What is the deadline for the Noodles & Company buyer to deliver the business plan to the seller after the effective date?

According to the 2025 Noodles & Company Franchise Disclosure Document, the buyer in a franchise transfer agreement must deliver a business plan to the seller. The business plan must be in a form and substance reasonably satisfactory to the seller.

Specifically, the delivery of the business plan is a condition that must be met before the closing date of the transaction. The FDD states that the seller must have received the business plan, along with any other information required under Section 5.9 of the agreement, and all of it must be satisfactory to the seller.

This requirement ensures that the seller is confident in the buyer's ability to successfully operate the Noodles & Company franchise after the transfer. It also protects the Noodles & Company brand by ensuring that new franchisees meet the franchisor's standards. A prospective franchisee should clarify with Noodles & Company the specific requirements for the business plan to ensure compliance.