What were the total long-lived assets for Noodles & Company in 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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) $ | (5,029) $ | (832) | |
| Reconciliation: | ||||
| Interest expense, net | 8,381 | 4,803 | 2,445 | |
| Consolidated loss before income taxes | $ (36,159) $ December 31, 2024 | (9,832) $ |
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 total assets, which include long-lived assets such as property, equipment, and operating lease assets, amounted to $368,095 in 2023. This figure is presented in the Consolidated Balance Sheets.
For a prospective franchisee, understanding the total asset value can provide insight into the financial scale and composition of Noodles & Company. Long-lived assets are crucial for the ongoing operations of restaurant locations, and their value reflects the investment in infrastructure and resources necessary to run the business.
It's important to note that this figure represents the total assets for the entire company, not just individual franchise locations. Franchisees should focus on understanding the specific investments required to establish and maintain their own Noodles & Company restaurant, as detailed in other sections of the FDD, such as the initial investment costs and ongoing expenses.