What is the transfer fee required by any other agreement between me or my Affiliates and Noodles & Company or our Affiliates?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
rrent standards for approval;
(c) the proposed transferee may not be, or become, an entity, or be, or become, affiliated with an entity, that is a Publicly Held Entity;
(d) the transferee and its owners must agree to be bound by all of the provisions of our then current Area Development Agreement for the remainder of the Term;
(e) the transferee must acquire, in a concurrent transac
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, when transferring rights under an Area Development Agreement, you or the transferee must pay a transfer fee. This fee includes $7,500, plus $3,500 for each Noodles & Company restaurant for which a Franchise Agreement has been executed or is contemplated by the terms of the Area Development Agreement.
In addition to these specified fees, the transfer fee also encompasses any transfer fee required by any other agreement between you or your affiliates and Noodles & Company or its affiliates. The FDD specifies that all costs associated with the transfer are also the responsibility of you or the transferee.
It is important for prospective franchisees to carefully review all agreements with Noodles & Company to understand the potential transfer fees that may apply beyond the base amounts. This ensures a clear understanding of the financial obligations associated with transferring development rights.