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(NDLS) – Noodles & Co Plans California Growth By way of Franchise Deal With Warner Meals

  • Noodles & Co (NASDAQ: NDLShas entered right into a partnership with Warner Meals relating to a brand new unique franchise partnership in California. The monetary phrases weren’t disclosed.
  • With a 12-year development plan dedication, Warner Meals, which is able to function as NorCal Noodles LLC (NorCal Noodles) below this settlement, will develop 40 new areas all through the state. 
  • Moreover, all 15 present company-owned Noodles areas in California can be re-franchised to NorCal Noodles. 
  • The corporate expects to shut the transaction on January 12, 2022.
  • “Importantly, this additionally marks the second introduced new franchise settlement in the previous couple of months, reflecting momentum in the direction of our purpose to considerably enhance our franchise areas as a part of our total development plan,” mentioned Noodles CEO Dave Boennighausen.
  • Value Motion: NDLS shares are buying and selling increased by 5.35% at $8.66 on Monday’s final examine.



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