NOODLES & Co
For the period ended Dec 30, 2025. Filed Mar 26, 2026.
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FY2025 · Filed Mar 26, 2026
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Item 2. Properties
As of December 30, 2025, we and our franchisees operated 423 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 restaurant support center 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 30, 2025.
| State | Company-owned | Franchised | Total |
|---|---|---|---|
| Arizona | 9 | — | 9 |
| California | — | 7 | 7 |
| Colorado | 50 | — | 50 |
| Connecticut | — | 4 | 4 |
| Florida | — | 4 | 4 |
| Idaho | 6 | — | 6 |
| Illinois | 44 | 5 | 49 |
| Indiana | 20 | 1 | 21 |
| Iowa | 9 | 2 | 11 |
| Kansas | 9 | — | 9 |
| Kentucky | 1 | 3 | 4 |
| Maryland | 19 | — | 19 |
| Michigan | — | 19 | 19 |
| Minnesota | 43 | 1 | 44 |
| Missouri | 2 | 5 | 7 |
| Montana | — | 2 | 2 |
| Nebraska | — | 5 | 5 |
| Nevada | 1 | — | 1 |
| New York | 1 | — | 1 |
| North Carolina | 8 | 2 | 10 |
| North Dakota | — | 6 | 6 |
| Ohio | 16 | — | 16 |
| Oregon | — | 5 | 5 |
| Pennsylvania | 9 | — | 9 |
| South Carolina | — | 2 | 2 |
| South Dakota | — | 2 | 2 |
| Tennessee | — | 4 | 4 |
| Utah | 15 | — | 15 |
| Virginia | 23 | — | 23 |
| Washington | — | 1 | 1 |
| Wisconsin | 55 | 3 | 58 |
| 340 | 83 | 423 |
We are obligated under non-cancelable leases for our restaurants and our restaurant support center. 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.
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