Start-Up Costs and Fees |
||
| Mark's Pizzeria | Noodles & Company | |
| Investment | 125000 - 150000 | 684000 - 870000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | 5% |
| Advertising Fee | ||
| Year Founded | 1982 | 1995 |
| Year Franchised | 1995 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mark's Pizzeria | Noodles & Company | |
| 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 |
||
| Mark's Pizzeria | Noodles & Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mark's Pizzeria | Noodles & Company | |
| Training | As needed | |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Mark's Pizzeria | Noodles & Company | |
| US Expansion | Connecticut, Florida, Georgia, Maryland, North Carolina, New York, Ohio, Pennsylvania, South Carolina, Virginia, Vermont, | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Franchise Fee | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Royalty Fee | |
| Mark's Pizzeria | 3% |
| Noodles & Company | 5% |
| Advertising Fee | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Year Founded | |
| Mark's Pizzeria | 1982 |
| Noodles & Company | 1995 |
| Year Franchised | |
| Mark's Pizzeria | 1995 |
| Noodles & Company | 1995 |
| Term Of Agreement | |
| Mark's Pizzeria | 15 years |
| Noodles & Company | |
| Renewal Fee | |
| Mark's Pizzeria | 1/3 current franchise fee |
| Noodles & Company | |
Business Experience Requirements |
|
| Experience | |
| Mark's Pizzeria | |
| 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 | |
| Mark's Pizzeria | No |
| Noodles & Company | No |
| Start-up Costs | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Equipment | |
| Mark's Pizzeria} | |
| Noodles & Company | |
| Inventory | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Receivables | |
| Mark's Pizzeria | |
| Noodles & Company | |
| Payroll | |
| Mark's Pizzeria | |
| Noodles & Company | |
Training & Support |
|
| Training | |
| Mark's Pizzeria | As needed |
| Noodles & Company | |
| Support | |
| Mark's Pizzeria | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Noodles & Company | |
| Marketing | |
| Mark's Pizzeria | Co-op advertising, Ad slicks, Regional advertising |
| Noodles & Company | |
| Operations | |
| Mark's Pizzeria | Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Noodles & Company | |
Expansion Plans |
|
| US Expansion | |
| Mark's Pizzeria | Connecticut, Florida, Georgia, Maryland, North Carolina, New York, Ohio, Pennsylvania, South Carolina, Virginia, Vermont, |
| 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 | |
| Mark's Pizzeria | |
| Noodles & Company | |
| International Expansion | |
| Mark's Pizzeria | |
| Noodles & Company | |