Overall costs for Papa Murphy's Take 'N' Bake Pizza run anywhere from $286,919 to $524,205. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
How COVID-19 affects franchising costs
Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to
loans for businesses affected by the coronavirus.
Estimated initial costs
Our cost estimates are accurate as of 2019 from
https://www.franchisedirect.com and include opening fees and expenses only. Your location may result in higher or lower fees.
Franchise fees
Papa Murphy's Take 'N' Bake Pizza franchise fees total around $25,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
| Initial franchise fee |
$25,000 to $25,000 |
| Estimated total |
$25,000 to $25,000 |
Equipment fees
Equipment fees total $157,400 for Papa Murphy's Take 'N' Bake Pizza. This is less than the $180,023 average for the top 200 franchises.
| Signs |
$5,000 to $10,000 |
| Opening package, including equipment and supplies, decor, cabinets, point-of sale system and smallwares |
$118,750 to $178,550 |
| Materials and supplies |
$500 to $2,000 |
| Estimated total |
$124,250 to $190,550 |
Real estate fees
Real estate will set you back $141,680 for Papa Murphy's Take 'N' Bake Pizza, thought it's less than the average of $788,376 for the top 200 franchises.
| Lease and utilities deposits and payments |
$2,500 to $6,000 |
| Leasehold improvements |
$72,109 to $175,034 |
| Stamped architectural drawings |
$6,300 to $7,800 |
| Franchise premises rent for three months |
$3,090 to $10,526 |
| Estimated total |
$83,999 to $199,360 |
Training fees
Papa Murphy's Take 'N' Bake Pizza initial training costs total $9,423, which comes in under the nationwide average of $9,788.
| Operations training and foundations class |
$0 to $500 |
| Enterprise solution training |
$400 to $400 |
| Travel and living expenses while training |
$3,395 to $12,150 |
| Employee training |
$500 to $1,500 |
| Estimated total |
$4,295 to $14,550 |
Inventory costs
Initial inventory for Papa Murphy's Take 'N' Bake Pizza shakes out to $6,000. This is less than the nationwide average of $53,119.
| Inventory |
$5,000 to $7,000 |
| Estimated total |
$5,000 to $7,000 |
Marketing costs
Advertisement and marketing costs total up to $30,000 for Papa Murphy's Take 'N' Bake Pizza, which is more than the nationwide average of $9,938.
| Six months' initial marketing fees and expenses |
$30,000 to $30,000 |
| Estimated total |
$30,000 to $30,000 |
Insurance costs
Initial insurance costs for Papa Murphy's Take 'N' Bake Pizza run $775. This means you'll be paying less than the overall nationwide average of $6,311.
| Three months' insurance |
$375 to $1,175 |
| Insurance |
The franchiseeu2019s insurance must include at a minimum comprehensive general liability coverage, including products liability coverage, in amount of at least $2,000,000 per occurrence and business automobile liability insurance in an amount of at least $1,000,000 per occurrence. The franchisee must name the franchisor as an additional insured. |
| Estimated total |
$375 to $1,175 |
Administrative fees
Papa Murphy's Take 'N' Bake Pizza administrative fees total up to $4,650 — which comes in under the overall nationwide average of $6,761.
| As-built surveys |
$2,500 to $3,700 |
| Three months' bookkeeping and payroll service |
$1,500 to $1,600 |
| Audit |
The costs of conducting an audit, plus related expenses. |
| Estimated total |
$4,000 to $5,300 |
Other expenses
Miscellaneous expenses for Papa Murphy's Take 'N' Bake Pizza total $30,635 — less than the nationwide average of $69,970.
| Miscellaneous development service fees |
$0 to $1,270 |
| Three months' additional funds, working capital and miscellaneous expenses |
$10,000 to $50,000 |
| Estimated total |
$10,000 to $51,270 |
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2019.
How to finance
The best way to finance Papa Murphy's Take 'N' Bake Pizza comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
- Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
- Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
- SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
- Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
Also check if Papa Murphy's Take 'N' Bake Pizza franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.
Compare small business lenders
How Papa Murphy's Take 'N' Bake Pizza stacks up
Compare how Papa Murphy's Take 'N' Bake Pizza holds up against two similarly sized franchises.
| Average Franchise fees |
$59,950 |
$25,000 |
$17,500 |
| Average Equipment fees |
$253,700 |
$157,400 |
$1,060,750 |
| Average Real estate fees |
$797,375 |
$141,680 |
$1,850,000 |
| Average Training fees |
$5,450 |
$9,423 |
$17,500 |
| Average Inventory fees |
$5,000 |
$6,000 |
$15,000 |
| Average Marketing fees |
$35,000 |
$30,000 |
$12,500 |
| Average Licenses and permits fees |
$2,000 |
NA |
$252,500 |
| Average Insurance fees |
$4,250 |
$775 |
$27,200 |
| Average Admin fees |
NA |
$4,650 |
NA |
| Average Personnel fees |
NA |
NA |
$7,500 |
| Average Other fees |
NA |
$30,635 |
$170,000 |
Bottom line
Papa Murphy's Take 'N' Bake Pizza franchise costs run a total of $405,562. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing
read our guide to franchise financing.
