What information must I and my Principal Owners verify and submit to Noodles & Company to be considered for a franchise?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
onsisting of a balance sheet, income statement and statement of cash flows, prepared in accordance with generally accepted accounting principles, for the current fiscal year
- Restaurant level income statements for the last three years and current interim period for other franchise operations owned containing at a minimum a disclosure of net sales, comparables, cost of goods sold, labor, taxes and benefits, controllable expenses, occupancy costs and non-controllable expenses
- Calculation of restaurant same store sales for the last three years and current interim period for all other franchise restaurants owned
All such information shall be verified by you and your Principal Owners as being complete and accurate in all respects, shall be submitted to us in accordance with our requirements and will be relied on by us in determining whether to grant a franchise for the proposed Noodles & Company restaurant. We may refuse to grant you a franchise for a Noodles & Company restaurant; (i) if you fail to demonstrate sufficient financial and management capabilities to properly develop and operate the proposed Noodles & Company restaurant and the then-existing Noodles & Company restaurants you and your Affiliates own; (ii) you have failed to properly develop and operate on a continuous basis the then-existing Noodles & Company restaurants you and your Affiliates own; (iii) you have failed to fully comply with this Agreement and any franchise agreements between you and us, including the Development Schedule within the Development Periods; or (iv) you are ineligible to hold or will be, in our opinion, unable to obtain a liquor license for each Noodles & Company restaurant contemplated by this Agreement. We will evaluate such financial and management capabilities in accordance with the then-current standards we use to establish Noodles & Company restaurants in other comparable market areas. We may also require you to submit a business plan for any proposed site. The absence of any of the failures described in Section 3.03 (i) through (iv) herein is each a condition precedent to any obligation of Noodles & Company to grant a franchise agreement for any proposed site or other performance of this Agreement.
3.04 Grant of Franchise.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, all information provided by you and your principal owners must be verified as complete and accurate. This information must be submitted according to Noodles & Company's requirements and will be used to determine whether to grant a franchise. Noodles & Company may refuse to grant a franchise if you fail to demonstrate sufficient financial and management capabilities to properly develop and operate the proposed Noodles & Company restaurant, or if you fail to properly develop and operate existing Noodles & Company restaurants you and your affiliates own.
Noodles & Company may also deny a franchise if you fail to comply with the franchise agreement, including the development schedule, or if you are ineligible to obtain a liquor license for each Noodles & Company restaurant. The company will evaluate financial and management capabilities based on the standards used to establish Noodles & Company restaurants in comparable market areas. Additionally, Noodles & Company may require you to submit a business plan for any proposed site.
You and your Principal Owners also represent and warrant to Noodles & Company that all statements and materials submitted in connection with your application are accurate and complete, with no material misrepresentations or omissions. You must disclose any direct or indirect legal or beneficial interest in any business that may be deemed a Competitive Business. Furthermore, you must ensure that the execution and performance of the Franchise Agreement does not violate any other agreement to which you or your Owners may be bound.