What was the reported accrued bonus liability for Noodles & Company in 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Leasehold improvements | $ 230,211 | $ 232,060 |
| Furniture, fixtures and equipment | 177,070 | 176,872 |
| Construction in progress | 4,463 | 6,426 |
| 411,744 | 415,358 | |
| Accumulated depreciation and amortization | (274,507) | (263,182) |
| Property and equipment, net | $ 137,237 | $ 152,176 |
Accrued payroll and benefits consist of the following (
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the accrued bonus liability for 2023 was $698. This figure represents the amount of bonus compensation that Noodles & Company had earned but not yet paid out to its employees as of the end of the 2023 fiscal year.
Accrued liabilities are a common accounting practice, especially for employee compensation like bonuses. The accrued bonus liability can fluctuate year to year based on company performance, bonus plan structures, and the number of employees eligible for bonuses.
For a prospective Noodles & Company franchisee, this specific figure may not have a direct impact on their operations. However, it provides insight into how Noodles & Company manages its finances and compensates its employees, which can be an indicator of the company's overall financial health and management practices. Reviewing these figures over several years can reveal trends and potential areas of concern or strength.