What was the total value of Noodles & Company's prepaid insurance in 2024, in thousands?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Delivery program receivables | $ 1,306 | $ 1,869 |
| Vendor rebate receivables | 763 | 779 |
| Franchise receivables(1) | 1,127 | 1,043 |
| Other receivables | 862 | 1,453 |
| Accounts receivable | $ 4,058 | $ 5,144 |
(1) Franchise receivables include amounts related to equipment purchased in advance at a discount for franchisees.
Prepaid expenses and other assets consist of the following (in thousands):
| |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the total value of prepaid insurance for the company in 2024 was $950,000. This figure represents the amount Noodles & Company had already paid for insurance coverage extending beyond the end of the 2024 fiscal year. Prepaid insurance is considered an asset on the balance sheet because it represents a future benefit the company will receive.
For a prospective franchisee, understanding the prepaid expenses of Noodles & Company can offer insight into the company's financial management and how it handles its obligations. While franchisees typically manage their own insurance, this information provides a benchmark for assessing typical insurance costs within the Noodles & Company system.
Reviewing these figures over several years, as presented in the table, can reveal trends in Noodles & Company's insurance expenses. This can help potential franchisees anticipate similar costs and plan their own financial strategies accordingly. Additionally, it's important to note that these are Noodles & Company's figures as a whole, and a franchisee's individual prepaid insurance may vary based on location, coverage levels, and other factors.