Papa Murphy’s Holdings is one of the largest pizza chain franchisor and operator in the United States.
It was founded in 1981 at Hillsboro, Oregon under the name of Papa Aldo’s. In the third year of operation, it has opened its franchise store at McMinnville, Oregon, and in 1995, Papa Aldo and Murphy’s pizza merged to form Papa Murphy’s pizza.
Papa Murphy’s pizza has been expanding with 167 stores opened in the year 2015 and has reached a system-wide stores of 1536 at the end of 2015. Since 2000, Papa Murphy pizza has received Chain of the year award four times by Pizza Today magazine. In 2003, Papa Murphy pizza was named as the best pizza in America. In 2009, it was awarded the Franchise Satisfaction award by Franchise Business review. In 2015, Papa Murphy’s pizza received Customer’s choice award by Technomic.
In 2015, the total revenue from all its company-owned and franchise stores grew by 23.4% to $120 million from $97 million in 2014. This was primarily due to opening new company-owned stores and strategic acquisition of few of franchise stores. On 9th March 2015, Papa Murphy acquired six franchise stores at Seattle, Washington from a single owner for $4.1 million. Moreover it has acquired 17 additional Papa Murphy’s stores in seven international markets during 2015. The System-wide sales of Papa Murphy’s pizza has increased by 5% to $892 million in 2015 from $850 million in 2014. Most of the system-wide sales are from domestic franchise-owned stores. All the International stores of Papa Murphy’s pizza are franchised. Papa Murphy’s pizza believe significant opportunities to develop its business across the globe with a target to open at least 4500 stores. It includes stores in existing markets and new international markets.