Expanded development agreement with existing franchisee, J & J Meyer Inc., adds 10 new stores in 8 Markets
Papa Murphy’s Holdings, Inc. (NASDAQ: FRSH) announced today it signed an expanded store development agreement with J & J Meyer Inc. to develop an additional 10 new Papa Murphy’s pizza stores in Topeka, Kansas; Fargo, North Dakota; Duluth and Minneapolis, Minnesota; and Madison, Wausau and Milwaukee, Wisconsin over the next five years.
Joel Meyer, J & J Meyer Inc. owner and area developer, has been a Papa Murphy’s franchise owner since 1999 and owns and operates 34 stores. Currently there are 246 Papa Murphy’s stores located in Kansas, North Dakota, Minnesota and Wisconsin. This agreement builds on the company’s recently announced expansion plans into the Hawaiian market with a 15-store development agreement as well as expanded store development agreements in Alabama and North Carolina with existing franchisees.
“These new deals demonstrate our commitment to working with our strong franchise partners and the confidence they have in the Papa Murphy’s brand,” said Jayson Tipp, chief development officer and senior vice president of technology, of Papa Murphy’s Holdings, Inc. “In addition to attracting growth-minded, experienced multi-unit franchisees, we are also looking for single-unit operators that are seeking out a profitable investment and efficient, proven franchise operating model. We look forward to continuing our expansion with strategic development agreements like this and building on the strong relationships we have with dedicated franchise owners like Joel Meyer well into the future.”
“I have found continued success with Papa Murphy’s over the last 17 years and I’m excited to grow the brand’s presence in these four states,” said Joel Meyer, J & J Meyer Inc. owner and area developer. “I’m confident Papa Murphy’s will continue to do incredibly well in these markets and I look forward to providing this award-winning fresh, high quality pizza and continuing the strong relationship with Papa Murphy’s.”
To find a Papa Murphy’s location nearest you and order fresh and customizable offerings online, please visit www.papamurphys.com.