What were the total long-lived assets for Noodles & Company in 2024 (in thousands)?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
, January 2, 2024 and January 3, 2023 | 4 | | Notes to Consolidated Financial Statements | 5 | | Report of Independent Registered Public Accounting Firm (PCAOB ID: 42) | |
Noodles & Company Consolidated Balance Sheets (in thousands, except share data)
| December 31, 2024 | January 2, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,149 | $ 3,013 |
| Accounts receivable | 4,058 | 5,144 |
| Inventories | 10,500 | 10,251 |
| Prepaid expenses and other assets | 4,156 | 3,879 |
| Income tax receivable | 329 | 337 |
| Total current assets | 20,192 | 22,624 |
| Property and equipment, net | 137,237 | 152,176 |
| Operating lease assets, net | 157,821 | 183,857 |
| Goodwill | 7,154 | 7,154 |
| Intangibles, net |
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 long-term assets as of December 31, 2024, were $304,456 (in thousands). The FDD also provides the figure for the previous year, January 2, 2024, which was $345,471 (in thousands).
For a prospective franchisee, this figure represents the total value of Noodles & Company's long-term assets, which include items like property, equipment, and operating lease assets. These assets are essential for the company's operations and reflect its financial stability and investment in its infrastructure.
The decrease in total long-term assets from January 2, 2024, to December 31, 2024, could be due to depreciation of existing assets, disposal of assets, or changes in lease agreements. A potential franchisee might want to investigate the reasons for this change to better understand the company's financial management and investment strategies.
Understanding the composition and changes in long-term assets can help a franchisee assess the financial health and investment strategies of Noodles & Company. It's a good idea to compare these figures with those of other similar franchise systems to benchmark Noodles & Company's asset management and capital expenditure practices.