What is the condition for a buyer to be approved as a Noodles & Company franchisee, or for expansion if they are already a franchisee?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.d Franchisee Approval. Buyer shall have been approved, in Seller's sole discretion, as a Noodles & Company franchisee or, if Buyer already is a Noodles & Company franchisee, Buyer shall have been approved, in Seller's sole discretion, for expansion; provided that, as a condition precedent to Seller's consideration as to whether to grant such approval, Buyer shall have delivered to Seller all documentation and information requested by Seller.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, if a buyer seeks approval as a new franchisee or an existing franchisee wants approval for expansion, Noodles & Company has sole discretion over the approval. However, as a condition precedent to Noodles & Company even considering whether to grant such approval, the buyer must first deliver all documentation and information requested by Noodles & Company.
This means that simply submitting an application is not enough. The prospective franchisee or existing franchisee seeking expansion must proactively provide all documents and information that Noodles & Company requests. This could include financial statements, business plans, and other relevant materials that demonstrate the buyer's ability to successfully operate a Noodles & Company franchise.
The approval is not guaranteed even if all requested documents are submitted. Noodles & Company retains the sole discretion to approve or deny the application. This highlights the importance of presenting a strong case and meeting all of Noodles & Company's requirements to maximize the chances of approval. Prospective franchisees should clarify with Noodles & Company exactly what documentation and information is needed to ensure they meet this condition precedent.