What was the total amount of franchising royalties and fees, and other revenue for Noodles & Company in 2022?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company records sublease income related to leases for which the Company remains obligated. The Company has entered into transactions to sell company-owned restaurants to franchisees. The lease agreements for those restaurants were assigned to the franchisee, but in some instances, the Company was not relieved of its primary obligations under the main lease, therefore these leases are treated as subleases. The lease income on these locations has been recorded in "Franchising royalties and fees, and other" and the offsetting lease expense has been recorded in "Restaurant impairments, closure costs and asset disposals" in the Consolidated Statement of Operations.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the company records sublease income related to leases for which the company remains obligated. The lease income on these locations has been recorded in "Franchising royalties and fees, and other" in the Consolidated Statement of Operations.
While this excerpt confirms that sublease income is included in "Franchising royalties and fees, and other", it does not specify the total amount of revenue Noodles & Company received from franchising royalties and fees, and other revenue in 2022.
A prospective franchisee should review the company's financial statements for the specific amount of revenue recorded under "Franchising royalties and fees, and other" for 2022. This information is typically found in Item 21 of the FDD.