NOBLE ROMANS INC

NOBLE ROMANS INC sells and services franchises and licenses, and operates Company-owned stand-alone restaurants and non-traditional foodservice operations. The company, incorporated in Indiana in 1972, operates under the trade names "Noble Roman's Craft Pizza & Pub," "Noble Roman's Pizza," "Noble Roman's Take-N-Bake," and "Tuscano's Italian Style Subs." References to the "Company" include Noble Roman's, Inc. and its wholly-owned subsidiary, RH Roanoke, Inc., which operates one Company-owned non-traditional location. NOBLE ROMANS INC has been operating, franchising, and licensing Noble Roman's Pizza operations in various stand-alone and non-traditional locations across the country since 1972. The company is currently experiencing significant growth in the number of non-traditional franchised locations. In 1997, the company began franchising non-traditional locations, which are Noble Roman's pizza operations situated within other host businesses or activities that have existing customer traffic, such as hospitals and convenience stores. These locations utilize the two pizza styles the company originated with in 1972, along with its ingredients and menu extensions. Following the COVID-19 pandemic, the company refocused its development plans to concentrate more specifically on selling its Noble Roman's Food Service Program to convenience store operators. The first Noble Roman's Craft Pizza & Pub location opened in 2017 as a Company-operated restaurant in a northern suburb of Indianapolis, Indiana. Between 2017 and 2021, the company opened eight additional Company-operated locations, totaling nine. While the company may open more locations in the future, it currently has no plans to open any more Company-operated locations. These Company-operated locations serve as a base for potential future growth, including franchising its full-service restaurant format to experienced, multi-unit restaurant operators.