What was the general and administrative cost for Noodles & Company in 2023 (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 |
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 expenses for 2023 were $51,833,000. This figure is part of the consolidated statements of operations, reflecting the costs associated with managing the company's overall activities and resources. These expenses are reported in thousands of dollars, consistent with the presentation of other financial data in the document.
General and administrative costs typically include salaries for corporate staff, rent for corporate offices, legal and accounting fees, and other overhead expenses necessary to support the Noodles & Company business. For a prospective franchisee, understanding these costs is crucial as it provides insight into the financial health and operational efficiency of the company. While franchisees are not directly responsible for these costs, the franchisor's ability to manage them effectively can impact the overall stability and support provided to franchisees.
Reviewing the trend of general and administrative expenses over the three years presented (2022-2024) can also be beneficial. 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 allows potential franchisees to assess how efficiently Noodles & Company manages its resources and whether these costs are increasing, decreasing, or remaining stable over time. A stable or decreasing trend may indicate effective cost management, while a significant increase could raise concerns about the company's financial performance.