Mr. Jims Pizza vs Noodles & Company Franchise Comparison

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

Start-Up Costs and Fees

 
Mr. Jims Pizza Franchise
Noodles & Company Franchise
Investment $70,000 - $100,000$684,000 - $870,000
Franchise Fee $11,000$35,000
Royalty Fee 6%5%
Advertising Fee 4%-
Year Founded 19751995
Year Franchised 19811995
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Mr. Jims Pizza Franchise
Noodles & Company 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

 
Mr. Jims Pizza Franchise
Noodles & Company Franchise
  In-House/3rd PartyIn-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

 
Mr. Jims Pizza Franchise
Noodles & Company Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Mr. Jims Pizza Franchise
Noodles & Company Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion No-

Company Overviews

About Mr. Jims Pizza

Mr. Jim's Pizza is a chain of pizza delivery and pick-up restaurants.

 Great products - perfected since 1976
 Very low cost to entry
 Big savings on food costs
 First 21st Century Pizza Chain Strong brand and advertising support
 Approved Small Business Administration (SBA) franchisor

All of our fresh hand-stretched dough is made fresh every day in every store. Our Original™ style pizzas have more fresh toppings than any of our competitors. With each bite of an Original, you'll taste all the toppings, sauce and crust, whether it's our Sticky Fingers Pizza (loaded with eight toppings) or any of our create your own, specialty and premier pizzas.

But as the times have changed, so have we. Not everyone likes thick crust and many people are price conscious. So, in 2011 we launched our new Pizza D'Lish line, with thinner crust and a nice balance of toppings. In most of our stores, all large D'Lish pizzas sell for just $7.99. This product has been a fantastic addition to our full product line and has improved sales even during the down economy.



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.