment A of the Franchise Agreement. While Papa Murphy's International LLC considers market analysis, market penetration plans, population demographics, traffic, parking, and other businesses in the area when approving a site, there are no specific measurable territory size requirements, such as a defined radius, population minimum, or fixed geographic boundaries, detailed in the FDD. Franchisees are also generally restricted from marketing outside their designated regional advertising or local cooperative area without prior written consent.

Staffing Notes

Papa Murphy's International LLC requires all stores to be managed by a trained owner or a Certified Manager. A Certified Manager is an employee who has completed specific in-store training according to the Papa Murphy's One Bite at a Time training program or at a Certified Training Store. The training curriculum covers team member positions and duties, including product flow, specifications, dough preparation, guest service, cashier operations, telephones, ordering, and speed of service. Franchisees are solely responsible for hiring, firing, training, setting hours for, and supervising all their employees.