Listings

Summary:

Popular chain offering fresh, made-from-scratch pizza baked at home. Along with handcrafted salads, crustless pizzas, breads and desserts.

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.

Recently named “One of America’s Favorite Restaurant Chains” and “#1 in Customer Service” by Newsweek Magazine for the last 4 years!

Well established location for over 24 years! Highly rated and recommended. Owner operated. Simple operation - counter service. No seating - no dine-in. Carryout, curbside pickup or 3rd party delivery only. Online ordering also available. And a rewards program added in 2020.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Business Website: https://www.papamurphys.com

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 40yrs, 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 busy strip center just off I-150 (W War Memorial Dr) and I-74. At the corner of N University St lined with restaurants and retailers and W Forrest Hill Ave, both with high traffic counts.

Along with AutoZone Auto Parts, Dotty’s, Metro by T-Mobile, Rumberger’s Wings, The Co-op Shop, Trinity Cannabis and Trinity on University - Recreational.

Adjacent Ace Hardware Aldi, Dunham’s Sports, Hobby Lobby, Walgreens, Walmart and so much more. Also close to Landmark Plaza with Landmark Lanes and Landmark Cinemas. And surrounded by a vast residential area of homes.

Perfectly situated north of Bradley University, west of Peoria Zoo and south of Northwoods Mall!

County: Peoria

Facilities:

Lease Information: Leased space $3,144/mth gross. Current lease expires Jun 2025 with two 3-year options.

Square Feet: 2,000.

Seating: 0.

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

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.