Saturday, March 22, 2008
Restaurant Franchisor Assumes Operation of Struggling Franchisees
Father-son duo Paul and Scott Mobley who own Noble Roman’s Inc. a Restaurant Franchise have assumed the operation of six franchised restaurants in Indianapolis. According to this article, " The locations had been operated by a single franchisee, local businessman Steve Patton." Taking over these franchisee units "is a departure for a 36-year-old company that now focuses almost entirely on franchising; Noble Roman’s owns only two locations, primarily for training purposes." Paul Mobley feels that the move is the right one for the company and that they can demonstrate success. The article adds that "Noble Roman’s has reinvented itself several times over the years since launching in the 1970s as a chain of dine-in restaurants. In 1997, after intense competition and rising costs made stand-alone pizza joints difficult to operate profitably, Noble Roman’s turned to franchising nontraditional outlets like bowling alleys and gas stations—a strategy that has paid off handsomely. The chain has sold hundreds of franchise owners on features such as a fast-lunch system and a proprietary partially baked crust that ensures Noble Roman’s pizza always tastes the same and can be cooked quickly."