How many company-owned Noodles & Company restaurants were used to calculate the averages and medians in the financial performance representation, and what period does it cover?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
This Statement consists of the averages and medians of 380 Company-owned restaurants open as Company restaurants during the 52-week period ended December 31, 2024 and excludes those restaurants that the Company closed in 2024. This Statement does not include royalties, which a franchisee would have to pay to us, interest on any financing, income taxes, depreciation or amortization, some of which can vary substantially depending on the decisions made to capitalize your business.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 84–89)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the financial performance representation includes data from 380 company-owned restaurants. This data was used to calculate average and median net sales. The financial performance data covers the 52-week period ending on December 31, 2024.
It is important to note that not all Noodles & Company restaurants were included in this calculation. Specifically, restaurants that opened during 2024 were excluded from the average and median net sales calculations because they were not open for the entire 52-week period. Additionally, the statement excludes royalties, interest on financing, income taxes, depreciation, and amortization, which franchisees would typically need to account for.
Prospective franchisees should consider these factors when evaluating the potential financial performance of a Noodles & Company franchise. While the provided data offers insights into the performance of company-owned restaurants, individual results may vary. Franchisees should conduct their own independent investigation of costs and expenses to determine potential net income or profit.