Papa Murphy's Announces Refranchising Transaction in Texas
November 29 2018 - 12:00PM
Tom Lovelace Company, LLC today announced the acquisition of nine
Company-owned stores and four franchise-owned stores in the
Dallas, Texas area.
With these transactions, Tom Lovelace Company,
LLC now operates a total of 32 Papa Murphy’s stores across the
nation with plans to expand further in the near future. The company
is led by current franchise owners Tom Lovelace, his son Jeremy
Lovelace, and daughter Jennifer Adamson. Tom has 28 years of Papa
Murphy’s experience that extends beyond Tom Lovelace Company, LLC
and includes several other Papa Murphy’s franchise partnerships.
Tom’s total Papa Murphy’s investment portfolio represents the
largest number of stores owned by a franchise owner in the
system.
"Tom Lovelace Company, LLC is a strong leader in
our franchise organization,” said Papa Murphy’s CEO Weldon
Spangler. “We appreciate their passion, partnership, and dedication
to strengthening our brand, and we are excited to see their
organization’s commitment to operational excellence and customer
satisfaction expand into the Dallas/Ft. Worth area.”
"We’re thrilled to be growing with the Papa
Murphy’s brand,” said Tom Lovelace. “Our focus is always on
offering our customers top-notch service, convenience, and high
quality home-baked food. Serving more Papa Murphy’s fans in Texas
who want to ‘bake it up a notch’ on pizza night energizes us even
further.”
For additional information on Papa Murphy's
franchise opportunities and current development incentives, please
visit http://www.papamurphysfranchise.com/.
FORWARD-LOOKING STATEMENTS
This press release, as well as other information
provided from time to time by Papa Murphy's Holdings, Inc. or its
employees, may contain forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those anticipated in the forward-looking
statements. Forward-looking statements give the Company's current
expectations and projections relating to the Company's financial
condition, results of operations, plans, objectives, future
performance and business. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as “guidance,” “anticipate,” “estimate,” “expect,” “forecast,”
“project,” “plan,” “intend,” “believe,” “confident,” “may,”
“should,” “can have,” “likely,” “future” and other words and terms
of similar meaning in connection with any discussion of the timing
or nature of future operating or financial performance or other
events.
Forward-looking statements in this press release
include statements relating to the Company’s projected
Company-owned store count, projected refranchising activities, and
future financial or operational results and business strategy,
including the expected effects of our strategic initiatives.
Any such forward-looking statements are not
guarantees of performance or results, and involve risks,
uncertainties (some of which are beyond the Company's control) and
assumptions. Although the Company believes any forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect our actual financial results and
cause them to differ materially from those anticipated in any
forward-looking statements. Please refer to the risk factors
discussed in the Company’s annual report on Form 10-K for the
fiscal year ended January 1, 2018 (which can be found at
the SEC’s website www.sec.gov); each such risk factor is
specifically incorporated into this press release. Should one or
more of these risks or uncertainties materialize, the Company's
actual results may vary in material respects from those projected
in any forward-looking statements.
Any forward-looking statement made by the
Company in this press release speaks only as of the date on which
it is made. The Company undertakes no obligation to update any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
ABOUT PAPA MURPHY'SPapa
Murphy's Holdings, Inc. (“Papa Murphy’s” or the
“Company”) (NASDAQ:FRSH) is a franchisor and operator of the
largest Take ‘n’ Bake pizza brand in the United States,
selling hand-crafted, fresh pizzas for customers to bake at home.
The Company was founded in 1981 and currently operates over 1,400
franchised and corporate-owned stores in 37
states, Canada and the United Arab
Emirates. Papa Murphy's core purpose is to help anyone
with an oven and 15 minutes serve a scratch-made meal. In addition
to fresh pizzas, the Company offers hand-crafted salads, sides and
desserts to complete the meal. Order online today
at www.papamurphys.com for easy pick up everywhere, and
find us on your favorite delivery apps in select markets.
Investor Contact:Maurice
Hinesmaurice.hines@papamurphys.com360-449-4008
Media Contact:Alexis Diltz or
Daniel Evanscommunications@papamurphys.com 360-449-4001
Freshworks (NASDAQ:FRSH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Freshworks (NASDAQ:FRSH)
Historical Stock Chart
From Apr 2023 to Apr 2024