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Updated RecentlyNothing But Noodles vs Noodles & Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Nothing But Noodles vs Noodles & Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $408,500 - $555,300 | $684,000 - $870,000 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | - |
| Year Founded | 2001 | 1995 |
| Year Franchised | 2002 | 1995 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | The minimum financial requirements are a net worth of $1,000,000 and $350,000 in liquid assets. Nothing but Noodles seeks solid, experienced business individuals or partners who are interested in owning and operating their own restaurant business. Franchise owners are ideally hands-on individuals, experienced in full service or QSR restaurants, who take pride in building their own business and serving a quality product in their respective communities. If you do not have previous restaurant experience, we will require you to join with an operating partner or hire an experienced manager that will own an equity portion of the business entity. Total commitment is critical to achieving and maintaining successful restaurants in our system. | 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Nothing But Noodles
Over the years, as franchisees, the partners of Nothing But Noodles have invested in several different concepts and have had both positive and negative experiences. They have had many successes and, on occasion, disappointments. They have had great support from the franchisor and in some circumstances no support at all. The partners have experienced every situation possible as franchisees, ranging from nitpicked, pressured and mislead to respected, praised and awarded. Needless to say, they know the intricacies of franchising, mistakes to avoid, what works and what doesn’t. They know what your concerns are and have built a company that places your needs first. The partners know that their success is achieved through your success and are confident that Nothing But Noodles is a quality concept that you will be proud to be a part of.
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.