STRATEGIC PARTNERS
Papa Murphy's Holdings Inc has signed an exclusive area-development agreement with Take-n-Bake Hawaii LLC to develop 15 Papa Murphy's pizza stores in Hawaii over the next four years.
April 1, 2016
Papa Murphy's Holdings Inc has signed an exclusive area-development agreement with Take-n-Bake Hawaii LLC to develop 15 Papa Murphy's pizza stores in Hawaii over the next four years. The first Hawaiian Papa Murphy's locations are anticipated to open on Oahu in late 2016, according to a company press release.
This announcement marks another growth milestone for Papa Murphy's, which recently announced expanded store development agreements in Alabama and North Carolina. In addition to entering this new market, Papa Murphy's expects to add between 115 and 120 new domestic locations in 2016.
"As we continue to grow our footprint and expand our presence, entering the Hawaiian market is an important next step for Papa Murphy's," said Jayson Tipp, chief development officer and senior vice president of technology of Papa Murphy's Holdings Inc. "Our goal in entering this market was to find a multi-unit developer with extensive experience and relationships within the region who would protect and promote our fresh pizza brand. We are confident that Take-n-Bake Hawaii LLC with their QSR experience and deep roots in the local community are the ideal team to help busy families in Hawaii solve the dinnertime dilemma."
Take-n-Bake Hawaii LLC, a franchise operator with more than 15 years of QSR experience in the Hawaiian market, currently operates five franchises of Popeye's Louisiana Kitchen and eight T-Mobile Premium Retail stores on Oahu.
"We are excited to be the first to bring the Papa Murphy's experience to Hawaii and believe that this fresh pizza model will resonate well here," said Sean Uezu, managing member of Take-n-Bake Hawaii LLC. "We are dedicated to providing our customers and the local community with a unique and fresh experience. We look forward to working with Papa Murphy's to exclusively develop the Hawaiian market and offer America's favorite take-and-bake pizza with a big aloha."
