Franchise News
Nation’s Restaurant News: Noodles & Company Looks to Franchising for the Future
Selling 55 company-owned restaurants is step one for interim CEO Dave Boennighause.
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.
Click here to read the full article.
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About the Author
Brigit Larson
FollowBrigit Larson is an 1851 contributor and a graduate of the University of Wisconsin-Madison
