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About Papa Murphy's

Papa Murphy\'s

Papa Murphy's, a business based in Vancouver, Washington, United States, is a take-and-bake pizza company.Started in 1981 as Papa Aldo's Pizza and 1984 as Murphy's Pizza, the two chains merged in 1995. The company and its franchisees operate more than 1,300 outlets in the United States and Canada. Papa Murphy's is the fifth-largest pizza chain in the country.

History

The chain of take and bake pizzerias traces its history back to 1981, when the Papa Aldo's Pizza chain was begun in Hillsboro, Oregon. Three years later Murphy's Pizza chain began in Petaluma, California. Eventually both chains were acquired by Terry Collins, who in 1995 merged the two chains into the Papa Murphy's chain. The chain was incorporated as Papa Murphy's International, Inc. In 2003, Papa Murphy's was voted "Best Pizza Chain in America" by Restaurants and Institutions Magazine and have been every year since.The company was merged with PMI Holdings, Inc. in 2004.

Lawsuit

Papa Murphy's is being sued currently by 20 franchises over misrepresenting and omitting key facts about the chain's financial performance and advertising in franchise disclosure documents.
IPO

Papa Murphy's (FRSH) was added to the Nasdaq May 2, 2014 raising $64.1 million in shares.

Operations

Orders are available by walk-in, call-in and online. Some stores have a drive-thru window where customers can pick up call-in orders. Unlike regular pizza establishments, the pizza is made at the store but is not baked there. Instead, consumers bake the pizzas at their houses. According to Nation's Restaurant News, take-and-bake pizzerias typically have lower costs because they require less restaurant space and equipment.

Locations

There are currently over 1,425 stores In 38 states, plus fourteen more in Canada and three in Dubai, UAE. Nearly all of the stores are franchised.

Franchise

Papa Murphy’s ranked No. 5 on Forbes magazine’s list of the top 20 restaurant franchises to buy in 2011.


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