Franopolis

    Noodles And

    Franchise research report · reviewed 2026 disclosure data

    Researching Noodles And franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Noodles & Company serves made-to-order noodle and pasta dishes, salads, soups, sandwiches, and other meals inspired by cuisines from around the world. Restaurants operate in a fast-casual format with in-store dining and options for pickup and delivery.

    Headline figures

    Quick facts

    How much does it cost to open a Noodles And franchise?
    The Noodles And Franchise Disclosure Document reports separate estimated initial investments by format: $35,000 for 35,000 cash see item 5 franchise agreement noodles & company total fee to franchisor — 35000 (2026 FDD, Item 7, PDF p. 24); $1,061,500 for total fee to franchisor $35,000 $35,000 total estimated initial investment (13)(14) — 1061500 (2026 FDD, Item 7, PDF p. 24). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Noodles And initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $35,000 (2026 FDD, Item 5, PDF p. 18). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Noodles And charge?
    The disclosed ongoing royalty is $1 (2026 FDD, Item 6, PDF p. 20). The brand or advertising fund contribution is $1 “FMF”) Currently — 1% (2026 FDD, Item 6, PDF p. 19). Other recurring fees are listed in Item 6. Details
    Does Noodles And disclose financial performance (Item 19)?
    Yes. The Noodles And FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 85). Figures apply only to the locations and period each one covers. Details
    How many Noodles And locations are there?
    The FDD reports 846 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 90). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $35,000 (35,000 Cash See Item 5 Franchise Agreement Noodles & Company Total Fee to Franchisor — 35000); $1,061,500 (Total Fee to Franchisor $35,000 $35,000 Total Estimated Initial Investment (13)(14) — 1061500); several initial fee options apply.
    2. 2Item 19 covers 3 separate groups: revenue and other measures for 92 Franchise locations; other measures and costs and EBITDA and profit and revenue for 371 Company locations; other measures and revenue for 371 Company locations. They are not combined.
    3. 3Outlets declined by 80 in 2025, to 846 (UnitedStates, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • 35,000 Cash See Item 5 Franchise Agreement Noodles & Company Total Fee to Franchisor — 35000PDF p. 24$35,000
    • Total Fee to Franchisor $35,000 $35,000 Total Estimated Initial Investment (13)(14) — 1061500PDF p. 24$1,061,500

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 18
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    quired information or if we find an understatement of Net Royalty Sales greater than — 1%Main ongoing fee

    21 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    3 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 92 locations

    Who is counted
    Franchise
    Excluded
    Sourceexcludesopened2025;reports371company/92franchise463despite340/83yearend;33company9franchiseclosures;nontraditionalnotrelevant
    Method
    Unauditednet sales less taxes,couponsdiscountsrefundsemployeeadjustments;adjustedtemporaryclosures;notNetRoyaltySales;notprofit;sourcepopulationinconsistencyretained

    Locations counted: not stated in the reviewed record

    Costs, EBITDA, profit, revenue and other measures · 371 locations

    Who is counted
    CompanyrestaurantP&L
    Excluded
    Closed2025excludedpernote;noRoyalty,interest,tax,depreciation,amortization,headquartersoverhead
    Method
    UnauditedGAAP;sourceexceedpercentdiffers fromsalesdiscussion;laborinclmanagementbenefits;occupancy rentCAMpropertytax;sourceMedianpercent50columns retained;COGSmedian340,.893ambiguousomitted

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 371 locations

    Who is counted
    Company
    Excluded
    Sourceexcludesopened2025;reports371company/92franchise463despite340/83yearend;33company9franchiseclosures;nontraditionalnotrelevant
    Method
    Unauditednet sales less taxes,couponsdiscountsrefundsemployeeadjustments;adjustedtemporaryclosures;notNetRoyaltySales;notprofit;sourcepopulationinconsistencyretained

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    UnitedStates, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 90

    Net −94 outlets, 2023–2025

    0940202392620248462025−14−80

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($35,000 – $1,061,500) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 926 to 846 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 18
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Franchise · PDF p. 85; PDF p. 86
    3. [3]Item 19 — Locations counted not stated in the reviewed record — CompanyrestaurantP&L · PDF p. 87
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Company · PDF p. 86; PDF p. 85
    5. [5]Outlet counts — Item 20, Table 1 · PDF p. 90

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    86 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025operating lease assets and liabilities-$4,111
    2025long-term operating lease liabilities, net$126,924
    2025total liabilities$306,976
    2025income tax receivable$312
    2025operating lease assets, net$126,319
    2025pre-opening$225
    2025goodwill$7,154
    2025total current liabilities$61,845
    2025additional paid-in capital$216,658
    2025loss from operations-$31,589
    2025loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$7
    2025long-term debt, net$108,776
    2025weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,787,255
    2025total revenue$495,089
    2025loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$7
    2025cost of sales$127,168
    2025provision for income taxes$64
    2025deferred tax liabilities, net$316
    2025other long-term liabilities$9,115
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,234
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$3,917
    2025cash and cash equivalents$1,265
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$4,064
    2025inventoriesMore than one value recorded for this year — open the FDD source before comparing$10,218
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$3,034
    2025total current assets$18,893
    2025property and equipment, net$107,359
    2025intangibles, net$420
    2025other assets, net$1,526
    2025total long-term assets$242,778
    2025total assets$261,671
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$16,545
    2025accrued payroll and benefits$7,235
    2025accrued expenses and other current liabilities$11,808
    2025current operating lease liabilities$26,257
    2025accumulated deficit-$227,025
    2025total stockholders’ deficit-$45,305
    2025total liabilities and stockholders’ deficit$261,671
    2025restaurant revenue$485,103
    2025franchising royalties and fees, and other$9,986
    2025labor$153,342
    2025occupancy$44,621
    2025other restaurant operating costs$98,876
    2025general and administrative$49,137
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$27,047
    2025restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$26,262
    2025total costs and expenses$526,678
    2025interest expense, net$10,915
    2025loss before income taxes-$42,504
    2025net loss-$42,568
    2025weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,787,255
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$27,047
    2025deferred income taxes, net$40
    2025restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$22,161
    2025amortization of debt issuance costs$878
    2025stock-based compensation$2,999
    2025income taxes$17
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$171
    2025inventoriesMore than one value recorded for this year — open the FDD source before comparing-$613
    2025accrued expenses and other liabilities-$3,546
    2025net cash provided by operating activities$7,284
    2025purchases of property and equipment-$12,395
    2025net-$6,194
    2025proceeds from borrowings on long-term debt$13,350
    2025payment of finance leases-$1,772
    2025net cash provided by financing activities$5,227
    2025net increase$116
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$280
    2024total current liabilities$65,717
    2024additional paid-in capital$213,818
    2024property and equipment, net$137,237
    2024inventoriesMore than one value recorded for this year — open the FDD source before comparing-$702
    2024operating lease assets, net$157,821
    2024goodwill$7,154
    2024accrued payroll and benefits$7,632
    2024long-term debt, net$100,742
    2024other long-term liabilities$6,769
    2024current operating lease liabilities$32,055
    2024long-term operating lease liabilities, net$156,723
    2024total liabilities$330,227
    2024occupancy$46,366
    2024general and administrative$50,824
    2024franchising royalties and fees, and other$10,174
    2024restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$20,268
    2024loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$6
    2024weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,683,216
    2024weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,683,216
    2024stock-based compensation$3,609
    2024accrued expenses and other liabilities-$633
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$29,066
    2024deferred income taxes, net$21
    2024restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$14,402
    2024debt issuance costs-$902
    2024income taxes$8
    2024net$1,820
    2024purchases of property and equipment-$28,767
    2024proceeds from restaurant refranchising$2,053
    2024net cash provided by financing activities$17,289
    2024net increase-$1,864
    2024deferred tax liabilities, net$276
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing-$1,943
    2024operating lease assets and liabilities-$1,466
    2024cash and cash equivalents$1,149
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$4,058
    2024inventoriesMore than one value recorded for this year — open the FDD source before comparing$10,500
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$4,156
    2024income tax receivable$329
    2024total current assets$20,192
    2024intangibles, net$495
    2024other assets, net$1,749
    2024total long-term assets$304,456
    2024total assets$324,648
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$13,194
    2024accrued expenses and other current liabilities$12,836
    2024accumulated deficit-$184,457
    2024total stockholders’ deficit-$5,579
    2024total liabilities and stockholders’ deficit$324,648
    2024restaurant revenue$483,097
    2024total revenue$493,271
    2024cost of sales$123,692
    2024labor$154,258
    2024other restaurant operating costs$95,032
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$29,066
    2024pre-opening$1,543
    2024total costs and expenses$521,049
    2024loss from operations-$27,778
    2024interest expense, net$8,381
    2024loss before income taxes-$36,159
    2024provision for income taxes$54
    2024net loss-$36,213
    2024loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$6
    2024amortization of debt issuance costs$606
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$1,086
    2024net cash provided by operating activities$7,561
    2024net cash used in investing activities-$26,714
    2024proceeds from borrowings on long-term debt$19,000
    2024payment of finance leases-$2,441
    2023total costs and expenses$508,434
    2023interest expense, net$4,803
    2023net loss-$9,856
    2023other restaurant operating costs$91,559
    2023gain on insurance proceeds received for property damage-$205
    2023loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$2
    2023insurance proceeds received for property damage$243
    2023net cash provided by operating activities$27,495
    2023debt issuance costs-$690
    2023repurchase of common stock-$4,981
    2023inventories-$303
    2023prepaid expenses and other assets-$520
    2023accounts payable$2,206
    2023operating lease assets and liabilities-$1,025
    2023restaurant revenue$492,648
    2023franchising royalties and fees, and other$10,757
    2023total revenue$503,405
    2023cost of sales$124,102
    2023labor$157,608
    2023occupancy$45,925
    2023general and administrative$51,833
    2023depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$26,792
    2023pre-opening$2,215
    2023restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$8,400
    2023loss from operations-$5,029
    2023loss before income taxes-$9,832
    2023provision for income taxes$24
    2023loss per class a and class b common stock, combinedMore than one value recorded for this year — open the FDD source before comparing-$2
    2023weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,732,965
    2023weighted average class a and class b common stock outstanding, combinedMore than one value recorded for this year — open the FDD source before comparing$5,732,965
    2023depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$26,792
    2023deferred income taxes, net$26
    2023restaurant impairments, closure costs and asset disposalsMore than one value recorded for this year — open the FDD source before comparing$3,981
    2023amortization of debt issuance costs$366
    2023stock-based compensation$4,235
    2023accounts receivable$1,201
    2023income taxes-$161
    2023accrued expenses and other liabilities$758
    2023purchases of property and equipment-$52,043
    2023net-$9
    2023proceeds from borrowings on long-term debt$34,500
    2023payment of finance leases-$2,376
    2023net cash provided by financing activities$25,795
    2023net increase$1,490
    2023cash and cash equivalents beginning of year$1,523
    2023end of year$3,013

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

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    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.