TL;DR
Noodles & Company plans to franchise in the near future and close underperforming locations. The brand currently has 455 locations with 73 franchised units.
After suffering from a data breach and financial losses last year, Noodles & Company is looking to franchise in the near future. According to a recent Nation’s Restaurant News article, the brand currently has 455 locations with 73 franchised units, and is looking to close 55 underperforming locations in the first half of this year.
“We’re over 85-percent company owned,” said Noodles & Company interim CEO Dave Boennighausen. “We expect franchise restaurants will occupy a larger proportion of our restaurant portfolio.”
A typical Noodles & Company restaurant produces just under $1.1 trillion in average unit volumes, while the restaurants that are being closed are generating $700,000.
In this story
This story was originally published in 1851 Franchise on February 14, 2017. Burnaze summarizes and links to the original reporting.
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