What was the general and administrative cost for Noodles & Company in 2022 (in thousands)?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
from operations to evaluate performance and make key operating decisions, such as deciding the rate at which we invest resources into the segment.
The following table presents selected financial information with respect to our single reportable segment regularly reviewed by our CODM for 2024, 2023 and 2022 (in thousands):
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue: | ||||
| Restaurant revenue | $ 483,097 | $ | 492,648 | $ 498,359 |
| Franchising royalties and fees, and other | 10,174 | 10,757 | 11,121 | |
| Total segment revenue | 493,271 | 503,405 | 509,480 | |
| Less: | ||||
| Cost of sales | 123,692 | 124,102 | 137,859 | |
| Labor | 154,258 | 157,608 | 155,023 | |
| Occupancy | 46,366 | 45,925 | 45,213 | |
| Other restaurant operating costs | 95,032 | 91,559 | 91,220 | |
| General and administrative | 50,824 | 51,833 | 49,903 | |
| Depreciation and amortization | 29,066 | 26,792 | 23,268 | |
| Pre-opening | 1,543 | 2,215 | 1,662 | |
| Restaurant impairments, closure costs and asset disposals | 20,268 | 8,400 | 6,164 | |
| Total segment expenses | 521,049 | 508,434 | 510,312 | |
| Segment loss from operations | $ (27,778) $ | (5, |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the general and administrative costs for the company in 2022 were $49,903,000. This figure is part of the consolidated statements of operations and reflects the expenses associated with managing the company's overall business activities. These costs do not include items directly related to restaurant operations, such as the cost of sales, labor, or occupancy expenses.
General and administrative expenses typically include salaries for corporate staff, rent for corporate offices, legal and accounting fees, and other overhead costs necessary to support the Noodles & Company business. For prospective franchisees, understanding this figure provides insight into the financial health and operational efficiency of the Noodles & Company franchise system. It's important to note that these costs are distinct from the expenses franchisees will incur in operating their individual Noodles & Company restaurants.
Reviewing the trend of general and administrative costs over the three years presented (2022-2024) can also be valuable. In this case, the general and administrative costs for Noodles & Company were $49,903,000 in 2022, $51,833,000 in 2023, and $50,824,000 in 2024. This information can help potential franchisees assess how efficiently Noodles & Company manages its corporate overhead and whether these costs are increasing, decreasing, or remaining stable over time. Stable or decreasing costs could indicate efficient management, while increasing costs might warrant further investigation.
It is important to consider these figures in the context of Noodles & Company's overall financial performance. While general and administrative costs are a significant expense, they should be evaluated alongside revenue, cost of sales, and other operating expenses to gain a comprehensive understanding of the company's profitability and financial stability. Prospective franchisees should also compare these figures to industry benchmarks to assess whether Noodles & Company's general and administrative costs are in line with similar franchise systems.