Start-Up Costs and Fees |
||
| Boston Pizza Canada | Noodles & Company | |
| Investment | 1145000 - 3017000 | 684000 - 870000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1963 | 1995 |
| Year Franchised | 1968 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boston Pizza Canada | Noodles & Company | |
| Experience | General business 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 |
||
| Boston Pizza Canada | Noodles & Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Boston Pizza Canada | Noodles & Company | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 10-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 70 Absentee ownership of franchise is NOT allowed. | |
Expansion Plans |
||
| Boston Pizza Canada | Noodles & Company | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Franchise Fee | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Royalty Fee | |
| Boston Pizza Canada | 5% |
| Noodles & Company | 5% |
| Advertising Fee | |
| Boston Pizza Canada | 3% |
| Noodles & Company | |
| Year Founded | |
| Boston Pizza Canada | 1963 |
| Noodles & Company | 1995 |
| Year Franchised | |
| Boston Pizza Canada | 1968 |
| Noodles & Company | 1995 |
| Term Of Agreement | |
| Boston Pizza Canada | 10 years |
| Noodles & Company | |
| Renewal Fee | |
| Boston Pizza Canada | 20% of current fee |
| Noodles & Company | |
Business Experience Requirements |
|
| Experience | |
| Boston Pizza Canada | General business experience |
| Noodles & Company | 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 |
|
| Franchise Fees | |
| Boston Pizza Canada | No |
| Noodles & Company | No |
| Start-up Costs | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Equipment | |
| Boston Pizza Canada} | |
| Noodles & Company | |
| Inventory | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Receivables | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Payroll | |
| Boston Pizza Canada | |
| Noodles & Company | |
Training & Support |
|
| Training | |
| Boston Pizza Canada | |
| Noodles & Company | |
| Support | |
| Boston Pizza Canada | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Noodles & Company | |
| Marketing | |
| Boston Pizza Canada | Co-op advertising, Ad slicks, National media, Regional advertising |
| Noodles & Company | |
| Operations | |
| Boston Pizza Canada | 10-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 70 Absentee ownership of franchise is NOT allowed. |
| Noodles & Company | |
Expansion Plans |
|
| US Expansion | |
| Boston Pizza Canada | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Noodles & Company | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Boston Pizza Canada | 0 |
| Noodles & Company | |
| International Expansion | |
| Boston Pizza Canada | |
| Noodles & Company | |