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QSRRevenue OnlyItem 19: ✓ DisclosedQuality: 100/100

Papa Murphy's

Based on 2025 FDD · 9 filings in corpus

FranchiseIQ Score
54
C
Moderate Risk
Composite score based on SBA default rate, unit growth, disclosure quality & investment efficiency.
Full analysis unlocks:
✓ Cash-on-Cash return
✓ Payback period
✓ SBA default rate
✓ Red flags assessment
✓ Comparable franchises
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Total Investment Range$367K – $733K
MinMid: $550KMax

Key Metrics

Franchise Fee
$25K
Royalty Rate
5%
Ad Fund Rate
2%
Total Burden
7.0%
Royalty + ad fund
Units (2023)
1,119
-118 vs prior yr
Net Unit Growth
↓ -10.3%
Year over year
Cash-on-Cash Return
6.7%
Annual estimated return
Payback Period
14.9 yrs
Break-even timeline
SBA Default Rate
8.2%
vs ~7.2% industry avg
Median Revenue
$616K
Item 19 disclosed
Red Flags Assessment
MEDIUM: Significant unit decline
MED ×1
Premium Data

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SBA default rate, Risk Score, CoC%, investment benchmarks, and unit growth for Papa Murphy's.

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Estimated using sector-average margins. Actual franchise economics vary by location, operator, and market conditions.

Papa Murphy's vs. QSR Average

MetricPapa Murphy'sQSR Avg
SBA Default Rate8.2%▲9.4%
Cash-on-Cash Return6.7%▼14.2%
Total Investment$550K$380K

Industry averages based on FranchiseIQ corpus benchmarks. ▲ = better than avg, ▼ = worse.

Compare

Papa Murphy's vs Chick-fil-A, Inc.Papa Murphy's vs Loving CupPapa Murphy's vs Donut King

Similar Franchises · QSR

Chick-fil-A, Inc.
Revenue Only
$427K–$2.3M
Loving Cup
No Item 19
$166K–$242K
Donut King
Limited Data
$211K–$332K
Chick-fil-A, Inc.
$427K – $2.3M
Loving Cup
$166K – $242K
Donut King
$211K – $332K
Crust Gourmet Pizza Bar
$210K – $264K

Questions to Ask Before You Sign

5 data-driven questions every Papa Murphy's franchise buyer should ask.

  1. 1.What is Papa Murphy's's SBA default rate compared to its competitors?Learn more →
  2. 2.Does Papa Murphy's disclose Item 19 financial performance representations?Learn more →
  3. 3.What is the net unit growth trend over the past 3 years?Learn more →
  4. 4.What is the franchisee termination and transfer rate per Item 20?Learn more →
  5. 5.What do the FDD litigation disclosures (Item 3) reveal about franchisor legal history?Learn more →
Generate attorney questions for Papa Murphy's →Validation call guide →

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Data sourced from publicly filed Franchise Disclosure Documents (FDDs) submitted to state franchise regulators. SBA loan data from public SBA 7(a) records. Information reflects the most recent FDD filing in our database and may not reflect current terms. Always verify with the franchisor's current FDD before making any investment decision. Not legal or financial advice.