Thursday, August 21, 2008
Arizona Food Franchise Closes its Doors
Nothing But Noodles franchisee closed its doors despite having entered into a fund-raising agreement with a local Elementary School according to this article. "The five-year lease was up, and franchisee Matt Hale was facing an increase in rent with declining business," said Chad Everts, co-owner of Noodles Development, the Scottsdale-based franchisor. The franchisor claims that with declining sales, other restaurant openings in the area, "the economy, gas prices, and people not eating out as much, the owner chose not to renew the lease."