What exhibit identifies the 'Leased Property' for a Noodles & Company franchise?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
If we accept a proposed site pursuant to Section 3.02, and you demonstrate the requisite financial and management capabilities (if requested by us) pursuant to Section 3.03 and have satisfied all conditions precedent, then we agree to offer you a franchise to operate a Noodles & Company restaurant at the proposed site by delivering to you our then-current form of franchise agreement, together with all standard ancillary documents (including exhibits, riders, collateral assignments of
leases, Principal Owner guarantees and other related documents) that we then customarily use in granting franchises for the operation of Noodles & Company restaurants in the state in which the Noodles & Company restaurant is to be located ("the Franchise Agreement") subject to the following terms and conditions.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the specific exhibit that identifies the leased property is not explicitly stated. However, Section 3.04 mentions that after Noodles & Company accepts a proposed site and the franchisee demonstrates the required financial and management capabilities, Noodles & Company will offer a franchise agreement along with standard ancillary documents, including exhibits, riders, and collateral assignments of leases. This suggests that the lease details would be part of the franchise agreement and its related documents.
While the FDD does not directly point to a specific exhibit for the leased property, it does indicate that the location of the Noodles & Company Restaurant, referred to as the "Premises", is set forth on the front page of the Franchise Agreement, as stated in Section 2.01. Additionally, Exhibit A is referenced in the context of development rights and fees, but not specifically tied to the leased property itself.
Therefore, a prospective Noodles & Company franchisee should carefully review the Franchise Agreement and all its exhibits to find the specific documentation related to the leased property. It would be prudent to ask the franchisor directly which exhibit contains the lease details to ensure clarity and avoid any misunderstandings.