How many Noodles & Company franchise outlets were transferred to new owners in Kentucky during 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Kentucky | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Total | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–97)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, there was one franchise outlet transferred to a new owner in Kentucky during 2023. The table provided in Item 20 outlines the number of transfers of outlets from franchisees to new owners, other than the franchisor, for the fiscal years 2022 to 2024.
Specifically, the data shows that in Kentucky, there were zero transfers in 2022, one transfer in 2023, and zero transfers in 2024. This information is crucial for prospective franchisees as it provides insight into the stability and desirability of Noodles & Company franchises in Kentucky.
Franchise transfers can occur for various reasons, such as the current franchisee deciding to retire, pursue other business ventures, or facing financial difficulties. A low number of transfers may indicate franchisee satisfaction and business stability, while a high number could signal potential issues within the franchise system in that region. It is important to note that this data only reflects transfers to new owners and does not include outlets reacquired by Noodles & Company itself.