Noble Roman's Inc. Overview
Pro stress-test →Noble Roman's is a franchisor, licensor and operator of pizza-focused food service systems throughout the United States. The company operates pizza and sub food service systems for franchisees and operators in venues including entertainment facilities, convenience stores, bowling centers, universities, military bases, and other nontraditional locations.
Strategic Profile
Pro stress-test →Founded in 1972 as a pizzeria on the Indiana University campus, Noble Roman's has pivoted toward a franchise model targeting non-traditional foodservice venues rather than standalone restaurants. After being delisted from NASDAQ, the company launched an aggressive nationwide expansion campaign during the mid-2000s based on franchising. The company operates multiple brands including Noble Roman's Pizza, Craft Pizza & Pub, Take-N-Bake, and Tuscano's Italian Style Subs.
Competitive Landscape
Pro stress-test →Notable competitors include Pizza Hut (previously mentioned as a competitor) and Papa Gino's. In the fast-casual pizza segment, Noble Roman's competes with concepts like Blaze and MOD Pizza. The company's positioning in non-traditional venues differentiates it from traditional pizza chains, though the brand lacks the scale and marketing presence of major QSR pizza operators.
Industry Context
Noble Roman's Inc. operates in Pizza franchising and non-traditional food service.
Key facts
Founded: 1972 · Headquarters: Indianapolis, Indiana · Employees: 11-50 · Revenue: $15.7M (TTM as of Sep 2025) · Market cap: $7.3M