Noble Roman's, Inc. announced the signing of a Development Agreement with Majors Management, LLC for 100 new Noble Roman's franchise locations. Majors is one of the recognized leaders in the southeastern United States at developing, operating and supporting convenience stores and larger travel plazas. Development of the new Noble Roman's locations will begin in the next few weeks and Majors has committed to having 31 locations open by June 30, 2024, 50 locations open by December 31, 2024, with the remainder of the 100 locations to be open on or before September 30, 2026.

The new locations can be developed throughout the 48 contiguous states, but the greater concentration of locations will be in Texas, Alabama, Georgia and Tennessee. Majors paid an upfront fee for the development agreement and will be paying ongoing weekly royalties on sales as each location opens. In the last few years Majors and their forward-looking management team have successfully integrated numerous acquisitions, including the most recent of over 200 Mapco Express units under contract expected to close on November 1, 2023.

This makes the total number of locations owned by Majors more than 800, with more than 600 additional locations distributed by Majors. In the future, Majors plans on expanding Noble Roman's into well beyond the 100 locations now included in the current development agreement.