Papa Murphy's vs Jeremiah’s Italian Ice
Franchise Comparison 2026
Both Papa Murphy's and Jeremiah’s Italian Ice are quick-service restaurants franchises. Papa Murphy's requires an investment of $367K – $670K while Jeremiah’s Italian Ice requires $295K – $744K. In terms of revenue, Papa Murphy's reports higher average unit revenue at $681K. On SBA loan performance, Jeremiah’s Italian Ice has a lower charge-off rate (0.0%) compared to Papa Murphy's (9.3%). FranchiseVerdict rates Papa Murphy's A (Top Quintile) and Jeremiah’s Italian Ice A (Top Quintile).
| Metric | Papa Murphy's | Jeremiah’s Italian Ice |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $367K – $670K | $295K – $744K |
| Franchise Fee | $25K | $30K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | $681K | $469K |
| SBA Charge-Off Rate | 9.3% (119 loans) | 0.0% (94 loans) |
| Total Units | 1,127 | 163 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1995 | 2019 |
| FDD Year | 2024 | 2025 |
Investment Range
$367K – $670K
$295K – $744K
Franchise Fee
$25K
$30K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
$681K
$469K
SBA Charge-Off Rate
9.3% (119 loans)
0.0% (94 loans)
Total Units
1,127
163
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1995
2019
FDD Year
2024
2025