What was the total amount of Noodles & Company's vendor rebate receivables in 2023, in thousands?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
tion permitted, and may be applied retrospectively. The Company is currently evaluating the impact of adopting the new ASU on its consolidated financial statements and related disclosures.
2. Supplemental Financial Information
Accounts receivable consist of the following (in thousands):
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Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the vendor rebate receivables for 2023 were $779,000. This figure represents the amount Noodles & Company expected to receive from its vendors as rebates. Vendor rebates are a common practice in the franchise industry, where franchisors negotiate discounts or rebates with suppliers based on the collective purchasing power of the franchise system. These rebates can be a significant source of revenue or cost savings for the franchisor.
For a prospective Noodles & Company franchisee, understanding the vendor rebate receivables is important because it can affect the overall cost of goods sold. If Noodles & Company receives substantial rebates from its vendors, it may be able to offer lower prices on supplies and ingredients to its franchisees, which could improve their profitability. Conversely, if the rebates are lower than expected, it could put pressure on the supply chain and potentially increase costs for franchisees.
It's also worth noting that accounts receivable, which includes vendor rebates, also includes delivery program receivables, franchise receivables, and other receivables. In 2023, the total accounts receivable for Noodles & Company was $5,144,000. Franchisees should inquire about the specifics of vendor agreements and rebate programs during their due diligence to fully understand the potential financial benefits and risks associated with these arrangements.