What is Noodles & Company seller required to assign to the buyer at closing regarding beverage equipment?

According to the 2025 Noodles & Company Franchise Disclosure Document, prior to closing, the buyer must enter into a Coca-Cola Franchisee Beverage Marketing Agreement and provide the seller with written confirmation. At the closing, the seller is required to assign all of its rights under the lease with Coca-Cola regarding the beverage equipment to the buyer. The buyer must then assume all rights and obligations as the lessee of the beverage equipment from the seller.

This means that a new Noodles & Company franchisee will be taking over the existing beverage equipment lease held by the seller, assuming responsibility for the equipment and the associated lease terms. This transfer ensures continuity of beverage service at the restaurant and outlines the franchisee's obligations regarding the equipment.

It is important for the prospective franchisee to carefully review the terms of the Coca-Cola lease agreement to understand their obligations, including payment terms, maintenance responsibilities, and any other conditions outlined in the lease. This will help avoid any surprises or misunderstandings after the closing. The franchisee should also confirm that the equipment is in good working order prior to assuming the lease.