Take ‘n’ bake pizza pioneer among the fastest-growing private companies in the country
Last update: 11:07 a.m. EDT Aug. 27, 2008
VANCOUVER, Wash., Aug 27, 2008 (BUSINESS WIRE) — Inc. magazine has placed Papa Murphy’s International on its 2008 list of Top 100 Food & Beverage Companies in the country. This is the second consecutive year that the take ‘n’ bake pizza pioneer has made the national list, demonstrating its sizeable customer-following and craveable product. Papa Murphy’s is widely acknowledged for excellence in value, quality, variety, service and convenience. As such, consumers just voted the company Best Pizza Chain in America1 for the sixth year in a row.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
Papa Murphy’s currently operates over 1,000 franchised and corporate-owned stores in the U.S. and Canada, and with more than 100 stores opening each year, the company is growing both in geography and in sales, according to Kevin King, vice president of development at Papa Murphy’s.
“We’ve had five consecutive years of positive same-store sales growth,” says King. “We’re a terrific vehicle for qualified people to get into their own business with very attractive returns. We have the lowest build-out cost of any of the national pizza chains and many other national brands2. Additionally, the fact that our stores operate at a very specific segment of the day, or day part, is an attractive business model for many entrepreneurs to build their own dreams.”
About Papa Murphy’s
Papa Murphy’s is the fifth-largest pizza chain in the country and the pioneer and leader of the take ‘n’ bake pizza segment. Papa Murphy’s operates over 1,000 franchised and corporate-owned 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. By baking Papa Murphy’s pizzas at home, customers get to experience the home-baked aroma of a convenient, delicious meal that the brand is known for. In addition to handmade pizzas, the company offers a growing menu of take ‘n’ bake items, including Cheesy Bread, Cinnamon Wheels, and chocolate chip cookie dough. Papa Murphy’s has been voted “Best Pizza Chain in America” for six consecutive years by consumers nationwide in the Restaurants and Institutions “Consumers’ Choice in Chains” survey and was recently named Pizza Today’s “2008 Chain of the Year” for the third time. For more information, visit www.papamurphys.com.
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1 Restaurants and Institutions “Consumers’ Choice in Chains” survey (2008)
2 RBC Capital Markets review (December, 2007)
SOURCE: Papa Murphy’s International