When must the Noodles & Company buyer pay for the inventory if there is no disagreement?

According to Noodles & Company's 2025 Franchise Disclosure Document, if the buyer of a Noodles & Company restaurant does not disagree with the seller's valuation of the inventory, the buyer must pay for the inventory within twenty days after the closing date. This payment must be made in cash or other immediately available funds.

Prior to this payment, approximately two weeks before the closing date, representatives from both the buyer and seller will conduct a physical inventory of all items at the Noodles & Company restaurant. The value of the inventory will then be mutually agreed upon before the closing date. The seller will provide a written document detailing the inventory and its value to the buyer.

The buyer then has five business days to review this document and the seller's work papers to verify the accuracy and fairness of the inventory's valuation. If the buyer fails to provide written notice of disagreement within this five-day period, the seller's valuation becomes binding, and the buyer must make the full payment within the subsequent twenty-day timeframe after closing.