Noodles & Company vs Pho Hoa Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Noodles & Company vs Pho Hoa including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Noodles & Company Franchise
Pho Hoa Franchise
Investment $684,000 - $870,000$332,600 - $680,180
Franchise Fee $35,000$30,000
Royalty Fee 5%4%
Advertising Fee -2%
Year Founded 19951983
Year Franchised 19951992
Term Of Agreement --
Term Of Agreement --
Renewal Fee -


Business Experience Requirements
 
Noodles & Company Franchise
Pho Hoa Franchise
Experience TO BE CONSIDERED AS A CANDIDATE, you or your partnership must meet the following criteria: -Be Passionate about the Noodles & Company Brand -Understand and appreciate our food, team and culture -Driven to provide an exceptional dining experience to our guests -Embrace Shared Values -An insatiable learner who’s entrepreneurial, enthusiastic and driven to succeed -Willingness to Become Proficient in all Aspects of Running a Noodles & Company Restaurant -Possess Significant Business Experience -Successful business ownership or a history of business leadership -Demonstrated ability in developing and leading teams, managing operations and delivering financial results -Ability to develop and execute a multi-unit development and operational business plan -Live in and Understand the Market to be Developed -Personal understanding of the market to be developed -Commitment to devote full-time resources and the partnership’s best efforts to day-to-day operations -Possess Financial Resources Necessary to Capitalize Your Business For 3 to 5 restaurants Minimum liquid cash or available assets of $1,500,000; net worth $3,000,000 For 5 to 8 restaurants Minimum liquid cash or available assets of $2,500,000; net worth $4,000,000 For more than 8 restaurants Minimum liquid cash or available assets of $3,500,000; net worth $5,000,000 Ability to borrow funds or have access to additional capital to fund development-

Financing Options
 
Noodles & Company Franchise
Pho Hoa Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Noodles & Company Franchise
Pho Hoa Franchise
Training - On-the-job training: 50 hours Classroom training: 40 hours
Support --
Marketing --
Operations --

Expansion Plans
 
Noodles & Company Franchise
Pho Hoa Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Noodles & Company

Here's what we're looking for: * A typical Area Development Agreement requires the build out of 15-20 restaurants in 5-7 years. In certain markets, smaller territories and the criteria for such, will be considered on a case by case basis. * SIGNIFICANT Business Experience -- successful ownership, minimum of 5 years multi-unit restaurant experience in a leadership role * LIVE in the market to be developed -- be committed to personally devoting full-time, best efforts to day-to-day operations * An ENTREPRENEURIAL Spirit -- strong desire to succeed in the restaurant business * RESOURCES AND INFRASTRUCTURE to meet aggressive development schedule -- ability to develop and execute a business plan * REAL ESTATE experience in the market to be developed * PASSIONATE about Noodles & Company: Our food, our staff and our culture -- driven to provide an exceptional dining experience to our guests * SHARED VALUES -- an insatiable learner who's enthusiastic, humble, friendly and driven; willing to become proficient in all asects of running a Noodles & Company restaurant * Ability to meet the FINANCIAL REQUIREMENTS -- net worth of $5,000,000; liquid cash or available assets $2,000,000

The total investment necessary to begin operation of a Noodles & Company restaurant ranges from $684,000 to $870,000. This includes a $35,000 franchise fee that must be paid to the franchisor, but does not include the ongoing cost of buying or renting the business location.
The franchisor also requires a non-refundable development fee of $35,000 for the first Noodles & Company restaurant contemplated to be opened by you and $10,000 for each additional Noodles & Company restaurant you have agreed to open under an Area Development Agreement.

About Pho Hoa

    Established in 1983 in California, Pho Hoa Noodle Soup offers a simple and proven business model. As a franchisee, you will be provided with the training tools, international brand strength, and ongoing marketing and operational support needed from beginning through your entire business ownership.                                                                                                                          

Why Pho Hoa Noodle Soup?
     The balance of providing Vietnamese culinary tradition and what is becoming a mainstream cuisine is what makes Pho Hoa Noodles Soup a great business decision. In addition to three decades of experience and international brand recognition, Pho Hoa Noodle Soup serves quality, consistent and superior, healthy products that are in tune with the times. With more people realizing the importance of living a healthier lifestyle, they've modernized how they prepare their soups while sticking to important traditional Vietnamese flavors.
Pho Hoa Noodle Soup is the only Vietnamese cuisine franchise outside of Asia. Their innovation and ability to adapt to financial and social times has ranked them the top 400 largest American restaurant chains. With low start-up costs, simple and flexible operations, they provide an appetizing business opportunity.