Noodles & Company Announces New Franchise Development Deal
Company Signs With Noodle Gang and Plans for New Restaurants in the Orlando and Gainesville Areas
BROOMFIELD, CO--(Marketwire - April 30, 2008) - Noodles & Company, the quick-casual, globally inspired noodle restaurant that serves a balanced menu of freshly sautéed Asian, Mediterranean and American cuisine, today announced a new development agreement with franchise group Noodle Gang to bring Noodles & Company restaurants to the Orlando and Gainesville, Fla. areas.
Under the terms of the agreement, Noodle Gang will open 18 Noodles & Company restaurants in the greater Orlando and Gainesville areas over a six-year-period. The first Noodles & Company restaurant is slated to open in late 2008 and will be the company's first entry into the Florida market.
"We look forward to working with Noodle Gang to introduce our globally inspired, sautéed-to-order noodle bowls, soups and salads to the people in Florida," said Kevin Reddy, president and CEO of Noodles & Company. "As part of our company's mission to nourish and inspire individuals in our local communities, we plan to be an active participant in both Orlando and Gainesville."
Noodles & Company plans to continue its industry-leading growth by expanding its presence in existing markets and entering new areas such as Florida. The Company anticipates opening up to 50 new restaurants (both company-owned and franchise-operated) in 2008, and to exceed 500 restaurants in the next five to six years.
About Noodles & Company
Noodles & Company was founded in 1995 and is the world's first quick-casual, globally inspired noodle restaurant. From healthy to indulgent and spicy to comforting, Noodles & Company's menu features Asian, Mediterranean and American inspired noodle dishes, soups and salads. At Noodles & Company, there are no freezers, no microwaves, and no can openers -- only fresh vegetables, grilled chicken, beef, shrimp or tofu, and sautéed noodles and pasta, all prepared to order in minutes.
Noodles & Company believes you can eat well without compromising on taste or a nourishing meal. In fact, two thirds of its dishes are less than 500 calories. The company's educational Good Balance program was created to help guests make tailored food choices to meet their own balanced diet and needs. The program is supported by an in-store brochure and Web site that provide nutritional content and tips on how to manage calories, fat and sodium; increase daily fiber intake; dine vegetarian and achieve good balance for adults and kids.
Noodles & Company is a tip-free zone and is open seven days a week in more than 170 locations in 16 states. To view a menu and nutritional information, find a location or see what else is going on in Noodleville, visit www.noodles.com.
About Noodle Gang
Noodle Gang is comprised of four unique individuals: Kail Christensen, David Hammon, Stephen Lay and Michael Sansbury. Steve and Michael live in the Orlando area and have extensive backgrounds in the hospitality industry, most recently with the Loews Hotel group. Their experience extends from the construction and development of hotels to the day-to-day operations as well. Kail and David are partners in the "Believe Group," a holding company that specializes in nationwide fundraising and music production/distribution. Kail has varied business interests ranging from real estate development to producing/hosting various television series. They all have one thing in common, a passion for the great food and service that they will provide to their guests in Orlando.