Noodles & Company to acquire 16 franchised restaurants

Noodles & Company to acquire 16 franchised restaurants

$13.4 million deal moves operations from franchisee Sagamore Dining Partners

Noodles & Company has agreed to acquire 16 franchised restaurants for about $13.4 million.

The restaurants, which are operated by longtime franchisee Sagamore Dining Partners LLC, are all located in the greater Indianapolis area, and they are expected to remain open during the transition. The deal is expected to close in early July.

Sagamore, which was founded by Mike Lamb, agreed to sell the Indianapolis units in part to help finance a plan to open Noodl

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