Under the Noodles & Company Area Development Agreement, what is Exhibit A related to?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
You must have open and operating continuously in the Development Area in accordance with and pursuant to Franchise Agreements, that cumulative number of Noodles & Company restaurants set forth in Exhibit A by the corresponding dates set forth therein ("Development Schedule").
During the Term, and provided you and your Affiliates are in compliance with this Agreement and all other agreements with us or any of our Affiliates (including Franchise Agreements signed pursuant to this Agreement), we will: (i) grant to you, in accordance with Section 3, that cumulative number of franchises for Noodles & Company restaurants set forth in Exhibit A, all of which are to be located within the geographical area described in Exhibit A and within the specific trade areas as agreed to by us and you therein ("the Development Area"); and (ii) not operate (directly or through an Affiliate), nor grant the right to operate, any Noodles & Company restaurants located within the Development Area, except for: (1) franchises granted pursuant to this Agreement; (2) Noodles & Company restaurants open (or under lease, construction, or other commitment to open) as of the date hereof; and (3) as set forth below in Sections 2.02(d) and (e).
Unless sooner terminated in accordance with Section 8, the term of this Agreement (the "Term") starts on the date hereof and expires on the earlier of the expiration date set forth in Exhibit A or the date upon which Area Operator opens for operation the cumulative number of Noodles & Company restaurants in the Development Area (as such term is defined in Section 2.02 hereof) set forth in Exhibit A. At the time you sign this Agreement, you must pay us the nonrefundable Development Fee ("Development Fee") set forth in Exhibit A.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, Exhibit A to the Area Development Agreement outlines the development schedule, the term of the agreement, and the development fee. Specifically, it details the cumulative number of Noodles & Company restaurants the Area Operator is obligated to open by certain dates. It also defines the expiration date of the agreement and the nonrefundable development fee required upon signing the agreement.
Exhibit A also geographically defines the area in which the franchisee is allowed to develop Noodles & Company restaurants. The franchisee must open and operate a specific number of restaurants by certain dates, as outlined in Exhibit A, according to the Development Schedule.
Prospective Noodles & Company franchisees should carefully review Exhibit A to understand their development obligations, the associated costs, and the timeline for opening restaurants within their designated area. Failure to meet the development schedule, as outlined in Exhibit A, could result in a material breach of the Area Development Agreement.