Noble Roman's

Noble Roman's, Inc.
Public
Traded as OTCQB: NROM
Industry Food
Founded 1972 (1972) in Bloomington, Indiana
Founders Stephen Huse and Gary Knackstedt
Headquarters Indianapolis, Indiana
Number of locations
 Between 3 and 20
Area served
 United States
Key people
 Paul W. Mobley, Chairman of the Board and Chief Financial Officer [1]
Scott Mobley, President and CEO
Products Pizza, salads, subs
Revenue $ 7.8 million (2016)[1]
Website www.nobleromans.com

Noble Roman's is a pizza company based in Indianapolis, Indiana.[2]

History

Noble Roman's was founded in Bloomington, Indiana, when Stephen Huse and Gary Knackstedt acquired a failed pizza shop near the campus of Indiana University in 1969.[3] The company incorporated in 1972,[4] with the first franchise following in 1973.[3]

During the 2000s and 2010s, the company became embroiled in multiple lawsuits with its franchisees [5] [6]. Franchisees have described the company as "distinguished...by its high franchisee failure rates, and its insistence on suing franchise owners once they fail." Other franchisees allege that the company "has used litigation as a revenue source" and as of 2009 was "involved with litigation with every one of their franchisees."[7]

During the 2010s, Noble Roman's started to move away from selling pizzas in the traditional sit down and delivery restaurants to focus in selling reheat and serve products in supermarkets[8] and later hot products for eating inside supermarket cafes,[9] such as at Marsh Supermarkets.[10][11] During this time, Noble Roman's had 800 franchised locations plus contracts to sell pizzas in 2,000 supermarkets.[9] As of August 2016 the number of dedicated Noble Roman's restaurants is approximately 16, though their pre-made branded products are offered widely in convenience stores and grocery stores.

In November 2014, Scott Mobley replaced his father, Paul Mobley, as president and CEO while the elder remained chairman.[12]

See also

References

  1. 1 2 Noble Roman's Form 10-K (Report). U.S. Securities and Exchange Commission. December 31, 2016.
  2. ↑ Noble Roman's, Inc. - Company Profile Snapshot
  3. 1 2 "Making It Big in the Fast-Food Industry". Business Horizons. Elsevier. 21 (3): 65–72. June 1978. doi:10.1016/0007-6813(78)90093-9.
  4. ↑ "Noble Roman's Company Profile". Reuters. Retrieved 2018-08-28.
  5. ↑ "Noble Roman's granted favorable judgment in long-running lawsuit".
  6. ↑ "Pizza Franchisor Gets Burnt".
  7. ↑ "NOBLE ROMAN'S (NROM) Franchise Complaints".
  8. ↑ Schouten, Cory (March 12, 2011). "Noble Roman's expands grocery offerings to boost bottom line". Indianapolis Business Journal.
  9. 1 2 Andrews, Greg (January 30, 2016). "Believers in Noble Roman's see groceries as super market". Indianapolis Business Journal.
  10. ↑ "Marsh Supermarkets". Food and Drink Magazine. April 25, 2016.
  11. ↑ Sikich, Chris (May 12, 2014). "Marsh to open 1st new Downtown Indianapolis grocery in 30 years". Indianapolis Star.
  12. ↑ "Management Structure; Continues Current Strategy Unaltered". PR Newswire (Press release). November 20, 2014.
  • Official website
  • "Noble Roman's Inc. History". FundingUniverse.


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