What were the other restaurant operating costs for Noodles & Company in 2022 (in thousands)?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
from operations to evaluate performance and make key operating decisions, such as deciding the rate at which we invest resources into the segment.
The following table presents selected financial information with respect to our single reportable segment regularly reviewed by our CODM for 2024, 2023 and 2022 (in thousands):
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue: | ||||
| Restaurant revenue | $ 483,097 | $ | 492,648 | $ 498,359 |
| Franchising royalties and fees, and other | 10,174 | 10,757 | 11,121 | |
| Total segment revenue | 493,271 | 503,405 | 509,480 | |
| Less: | ||||
| Cost of sales | 123,692 | 124,102 | 137,859 | |
| Labor | 154,258 | 157,608 | 155,023 | |
| Occupancy | 46,366 | 45,925 | 45,213 | |
| Other restaurant operating costs | 95,032 | 91,559 | 91,220 | |
| General and administrative | 50,824 | 51,833 | 49,903 | |
| Depreciation and amortization | 29,066 | 26,792 | 23,268 | |
| Pre-opening | 1,543 | 2,215 | 1,662 | |
| Restaurant impairments, closure costs and asset disposals | 20,268 | 8,400 | 6,164 | |
| Total segment expenses | 521,049 | 508,434 | 510,312 | |
| Segment loss from operations | $ (27,778) $ | (5, |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the company's other restaurant operating costs for the fiscal year 2022 were $91,220 (in thousands). This figure is part of the consolidated statements of operations, reflecting the expenses incurred in running Noodles & Company restaurants. These costs are a component of the total segment expenses, which also include cost of sales, labor, occupancy, general and administrative expenses, depreciation and amortization, pre-opening costs, and restaurant impairments, closure costs, and asset disposals.
For a prospective franchisee, understanding these operating costs is crucial for financial planning and assessing the potential profitability of a Noodles & Company franchise. The "other restaurant operating costs" category typically includes expenses such as utilities, repairs and maintenance, marketing, and other day-to-day costs associated with running the restaurant. Knowing the magnitude of these costs in relation to revenue can help franchisees budget effectively and manage their cash flow.
It's important to note that these figures represent the consolidated results for Noodles & Company, which includes both company-owned and franchised locations. Individual franchise locations may experience different operating costs based on factors such as location, local market conditions, and management practices. Therefore, prospective franchisees should conduct their own due diligence and consider these factors when evaluating the financial viability of a Noodles & Company franchise.