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Papa Murphy's - Peoria, IL!

High-Volume Well Established - University Center

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High-Volume Well-Established Papa Murphy’s Take ‘N’ Bake Pizza Peoria, IL - University Center!

Perfectly Situated N of Bradley University, W of Peoria Zoo & S of Northwoods Mall.

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!

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.

Well established location for over 25 years! Highly rated and recommended. Owner operated. 2023 sales up!

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/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 many national retailers including 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!

Year Established: 1999 (Current Owners 2014).

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.

Owners Role: Owner operated.

# Of Employees: 2 Full-Time & 6 Part-Time.

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.

Gross Sales (2023): $848,210.

Net Operating Income: $110,649.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Seller Financing Available: Possibly, to a well-qualified buyer with substantial down.

Reasons for Selling: Retiring.

Competition/Market: 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 & 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!

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, please contact Nicole Rayborn at Nicole@eatz-associates.com or 208-967-0748 at EatZ & Associates. Showings by appointment only outside of business hours.

At A Glance
Founded: 1981
Locations: 1318
Initial Investment: 286K - 524K
Headquarters: Vancouver, WA
Papa Murphy's

Colorado's Favorite Pizza Chain - Papa Murphy's!  We have grown to the 5th largest pizza chain in the nation and rated #1 by our Customers.  With approximately 1,500 locations, winner of the Chain Restaurant Consumers' Choice Award, and winner of the most Likely to be recommended by customer award, our pizza and brand is LOVED by our customers.

We're a big deal.  Our story began 37 years ago an now we've grown from just one store to the 5t largest pizza chain in the nation, constantly rated #1 by consumers.  So, yeah...we're kind of a big deal.

We're totally different. We spend time mixing and proofing dough, shredding whole-milk mozzarella, and chopping veggies. And then WE DON'T BAKE THE PIZZA. Why? Because scratch-made pizzas baked at home are totally crave-worthy.

We're simple. Our take ‘n’ bake model means no ovens, freezers or dine in, which provides lower investment costs and allows you to focus on building customer relationships by creating the best pizza ever.

3125 N University St
Peoria, Illinois 61604
United States
First name *

Last name *

Your phone *

Your email *

Your message *

Send me more information from these Trusted Sources:

FranFundGet the funding you need for your franchise from an experienced financial partner.

Benetrends FinancialFunding Your Business. Fueling Your Growth.

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