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Built with precision for the QSR industry

The Database/FAST CASUAL

Noodles & Company

NDLS · EST. 1995 · Broomfield, Colorado

+ CompareFDD notes
US UNITS735+6.5% YOY
GLOBAL UNITS735
AUV (US)$1.7M
INVESTMENT RANGE$530K–$1.4M
FRANCHISED %90%

01The Read

Global noodle dishes from Asian to Mediterranean cuisines

FIG 1 — US UNIT COUNT, 2019–2025
499
2019
528
2020
565
2021
614
2022
644
2023
690
2024
735
2025

SOURCE: QSR PRO ESTIMATES

02Our Coverage

6 STORIES
15% of U.S. Restaurants Face Closure Risk in 2026, BBI Data ShowsMAR 24, 2026The Great Restaurant Stock Divergence: Why CAVA and Wingstop Trade at Premium Multiples While Legacy Chains StallMAR 24, 2026The Great QSR Bifurcation: Why the Gap Between Winners and Losers Is Widening in 2026MAR 24, 2026The Global QSR Market Is on Track to Hit $520 Billion by 2033: Where the Growth Actually LivesMAR 24, 2026Noodles & Company Is Doubling Its Planned Closures. Can It Stay Above 400 Locations?MAR 24, 2026Sweetgreen's Sour Turn: Same-Store Sales Crater 11.5% as the Salad Bowl Bubble DeflatesMAR 24, 2026
FDD Fact Sheet · 2025
FRANCHISE FEE
—
ROYALTY
5%
AD FUND
—
TERM
10 YRS
LIQUIDITY
—
NET WORTH
—

Segment Peers

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