How to Buy a Papa Murphy's Pizza Franchise

Having a love of pizza is just the beginning when you're deciding to buy a Papa Murphy's pizza franchise. You must have a good head for numbers and an innate understanding of what it takes to run a successful business. That, coupled with some start-up capital, could be your ticket to buying a Papa Murphy's pizza franchise and making it a success.

Instructions

Difficulty: Moderately Challenging

1. Attend a franchise seminar. Before you buy a Papa Murphy's pizza franchise, you should plan to attend a franchise seminar held by the company. There you'll find out the exact qualifications you need to start up your own Papa Murphy's store, and learn what it takes to make it a success.
2. Find a suitable location. Before investing any money, it's crucial that you research the area where you plan to open your store. You want to make sure that the market can support your Papa Murphy's and that it isn't already saturated with similar establishments. The parent company can help you crunch the numbers, and can recommend an area that's suitable for you.
3. Meet the qualifications. There are certain things that you must do before you're allowed to buy a Papa Murphy's pizza franchise. You must commit to being a full-time owner/operator and have the necessary funds to open up a store. This is typically around $200,000 to $300,000, and Papa Murphy's requires that you have a net worth of at least $250,000, with liquid assets of $80,000.
4. Complete the necessary training. The last step to buying a Papa Murphy's franchise is to undergo extensive training that will educate you on the skills necessary to run your business successfully. You'll also learn how to do marketing campaigns during this time.