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Updated RecentlyWild Noodles vs Noodles & Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Wild 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 | $273,500 - $350,000 | $684,000 - $870,000 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | - |
| Year Founded | 2001 | 1995 |
| Year Franchised | 2003 | 1995 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 1/2 of current franchise fee | - |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 15
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Wild Noodles
NO LONGER FRANCHISING
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.