Papa Murphy’s Seeks Franchisees in the Orlando Market

Papa Murphy’s looks to expand its presence in the Central Florida market. The take-and-bake pizza restaurant is seeking franchisees in Ocala and Orlando markets. The chain currently has two separate franchise groups in the Orlando area with three new restaurants opening in November. Papa Murphy’s wants to increase its presence from five stores to 55-60 locations throughout the next seven to 10 years.

Papa Murphy’s believes Orlando has plenty of opportunities for development and is a great ft for the brand's target market: moms, families, and the 55+ crowd. The company is looking for multiple franchisees to help facilitate development and move forward quickly in the market. In the Orlando market, they are looking to have four to five addition single or multi-unit franchisees.

Papa Murphy’s franchisee benefits include no royalties for the first year of operation, a contribution of $10,000 for the grand opening marketing and new digital menu boards at the company’s expense. Multi-unit franchisees must have a past with multi-unit food or retail experience, while single-unit franchisees should have at least $80,000 in liquid assets and a net worth of $275,000. A typical Papa Murphy’s location is 1,400 square feet of inline space located in or around a major shopping center or high traffic retail drivers.

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Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

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