What was the reported value of accrued payroll and benefits for Noodles & Company in 2024?
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 reported value of accrued payroll and benefits for the company in 2024 was $7,632. This figure reflects the total amount of payroll and benefits expenses that Noodles & Company had incurred but not yet paid as of December 31, 2024.
Accrued expenses like payroll and benefits are a standard accounting practice, representing short-term liabilities on the company's balance sheet. For a prospective franchisee, this indicates the financial obligations Noodles & Company has to its employees for work already performed. It is important to note that this value can fluctuate based on factors such as staffing levels, compensation policies, and the timing of pay periods.
Understanding the accrued payroll and benefits provides insight into the company's short-term financial health and its ability to meet its obligations to employees. While this specific figure may not directly impact a franchisee's operations, it contributes to the overall financial picture of Noodles & Company, which is crucial for assessing the stability and potential risks associated with investing in the franchise.