How many company-owned Noodles & Company locations were acquired by a franchisee in 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| respectively. Franchisees opened three restaurants in 2024, | no | restaurants in 2023 and three in 2022. Seven franchise restaurants |
|---|---|---|
| closed in 2024, three franchise restaurants closed in 2023 and one closed in 2022. In addition, there were six company-owned | ||
| locations acquired by a franchisee in 2024 and 15 acquired by a franchisee in 2022. |
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, in 2024, six company-owned locations were acquired by a franchisee. This information is part of a broader overview of restaurant openings and closures within the Noodles & Company system.
For a prospective franchisee, this indicates that Noodles & Company may offer opportunities to acquire existing company-owned restaurants, which could provide a quicker entry into the franchise system compared to building a new location from the ground up. Acquiring an existing restaurant can come with established customer base and potentially immediate revenue.
However, it's important for potential franchisees to investigate the performance history and condition of any company-owned locations being considered for acquisition. Understanding the reasons why Noodles & Company is selling the location, as well as conducting thorough due diligence, is crucial to making an informed investment decision.