Indianapolis-based Noble Roman’s Inc. is a franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants. Some outlets are stand-alone, while others are in non-traditional locations, such as universities, convenience stores, travel plazas and military bases.
Revenue at Noble Roman's Inc. inched up in the first quarter as the Indianapolis-based franchisor continued to grow its take-and-bake pizza operation in grocery stores.
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
Noble Roman's Inc. has won a pivotal courtroom victory in a battle with 14 former franchisees of its dual-branded Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
The pizza franchisor will begin offering pasta sauce, Parmesan cheese, cheesy bread sticks, cheese dip and a deep-dish lasagna dish to grocery stores to supplement franchise revenue.
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.
Noble Roman’s Inc. is a franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
Noble Roman’s Inc. profit and revenue slipped in the second quarter as fewer of its traditional Noble’s Pizza
and Tuscano’s Italian Style Subs stores were operating.
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
Pizza chain Noble Roman’s Inc. says plans for its first investor meeting in seven years have no connection to an investor’s
lawsuit.
Indianapolis-based Noble Roman’s Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and
$500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman’s company.
Nine former Noble Roman’s franchisees and a current operator have filed a lawsuit charging that the Indianapolis chain lied
to them about the costs and risks of opening one of its pizza and sub restaurants. The franchisees say the 1,000-restaurant
chain aggressively marketed its stand-alone, dual-brand Noble Roman’s and Tuscano’s Italian Style Subs restaurants without
testing the concept–a scheme they contend was designed to inflate the company’s stock price so owners could unload shares
at a profit.
Noble Roman’s Inc. has taken over the operation of six franchised restaurants in Indianapolis in a bid to prove its concept
can be executed profitably. The move–which comes amid a chorus of discontent from franchisees and as the company explores
the possibility of selling itself–could help the 1,000-restaurant chain avoid the embarrassment of store failures in its
own back yard.
Noble Roman's Inc. wrote an impressive comeback story by selling its home-grown pizza and subs concepts to hundreds of
gas stations, bowling alleys and food courts. But the Indianapolis company’s push to add stand-alone restaurants across the
country isn’t going as smoothly.
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
Noble Roman’s Inc. executives think they’ve found the recipe to lift their company out of its stock malaise. The Indianapolis company started franchising last year restaurants that feature dual branding with its Tuscano’s Italian Style Subs, and it plans 157 locations within three years.
