Listings

Summary:

Rare opportunity to acquire an established Papa Murphy’s Take-N-Bake, popular chain offering fresh, made-from-scratch pizza baked at home. Along with handcrafted salads, crustless pizzas, breads and desserts.

The brand’s distinctive “take-and-bake” model allows customers to purchase freshly prepared pizzas made in-store and bake them at home, delivering premium freshness while significantly reducing labor, equipment and operational complexity compared to traditional pizzerias.

Customers get to personalize their pizza, picking from their favorite toppings, sauces and crusts. Get to choose from hand-sliced high-quality veggies, freshly grated cheeses, butcher quality meats and made-from-scratch doughs. Including dairy-free cheeses, gluten free crusts and Keto-friendly crustless pizzas. Also, a variety of prepared classic, signature and gourmet pizzas available so that consumers can pick one of those if they’re not looking to customize their order. And build-your-own pizza kits for the kids. Plus, new dipping sauces - choice of creamy ranch, savory garlic butter or zesty marinara.

Simple operation - counter service. No seating - no dine-in. Carryout, curbside pickup or 3rd party delivery only. Online ordering is also available. And a rewards program added in 2020. Owner operated.

Papa Murphy’s is one of the most recognized pizza franchises in North America and has repeatedly been named among America’s favorite restaurant chains with top customer service rankings. And “#1 in Customer Service” by Newsweek Magazine!

This well-known highly rated & recommended franchise location has served the community for over 27 years and benefits from strong brand recognition, a loyal customer base and the operational advantages of Papa Murphy’s take-and-bake concept.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please complete the short Contact Form on the right or email Nicole Rayborn at Nicole@eatz-associates.com or call 208-967-0748 for more information. Showings by appointment only outside of business hours.

Competition:

Delicious pizzas to take home & make at one’s convenience. Prepared from scratch with fresh ingredients, so one can take it, bake it and enjoy it fresh out of the oven. And more than just pizza, they’re a whole meal solution from beverages to cheesy bread to pizza to dessert. Convenient. Customizable. Also, efficient, fun & easy online ordering. A meal that is fast, fresh & affordable. Ideal for pizza night! Great for lunch, dinner, parties & more.

And an easy to run operation-does not require ovens!

Growth and Expansion:

Papa Aldo’s & Murphy’s Pizza merged in 1995 to form Papa Murphy’s. For over 40 yrs, these iconic brands have found success and Papa Murphy’s continues to grow as the demand for pizza, especially take n’ bake pizza continues to skyrocket. Papa Murphy’s is now an international take n’ bake franchise. Also, the largest take ‘n' bake pizza brand in the US. And the 5th largest pizza franchise in the nation. Currently over 1,250 locations + Canada/UAE.

Get your slice of the $46+billion-dollar pizza industry estimated to grow another 10% in the next 5yrs!

Location:

Prime retail space in University Center, a well-established strip center on N University St, one of the city’s busiest retail corridors lined with restaurants and retailers as well as 29,000 vehicles per day. Along with AutoZone Auto Parts, Dotty’s, Metro by T-Mobile, Rumberger’s Wings, The Co-Op Shop and more - an established tenant mix generating daily consumer traffic.

This franchise location also benefits from its proximity to a large cluster of national retailers and high-traffic shopping destinations including Ace Hardware, Aldi, Hobby Lobby, Walgreens, Walmart and more. These major retailers create strong cross-shopping traffic and daily consumer flow, ideal for quick-service takeout concepts like Papa Murphy’s.

Plus, it is close to Landmark Plaza, an entertainment complex with Landmark Lanes and Landmark Recreation Center. As well as Schmoeger Park with several baseball fields and recreation areas. And just south of Northwoods Mall, one of the region's primary shopping centers and north of Bradley University, bringing in thousands of students and staff, plus west of Peoria Zoo. These nearby destinations generate steady daily and weekend traffic from families, students and local residents.

Also, surrounded by strong residential neighborhoods which provide a large and stable customer base for pizza and take-home meals. Boasts over 13,000 residents within 1 mile, over 84,000 within 3 miles and over 131,000 within 5 miles. This dense residential population supports consistent carryout dining demand and repeat customers.

County: Peoria

Facilities:

Lease Information: Leased space $3,144/mth gross. Current lease expires Jun 2028 with one 3-year option.

Square Feet: 2,000.

Seating: 0.

Days/Hrs of Operation: Daily 11a-8p.

Owners Role: Owner operated.

Real Estate: Leased.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Number of Employees: 2 Full-Time & 6 Part-Time.

Support/Training: Their comprehensive training program starts with 4 to 5 weeks of operations training, followed by 1 week of foundation class. This includes everything from customer service, to how to prep the product, to learning how to work the POS system, to hiring and management of employees, to learning how to effectively market your store and more.

Seller Financing Available: Possibly, to a well-qualified buyer with substantial down.

Reason for Selling: Retiring.