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SUBJECT DOSSIER · FDD 2026

Noodles & Company

Quick Service Restaurants · disclosure-honesty grade · from public state filings

Disclosure honesty

B
Transparency 4 / 5

Noodles & Company discloses earnings (Item 19) — but the grade is how honestly. We graded it B.

Outlets423
Disclosed lawsuits1
Closure signals9 ceased
Investment
$1,061,500–$1,707,500
Total fees
9% of sales
Outlets
423
Closure signals
9 ceased, 0 terminated
Lawsuits
1
◢ FINDINGS
ITEM 20
9 outlets ceased operations
9 franchise closures in 2025; 31 company closures signal performance stress.
ITEM 03
1 legal matters disclosed
Litigation in Item 3 signals how the franchisor treats its franchisees.

What their own earnings claim actually says

Discloses 2025 net sales (avg $1.35M, median $1.30M) and company restaurant EBITDA ($163.5K avg, 11.8% margin). Excludes franchisee royalties and operating costs; notes 43.4% units exceeded average.

Is Noodles & Company worth it? — how it compares to 164 similar franchises

Ongoing fees9% of salessteeper than 68% of quick service restaurants franchises
Startup costfrom $1,061,500pricier than 83% of peers
Disclosure honestyGrade Bmore honest than 85% of quick service restaurants franchises
Closure rate2.1% of outletsabout average
Disclosed lawsuits1about average

Benchmarked against every quick service restaurants franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.

◤ CLASSIFIED · ITEM 19 RECONSTRUCTED

Owner take-home for a Noodles & Company

The franchisor's framing: Discloses 2025 net sales (avg $1.35M, median $1.30M) and company restaurant EBITDA ($163.5… We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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Noodles & Company franchise — frequently asked

How much does a Noodles & Company franchise cost?
The FDD lists a total initial investment of about $1,061,500–$1,707,500, including a $35,000 initial franchise fee.
How much do Noodles & Company franchise owners make?
Discloses 2025 net sales (avg $1.35M, median $1.30M) and company restaurant EBITDA ($163.5K avg, 11.8% margin). Excludes franchisee royalties and operating costs; notes 43.4% units exceeded average. We grade this disclosure B for honesty.
What is the Noodles & Company franchise failure rate?
9 franchise closures in 2025; 31 company closures signal performance stress.
Is a Noodles & Company franchise worth it?
It depends on the numbers, not the pitch. Noodles & Company scores B on disclosure honesty, carries about 9% of sales in ongoing fees, and discloses 1 legal matters. Get the real owner take-home before you sign.

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Compare Noodles & Company to similar franchises

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Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Noodles & Company or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.