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Noble Roman's net up 61 percent
August 9, 2007
INDIANAPOLIS — Revenues at Noble Roman's Inc., franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, was $3.1 million for the second quarter ended June 30, up 34 percent compared with revenues of $2.3 million for the second quarter of 2006.
Year-to-date, Noble Roman's revenues were $5.9 million, up 28 percent compared with revenues of $4.6 million for the first six months of last year.
Noble Roman's net income for the quarter was $703,506, up 61 percent compared with net income of $435,870 for the same period last year. Year-to-date, net income for the pizza chain was $1.4 million, up 67 percent compared with net income of $840,435 for the first half of 2006.
The company has sold 19 territories to area developers that call for 685 locations over the next five to seven years. Additionally, the company has sold 84 dual-branded franchises for traditional locations, 37 of which were sold through area developers.
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