Franchise opportunities compared
Papa Murphys vs Peri Peri Holdings
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.
Before you compare
- Both sets of figures come from 2026 FDDs.
- Peri Peri Holdings discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Only Papa Murphys has reviewed Item 19 figures here.
| Disclosure | PMPapa Murphys |  Peri Peri Holdings |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $450,330 – $693,450 TOTAL ESTIMATED INITIAL INVESTMENT — $450,330 - $693,450 2026 FDD · Item 7 · PDF p. 38 | $129,400 – $452,000 2026 FDD · Item 7 |
| Standard initial franchise fee (Item 5) | Not available No single standard fee identified | Not available No single standard fee identified |
| Royalty (Item 6) | Not available No reviewed royalty record | $5.00 Royalty 2026 FDD · Item 6 · PDF p. 18 |
| Brand / advertising fund (Item 6) | Not available No reviewed brand or advertising fund fee | Not available No reviewed brand or advertising fund fee |
| System scale & health | ||
| Total outlets (Item 20) | Not available No reviewed outlet counts | 23 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 64 |
| Net outlet change (Item 20) | Not available Only one year reported | +5 Calculated: 18 at end of 2023 → 23 at end of 2025 |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | 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 | 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.