Noble Roman’s, the Indianapolis-based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, issued an update on the expansion of its take-n-bake (TBN) concept, which is available in grocery stores as well as in the stand-alone TNB franchise structure.
In the last three weeks alone, Noble Roman’s has entered into two new franchise agreements, bringing the total number of TNB units to 11, eight of which are currently under development or construction and are expected to open during the first half of 2013.
In the first six weeks of 2013, the company has expanded the number of grocery stores offering its TNB pizza to 1,445. Marketing efforts include attending grocery trade shows such as the National Grocers Association trade show in Las Vegas, held this week, where the company can raise awareness of its unique position in the pizza market.
“Take-n-bake is the fastest growing segment of the pizza industry,” Paul Mobley, chairman and CEO, Noble Roman’s stated in the press release. “And Noble Roman’s is at the forefront of this trend, methodically increasing our presence in grocery stores around the country and growing our stand-alone TNB franchises. We continue to grow our pipeline of franchise prospects for the stand-alone take-n-bake concept, and expect to have several others under development by mid-year.”
Mobley said that as Noble Roman’s approaches 1,500 grocery stores carrying its TNB product, the company anticipates steady growth to this grocery network in upcoming quarters, which ultimately results in additional revenue stream.
“With our recognized brand and our reputation for great taste and high quality, we are poised to grow our revenues and profitability due to the popularity of the TNB concept,” he concluded.
For more information, visit www.nobleromans.com
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