How must the Noodles & Company buyer pay for the inventory?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
At Closing, Seller shall deliver to Buyer the following documents duly executed by Seller:
- 1.a Leases. The Leases.
- 1.b Subleases. The Subleases.
- 1.c Bill of Sale. A bill of sale conveying ownership of the Fixed Assets, Inventory, Permits and Licenses and Change Fund in the form attached hereto as Exhibit 9.3 (the "Bill of Sale").
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, when a seller transfers ownership of a restaurant to a buyer, the seller must deliver to the buyer a bill of sale conveying ownership of the Fixed Assets, Inventory, Permits and Licenses and Change Fund.
The FDD excerpt does not specify the exact payment method the buyer must use to purchase the inventory, or when the payment is due. The FDD only states that the seller will provide a bill of sale conveying ownership of the inventory at closing.
For a prospective Noodles & Company franchisee, it is important to clarify the payment terms for inventory with the seller and franchisor during the transfer process. This includes understanding the acceptable payment methods, the timing of the payment (e.g., at closing or over a period of time), and whether financing options are available. This information is crucial for budgeting and financial planning when acquiring a Noodles & Company franchise.