Wild 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

 
Wild Noodles Franchise
Noodles & Company Franchise
Investment $273,500 - $350,000$684,000 - $870,000
Franchise Fee $25,000$35,000
Royalty Fee 5%5%
Advertising Fee --
Year Founded 20011995
Year Franchised 20031995
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 1/2 of current franchise fee-


Business Experience Requirements

 
Wild Noodles Franchise
Noodles & Company Franchise
Experience
  • Past management 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

     
    Wild Noodles Franchise
    Noodles & Company Franchise
      In-House/3rd PartyIn-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

     
    Wild Noodles Franchise
    Noodles & Company Franchise
    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

     
    Wild Noodles Franchise
    Noodles & Company Franchise
    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.