Noodles & Company Announces Signing of 55-Restaurant California Franchise Agreement with Warner Foods
BROOMFIELD, Colo., January 10, 2022 /PRNewswire/ — Noodles & Company (NASDAQ: NDLS) today announced a partnership with Warner Foods, which operates more than 150 Jack in the Box, Black Bear Diner and Panera Bread restaurants, as the new exclusive franchise partner for the state of California. With a 12-year growth plan commitment, Warner Foods, which will operate as NorCal Noodles, LLC (NorCal Noodles) under this agreement, will develop 40 new Noodles & Company locations statewide. Additionally, as part of the agreement, Noodles & Company’s current 15 locations in California will be re-franchised to NorCal Noodles. The transaction is expected to close on Wednesday, January 12, 2022.
Dave BoennighausenCEO of Noodles & Company, said, “We are delighted to announce our partnership with Warner Foods to further expand our brand in the California Marlet. Importantly, this is also the second new franchise agreement announced in recent months, reflecting momentum towards our goal to significantly increase our franchise locations as part of our overall growth plan. Warner Foods has a proven track record of superior operations coupled with a people and customer-centric culture, making it the perfect fit to bring the Noodles & Company brand to more communities around the world. California. With our business model, on-trend culinary innovation, and our ability to meet the needs of today’s consumer through our offsite and digital assets, position the brand as an attractive growth driver for franchise investment.”
Eddie Nievespartner and operator at Warner Foods, said, “We are delighted to add Noodles to our portfolio of brands. Noodles is one of the strongest brands in the fast-casual space, and over the past two years we’ve seen Noodles emerge. as a leader in its ability to innovate its menu, culture and brand. We are excited for the opportunity to partner with them and further develop Noodles in Californiawhere we are already doing well with our other brands.”
Noodles & Company has entered a phase of rapid growth, expecting seven to nine new openings in the first quarter of 2022 and anticipating unit growth of 8% in 2022 and annual growth of 10% thereafter.
For more information about Noodles & Company and franchise opportunities, please visit Noodlesfranchising.com
About Noodles & Company
Since 1995, Noodles & Company has been serving noodles your way, with noodles and flavors you know and love and new ones you’re about to discover. From indulgent Wisconsin mac and cheese to better-for-you zoodles and other noodles, the company serves up a world of flavor in every bowl. Comprised of more than 450 restaurants and thousands of passionate team members, Noodles was recently named one of America’s Top Employers for 2021 Diversity Awards by Forbes and was named one of America’s Best Places to Work by the Denver Business Journal for its unique culture built on the value of “Loving Life” that begins with nurturing and inspiring every team member and guest who walks through the door. Noodles has also earned Women in the Lead certification for its investment in female empowerment initiatives for its female team members and has proudly partnered with the Multicultural Foodservice & Hospitality Alliance to build cultural intelligence within its teams. To learn more and to find the location nearest you, visit www.noodles.com
Media Contact: Danielle Moore[email protected]
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SOURCE Noodles & Company