What was the reported value of prepaid occupancy related costs for Noodles & Company in 2023?

According to Noodles & Company's 2025 Franchise Disclosure Document, the value of prepaid occupancy related costs in 2023 was $800. This figure represents expenses related to occupancy, such as rent or property taxes, that Noodles & Company paid in advance.

For a prospective franchisee, understanding prepaid costs is crucial for financial planning. These prepaid expenses are considered assets on the balance sheet until the benefit is realized, at which point they are recognized as expenses on the income statement. Monitoring these prepaid costs can help in assessing the company's short-term financial health and efficiency in managing its resources.

It's important to note that prepaid occupancy costs are just one component of the overall financial picture. Franchisees should also consider other prepaid expenses, such as insurance and other assets, to get a comprehensive view of the company's financial obligations and how they are managed. Reviewing these figures over multiple years, as presented in the table, can reveal trends and potential areas of concern or improvement.