| ||||
Updated Recently3 Tomatoes & A Mozzarella vs Noodles & Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 3 Tomatoes & A Mozzarella vs Noodles & Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $452,000 - $600,000 | $684,000 - $870,000 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | - |
| Year Founded | 2000 | 1995 |
| Year Franchised | 2003 | 1995 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | $10K | - |
Business Experience Requirements |
||
| 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 |
||
| 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 |
||
| Training | - | - |
| Support | Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | - | - |
| Operations |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 30 - 30
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About 3 Tomatoes & A Mozzarella
3 Tomatoes & a Mozzarella is a unique Tuscan-inspired restaurant with locations in Scottsdale, Arizona, Owasso, Oklahoma and coming soon to Las Vegas, Nevada. 3 Tomatoes and a Mozzarella offers mouth-watering pizzas as well as delicious paninis, tasty pastas, fresh salads and scrumptious desserts. Ingredients are brought in daily so everything is fresh. Most of the ingredients are sautéed or roasted before being incorporated onto our pizzas and pastas. Everything we serve is prepared in our kitchen. We prepare all of our own pizza and pasta sauces, pizza dough and breads, salad dressings, and desserts. We have redefined the neighborhood pizza concept. Come join us today to see what makes us so unique.”
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.