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    Franchise opportunities compared

    Papa Murphys vs Paris Banh Mi

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Papa Murphys2026 FDDParis Banh Mi2026 FDD

    Initial investment · Item 7

    Papa Murphys

    $450,330 – $693,450

    2026 FDD · Item 7 · PDF p. 38

    Paris Banh Mi

    $478,000 – $828,000

    2026 FDD · Item 7 · PDF p. 15

    Initial franchise fee · Item 5

    Papa Murphys

    $25,000

    2026 FDD · Item 5 · PDF p. 27

    Paris Banh Mi

    $60,000

    2026 FDD · Item 5 · PDF p. 11

    Royalty · Item 6

    Papa Murphys

    Not available

    Paris Banh Mi

    Not available

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Only Papa Murphys has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Papa Murphys

    $450,330 – $693,450
    TOTAL ESTIMATED INITIAL INVESTMENT — $450,330 - $693,450
    2026 FDD · Item 7 · PDF p. 38

    Paris Banh Mi

    $478,000 – $828,000
    TOTAL ESTIMATED INITIAL INVESTMENT — $478,000–$828,000
    2026 FDD · Item 7 · PDF p. 15
    Standard initial franchise fee (Item 5)

    Papa Murphys

    $25,000
    2026 FDD · Item 5 · PDF p. 27

    Paris Banh Mi

    $60,000
    2026 FDD · Item 5 · PDF p. 11
    Royalty (Item 6)

    Papa Murphys

    Not available
    No reviewed royalty record

    Paris Banh Mi

    Not available
    No reviewed royalty record
    Brand / advertising fund (Item 6)

    Papa Murphys

    Not available
    No reviewed brand or advertising fund fee

    Paris Banh Mi

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Papa Murphys

    Not available
    No reviewed outlet counts

    Paris Banh Mi

    Not available
    No reviewed outlet counts
    Net outlet change (Item 20)

    Papa Murphys

    Not available
    Only one year reported

    Paris Banh Mi

    Not available
    Only one year reported
    Outlet exits (Item 20)

    Papa Murphys

    Not available
    No complete exit records for a year

    Paris Banh Mi

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Papa Murphys

    Not available
    Not in reviewed records

    Paris Banh Mi

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Papa Murphys

    Not available
    Not in reviewed records

    Paris Banh Mi

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Papa Murphys
    Locations counted not stated in the reviewed record — All Franchise Stores
    1,015 units
    other All Franchise Stores
    2026 FDD · Item 19 · PDF p. 64
    Locations counted not stated in the reviewed record — Franchise Stores – West
    $2,458,479
    other Franchise Stores – West
    2026 FDD · Item 19 · PDF p. 65
    Locations counted not stated in the reviewed record — Franchise Stores – Central
    381 units
    other Franchise Stores – Central
    2026 FDD · Item 19 · PDF p. 65
    +1 more groups in the full report
    Paris Banh Mi

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Papa Murphys vs Paris Banh Mi: common questions

    Which costs less to open, Papa Murphys or Paris Banh Mi?
    Papa Murphys: $450,330 – $693,450 (2026 FDD · Item 7 · PDF p. 38); Paris Banh Mi: $478,000 – $828,000 (2026 FDD · Item 7 · PDF p. 15). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Papa Murphys. Estimates are not quotes, and the FDD years may differ.
    Do Papa Murphys and Paris Banh Mi disclose financial performance (Item 19)?
    Papa Murphys has reviewed Item 19 figures for 4 location groups; Paris Banh Mi makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Papa Murphys report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Paris Banh Mi report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

    Plain-language meaning of each Item