Papa Murphy’s Makes Inc. 5,000 List
Take ‘n’ bake giant takes number 3,673 with three-year sales growth of 77%
VANCOUVER, Wash. – (August 27, 2007) –– Inc. magazine has ranked Papa Murphy’s International No. 3,673 on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.”
According to Clarice Turner, president and COO of Papa Murphy’s, making the Inc. 5,000 list is just icing on the cake. “We’ve had many reasons to celebrate this past month. For the fifth year in a row our customers have named us Best Pizza Chain in America1; we opened our 1,000th store on August 1st in our newest market – San Antonio; and we reached new heights in our category – we’re now the fifth largest pizza company in the country based on U.S. locations. The party continues with this accolade. It’s quite an exciting time in the company’s history.”
The 2007 Inc. 5,000, as revealed online at www.inc.com , reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000 . The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
Methodology
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006. Companies can apply for next year’s Inc. 500 and Inc. 5,000 by registering with IncBizNet, the new social network for private companies that will launch this fall on Inc.com.
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About Papa Murphy’s
Papa Murphy’s is the fifth-largest pizza chain in the country and the pioneer of the take ‘n’ bake pizza concept. Papa Murphy’s operates 1,000 locations in 30 states and Canada. The Vancouver, Wash.-based company offers custom-made pizzas featuring high-quality fresh toppings generously layered on pizza dough that is made fresh each morning in each store. Papa Murphy’s pizzas are baked at home in customers’ ovens for a piping hot, delicious meal whenever they want it. In addition to handmade pizzas, the company offers a growing menu of take ‘n’ bake items, including Cheesy Bread, Cinnamon Wheels, chocolate chip cookie dough and freshly-made salads. Papa Murphy’s has been voted “Best Pizza Chain in America” for five consecutive years by consumers nationwide in the Restaurants and Institutions “Choice in Chains” survey. For more information, visit www.papamurphys.com . .
