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Noble Roman's Inc. announced results for the quarterly period ended Sept. 30, including a revenue increase of 4.5 percent compared to the same period last year.
The company's first stand-alone take-n-bake location opened in Greenwood, Ind., a suburb of Indianapolis, in late October. Six more are already under agreement and in various stages of development, several of which are expected to open soon.
So far this year, the company has signed franchise agreements for 34 new non-traditional locations other than grocery stores.
Also, the company has signed supply agreements for 411 additional grocery store take-n-bake locations.
"We continue to successfully leverage the opportunities we see for increasing unit growth and revenue within our non-traditional venues, while adding additional growth engines through our take-n-bake initiative," said Paul Mobley, chairman and CEO of Noble Roman's Inc. "This success is reflected in our positive operating metrics and by the increase in franchise agreements we've signed for new, non-traditional locations other than grocery stores as well as for additional grocery store take-n-bake locations. Our first stand-alone take-n-bake franchise taps into this fast growing segment of the pizza industry with our high-quality, great tasting pizza offerings adapted for this market."
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