The Denver Business Journal reports that the Boulder-based restaurant chain, Noodles & Co., is considering going public next year. CEO Aaron Kennedy says that although there are no definitive plans for the company to go public, there is the possibility that it will do so next year. He also explains that the restaurant industry remains strong since the market downturn and that the timing could be right to launch an IPO.
Last year, Noodles launched its franchise program. It entered into agreements with five multi-unit franchisees who plan to build 141 Noodles & Co. stores nationwide. In the nine years that the company has been in operation, it has built 90 company-owned restaurants in nine states.
Posted by franchiselawblog at July 21, 2004 12:26 PM