Papa Murphy's Franchise Requirements
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Papa Murphy's makes it as easy as possible to own and operate your own franchise and head down the path to success. Qualified entrepreneurs enjoy help and advice along every step of the way - from choosing the best location for your franchise, to unparalleled training programs and helpful marketing materials, Papa Murphy's aims to equip you with the best available tools to ensure that the entire experience is enjoyable and profitable.
As an interested individual, there are a few things you need to be aware of. You should first understand that owners and operators work full time and on site in an active and vital role to the success of your franchise. Owners make the initial investment, which typically ranges anywhere from $216,430 to $381,220. Papa Murphy's does not provide financing, but they do provide helpful suggestions for financing options. Finally, there are three unique store development categories offered by the company that range from a one-store franchise to a six-store chain. It is important to familiarize yourself with the minimum criteria for each option in order to understand the possibilities available to you. The main deciding factors that determine your available development categories include your overall net worth, relevant experience and ability to obtain additional financing as needed. At a bare minimum, hopeful investors should have $250 thousand net worth with at least $80 thousand in liquid assets.
While understanding these qualifying factors is the first step toward owning your own Papa Murphy's franchise, it is far from the most important. A solid dedication to your franchise and a genuine enjoyment for the atmosphere and customer base that this business model aims itself toward are the key factors that turn an investment into a successful endeavor. With these qualities matched against Papa Murphy's proven franchise development strategies, your financial achievement is all but guaranteed.
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