What is the title of the document that contains the financial statements for Noodles & Company?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT F TO THE FRANCHISE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors of Noodles & Company
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Noodles & Company (the Company) as of December 31, 2024 and January 2, 2024, the related consolidated statements of operations, stockholders' equity (deficit) and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and January 2, 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the financial statements are included in a document titled "EXHIBIT F TO THE FRANCHISE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS". This exhibit includes the report of an independent registered public accounting firm. This report contains their opinion on the consolidated financial statements of Noodles & Company.
The consolidated financial statements include balance sheets as of December 31, 2024 and January 2, 2024. They also include the statements of operations, stockholders' equity (deficit), and cash flows for each of the three years in the period ended December 31, 2024, and related notes.
Prospective franchisees should carefully review these financial statements and notes, along with the independent auditor's opinion, to understand Noodles & Company's financial condition and operating results. This information can help potential franchisees assess the financial stability of the franchisor and the potential risks and rewards of investing in a Noodles & Company franchise.