NOODLES & Co
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
As of December 31, 2024, we and our franchisees operated 463 restaurants in 31 states. Our restaurants are typically between 2,000 and 2,600 square feet and are located in a variety of suburban, collegiate and urban markets. We lease the property for our central support office and all of the properties on which we operate restaurants. The chart below shows the locations of our company-owned and franchised restaurants as of December 31, 2024.
| State | Company-owned | Franchised | Total |
|---|---|---|---|
| Arizona | 8 | — | 8 |
| California | — | 10 | 10 |
| Colorado | 54 | — | 54 |
| Connecticut | — | 5 | 5 |
| Florida | — | 6 | 6 |
| Idaho | 7 | — | 7 |
| Illinois | 51 | 5 | 56 |
| Indiana | 23 | 1 | 24 |
| Iowa | 10 | 2 | 12 |
| Kansas | 9 | — | 9 |
| Kentucky | 1 | 3 | 4 |
| Maryland | 22 | — | 22 |
| Michigan | — | 20 | 20 |
| Minnesota | 45 | 1 | 46 |
| Missouri | 3 | 5 | 8 |
| Montana | — | 2 | 2 |
| Nebraska | — | 5 | 5 |
| Nevada | 1 | — | 1 |
| New York | 1 | — | 1 |
| North Carolina | 9 | 4 | 13 |
| North Dakota | — | 6 | 6 |
| Ohio | 19 | — | 19 |
| Oregon | — | 5 | 5 |
| Pennsylvania | 11 | — | 11 |
| South Carolina | — | 2 | 2 |
| South Dakota | — | 2 | 2 |
| Tennessee | — | 4 | 4 |
| Utah | 16 | — | 16 |
| Virginia | 25 | — | 25 |
| Washington | — | 1 | 1 |
| Wisconsin | 56 | 3 | 59 |
| 371 | 92 | 463 |
We are obligated under non-cancelable leases for our restaurants and our central support office. Our restaurant leases generally have initial terms of 10 years with two or more five-year renewal options. Our restaurant leases may require us to pay a proportionate share of real estate taxes, insurance, common area maintenance charges and other operating costs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.