Papa Murphy's International has announced that it outpaced all pizza-industry competition in new store growth and U.S. systemwide sales in 2009, based on year-over-year percentage change.
“Papa Murphy's is an attractive option because we have one of the lowest investment levels of any pizza chain,” said John Barr, Papa Murphy’s Chairman and CEO. “That's often a deciding factor, given the current difficulty for new business owners to secure financing. We signed over 130 franchise agreements last year, including some in major new markets in the Southeast."
Last month, PizzaMarketplace.com reported that the take ‘n’ bake chain would add hundreds of units incrementally throughout the next five years, and is looking for loads of new franchisees to do so.
“The key to sustaining our momentum this past year is that we’ve continued to remain an affordable meal solution and we haven’t compromised the quality of our product,” added Barr.
Papa Murphy’s success is reflected in its system’s franchisee satisfaction. Recent results from a survey conducted by Franchise Business Review indicate that Papa Murphy’s has some of the most satisfied franchise owners among nearly 100 major brands. The company scored as one of the top food franchises for 2009 based on overall franchise owner satisfaction.