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Noble Roman's, Inc. (NROM)

Noble Roman's, Inc. sells and services franchises and licenses for non-traditional foodservice operations and stand-alone take-n-bake locations. Its business model consists of three growth venues. These are Grocery Take-n-Bake Licensing; Non-Traditional Franchising; and Stand-Alone Franchising.

The company franchises and licenses under the Noble Roman's Pizza, Noble Roman's Take-N-Bake, Tuscano's Italian Style Subs, and Noble Roman's Craft Pizza & Pub (CPP) trade names. Listed on the OTCQB, Noble Roman's has its corporate headquarters in Indianapolis, Indiana.

Noble Roman's Craft Pizza & Pub (CPP) features two styles of hand-crafted, made-from-scratch pizzas with a selection of 40 different toppings, cheeses, and sauces. In addition, beer and wine is featured, with 16 different beers on tap.

The company has awarded franchise and/or license agreements in all 50 U.S. States plus Washington, D.C. Additionally, it has awarded franchise and/or license agreements in Canada, Puerto Rico, the Bahamas, Italy, and the Dominican Republic.

Grocery Take-n-Bake Licensing involves licensing of individual Groceries to sell Noble Roman's Pizza. This is a component program using Noble Roman's ingredients, in which delis assemble pizzas from standard Noble Roman's ingredients.

Pertaining to Stand-Alone Venues, these are traditional pizzeria locations and Take-n-Bake locations. There is a merging over time between the kinds of Stand-Alone Venues: Live Yeast Dough; Hand-Rolled Breadsticks; and Baking Services.

Regarding Non-Traditional Venues, these are usually located in a host facility whose principal business is other than foodservice. These facilities can add pizza-focused foodservice as a Revenue Center; as a Facility Draw; and as an Employee Benefit. Example kinds of locations include Bowling Centers; Convenience Stores; Walmart®/Retail Centers; Hospitals; Entertainment Facilities; as well as Military Bases.

Recently, Noble Roman's announced that the third of its new-generation, stand-alone pizzerias (Noble Roman's Craft Pizza & Pub (CPP)) has also surpassed its opening 7-day sales target. Opening on January 18, 2018, the first seven-day total sales volume was $36,605, closely in line with the previous two locations. Noble Roman's newest CPP location is in Fishers, Indiana on Allisonville Road just north of 116th Street.

The first Noble Roman's CPP opened on January 31, 2017 in Westfield, Indiana in the Monon Marketplace on Main Street/Highway 32 across from Grand Park. The second CPP opened on November 17, 2017 in Whitestown, Indiana, just off I65 in Anson Village. The fourth company-owned and operated CPP is on rack to open this spring.




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