Noble Roman's Announces Additional Growth
Noble Roman's (OTCQB:NROM) announced significant expansion of its non-traditional franchises, particularly in convenience stores and travel plazas. The company expects to open approximately 19 new franchise locations in Q4 2024, including three new units for Majors Management This brings the total new unit openings for 2024 to approximately 70 locations.
The company is also building a substantial backlog of new units scheduled to open in Q1 2025, including additional Majors Management locations. Company-owned Craft Pizza & Pub locations are showing positive same-store sales growth compared to last year, with expectations for this trend to continue through Q4 and into Q1 2025. The company plans to refinance its existing senior loan and subordinated debentures.
Noble Roman's (OTCQB:NROM) ha annunciato un'espansione significativa delle sue franchigie non tradizionali, in particolare nei negozi di convenienza e nelle aree di sosta. L'azienda prevede di aprire circa 19 nuove sedi in franchising nel Q4 2024, comprese tre nuove unità per Majors Management. Questo porta il totale delle nuove aperture per il 2024 a circa 70 location.
La società sta anche costruendo un consistente portafoglio di nuove unità programmate per aprire nel Q1 2025, comprese ulteriori sedi di Majors Management. Le sedi di Craft Pizza & Pub di proprietà dell'azienda stanno mostrando una crescita positiva delle vendite nello stesso punto vendita rispetto all'anno scorso, con aspettative affinché questa tendenza continui fino al Q4 e nel Q1 2025. L'azienda prevede di rifinanziare il suo prestito senior esistente e le obbligazioni subordinate.
Noble Roman's (OTCQB:NROM) anunció una expansión significativa de sus franquicias no tradicionales, particularmente en tiendas de conveniencia y plazas de viajes. La compañía espera abrir aproximadamente 19 nuevas ubicaciones de franquicia en el Q4 de 2024, incluyendo tres nuevas unidades para Majors Management. Esto eleva el total de nuevas aperturas para 2024 a aproximadamente 70 ubicaciones.
La empresa también está construyendo un considerable respaldo de nuevas unidades programadas para abrir en el Q1 de 2025, incluidas ubicaciones adicionales de Majors Management. Las ubicaciones de Craft Pizza & Pub de propiedad de la empresa están mostrando un crecimiento positivo en las ventas del mismo establecimiento en comparación con el año pasado, con expectativas de que esta tendencia continúe hasta el Q4 y en el Q1 de 2025. La compañía planea refinanciar su préstamo senior existente y sus obligaciones subordinadas.
노블 로마스 (OTCQB:NROM)는 편의점과 여행 광장 내 비전통적인 프랜차이즈의 중요한 확장을 발표했습니다. 이 회사는 2024년 4분기에 약 19개의 새로운 프랜차이즈 매장을 열 것으로 예상하고 있으며, 여기에는 Majors Management를 위한 3개의 새로운 유닛이 포함됩니다. 이를 통해 2024년의 새로운 매장 총 개수는 약 70개로 증가합니다.
회사는 또한 2025년 1분기에 열릴 예정인 새로운 유닛의 상당한 백로그를 구축하고 있으며, 여기에는 추가적인 Majors Management 위치도 포함됩니다. 회사 소속의 크래프트 피자 & 펍 매장은 지난해와 비교해 동일 점포 매출 성장이 긍정적으로 나타나고 있으며, 이 추세가 4분기와 2025년 1분기까지 계속될 것으로 기대하고 있습니다. 회사는 기존의 선순위 대출과 후순위 채무를 재융자할 계획입니다.
Noble Roman's (OTCQB:NROM) a annoncé une expansion significative de ses franchises non traditionnelles, en particulier dans les magasins de proximité et les zones de repos. L'entreprise prévoit d'ouvrir environ 19 nouveaux points de vente en franchise au 4e trimestre 2024, dont trois nouvelles unités pour Majors Management. Cela porte le nombre total d'ouvertures pour 2024 à environ 70 emplacements.
L'entreprise constitue également une importante réserve d'unités nouvelles prévues pour le 1er trimestre 2025, y compris des emplacements supplémentaires pour Majors Management. Les établissements Craft Pizza & Pub appartenant à l'entreprise affichent une croissance positive des ventes dans les mêmes magasins par rapport à l'année dernière, avec des attentes pour que cette tendance se poursuive jusqu'au 4e trimestre et au 1er trimestre 2025. L'entreprise prévoit de refinancer son prêt senior existant et ses obligations subordonnées.
Noble Roman's (OTCQB:NROM) kündigte eine signifikante Expansion seiner nicht-traditionellen Franchises, insbesondere in Convenience-Stores und Reisepunkten, an. Das Unternehmen erwartet, im 4. Quartal 2024 etwa 19 neue Franchise-Standorte zu eröffnen, darunter drei neue Einheiten für Majors Management. Dies bringt die Gesamtzahl der neuen Eröffnungen für 2024 auf etwa 70 Standorte.
Das Unternehmen baut auch einen beträchtlichen Auftragsbestand neuer Einheiten auf, die im 1. Quartal 2025 eröffnet werden sollen, einschließlich zusätzlicher Majors Management-Standorte. Die von der Firma betriebenen Craft Pizza & Pub-Standorte zeigen im Vergleich zum Vorjahr ein positives Wachstum bei den Umsatzvergleichen der Filialen, und es wird erwartet, dass dieser Trend bis zum 4. Quartal und ins 1. Quartal 2025 anhält. Das Unternehmen plant, seine bestehenden Senior-Darlehen und nachrangigen Anleihen umzuschulden.
- Opening 19 new franchise locations in Q4 2024
- Total of 70 new unit openings expected in 2024
- Positive same-store sales growth in Craft Pizza & Pub locations
- Building significant backlog for Q1 2025 openings
- None.
INDIANAPOLIS, IN / ACCESSWIRE / December 10, 2024 / Noble Roman's, Inc. (OTCQB:NROM), the Indianapolis based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, announced the continued rapid expansion of its non-traditional franchises, primarily in convenience stores and travel plazas. According to the company's current opening schedule, it will open approximately 19 new franchise locations in the fourth quarter of 2024, which includes three new units for Majors Management LLC. As the numbers indicate, the company maintains an extremely diversified sales and new unit pipeline in addition to the multi-unit Majors Management development agreement. With the additional new unit openings in the 4th quarter, the company expects a total of approximately 70 new unit openings in 2024. In addition, the company is building a significant backlog of new units to open in the first quarter of 2025, including several more Majors Management locations.
In addition to the growth in the company's non-traditional segment, at this point in the 4th quarter the company-owned Craft Pizza & Pub locations are running a positive same-store sales increase compared to the same corresponding weeks last year. The company currently expects that trend to continue and expand during the remainder of the 4th quarter and into the 1st quarter of 2025.
As previously reported, the company intends to complete financing to replace its existing senior loan and the subordinated debentures.
The statements contained in this press release concerning the company's future revenues, profitability, financial resources, market demand and product development are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to the company that are based on the beliefs of the management of the company, as well as assumptions and estimates made by and information currently available to the company's management. The company's actual results in the future may differ materially from those indicated by the forward-looking statements due to risks and uncertainties that exist in the company's operations and business environment, including, but not limited to the ability of franchisees to timely prepare their units for scheduled openings, the company's ability to maintain adequate staff for new openings, competitive factors and pricing and cost pressures, non-renewal of franchise agreements or the openings contemplated by the development agreement not occurring, shifts in market demand, the success of franchise programs, including the Noble Roman's Craft Pizza & Pub format, general economic conditions, changes in demand for the company's products or franchises, the company's ability to service and refinance its loans, the impact of franchise regulation, the success or failure of individual franchisees and inflation, other changes in prices or supplies of food ingredients and labor and, as well as the factors discussed under "Risk Factors" contained in this company's Annual Report on Form 10-K for the year ended December 31, 2023. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. If activist stockholder activities ensue, the company's business could be adversely impacted.
FOR ADDITIONAL INFORMATION, CONTACT:
For Media Information: Scott Mobley, President & CEO (smobley@nobleromans.com)
For Investor Relations: Paul Mobley, Executive Chairman (pmobley@nobleromans.com)
Mike Cole, Investor Relations: 949-444-1341 (mike.cole@armaadvisoryservices.com)
SOURCE: Noble Romans, Inc.
View the original press release on accesswire.com
FAQ
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