Paik's Noodle franchise
2025 filing · February 18, 2025Growing
Paik's Noodle at a glance
A quick-casual restaurant serving specialty Chinese-style noodle dishes and side dishes. At the end of 2024 there were 28 Paik's Noodle locations in the US, all franchised.
The business
- Franchisor
- Noodle J-1, Inc
- The company that sells the franchises
- Franchising since
- 2014
- 11 years of selling franchises
- Typical size
- 1,500–3,000 sq ft
What you pay
- Cost to open
- $349K–$475K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 4%
- 4% of net sales, paid weekly
- Brand fund
- None now
- Up to 1% of net sales; currently 0%
- Renewal fee
- See terms
- 50% of the then- current initial franchise fee
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2024
- 28
- Franchised and company-owned
- Franchised
- 28
- Company-owned
- 0
- Change in 3 years
- +13
- Franchised locations, 2022–2024
- States
- 11
- Most in California, Texas and Illinois
Support and records
From Noodle J-1, Inc’s 2025 filing; revenue and net income from its audited financial statements, page 137; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Paik's Noodle among all franchises with the same figure.
| Figure | Paik's Noodle | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $412,000 | Costs more than 56% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 4% | Lower than 93% of brands with a set rate |
| US locationsFranchised and company-owned | 28 | More than 55% of franchises |
How much a Paik's Noodle franchise costs
Opening one Paik's Noodle costs an estimated $349,000 to $475,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($150,000 to $200,000) and additional funds – 3 months ($35,000 to $80,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Real Property/Site Lease | $7,000 | $15,000 | |
| Leasehold Improvements | $150,000 | $200,000 | |
| Equipment & Furniture | $70,000 | ||
| Opening Inventory | $5,000 | $6,000 | |
| Insurance | $7,000 | $10,000 | |
| Signage, Menu Board | $15,000 | $20,000 | |
| Grand Opening Promotion | $5,000 | ||
| Cash Registers (POS)/Other Office Equipment | $5,000 | $15,000 | |
| Initial Training Expenses | $0 | $4,000 | |
| Security Deposit | $15,000 | ||
| Additional Funds – 3 months | $35,000 | $80,000 | |
| Total | $349,000 | $475,000 | |
Source: Noodle J-1, Inc, 2025 filing, page 18
Paik's Noodle franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Noodle J-1, Inc, 2025 filing, page 12
Royalty and ongoing fees
| Royalty | 4% of net sales, paid weekly. |
|---|---|
| Brand or marketing fund | Up to 1% of net sales; currently 0%. |
| Transfer Fee | 50% of the then- current initial franchise fee |
| Renewal Fee | 50% of the then- current initial franchise fee |
| Replacement Manager Initial Training Fee | Presently $300 per day; amount is based on current rate. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Noodle J-1, Inc, 2025 filing, pages 13 and 14
Other fees as filed, from pages 15–16. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Paik's Noodle does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Noodle J-1, Inc, 2025 filing, page 45
- Estimate Estimated yearly sales per location
- $710K–$1.3M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Paik's Noodle franchisees
Lenders approved 3 SBA 7(a) loans for Paik's Noodle franchisees from 2023 to 2025, $1.31M in all. One has been paid in full; none was charged off. The other 2 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2024 / 2022–2024. Typical means the median: half of brands are above it, half below.
| Measure | Paik's Noodle | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +40% / +87% | 0% / +3% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 6.7% | 2.5% / 13% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical restaurant brand is the median of the 301 brands in restaurant franchises with three years of counts.
How Paik's Noodle compares
Of the 813 restaurant franchises on this site, Paik's Noodle is the 334th cheapest to open and the 292nd largest by number of locations.
| Figure | Paik's Noodle | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $349K | $408K | $222K |
| Cost to open, high end | $475K | $866K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 4% | 5% | 6% |
| US locations | 28 | 14 | 21 |
| Shares earnings figures | No | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2022 | 15 (0) | 1 | +1 | −1 |
| 2023 | 20 (+5) | 0 | +5 | 0 |
| 2024 | 28 (+8) | 0 | +8 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Noodle J-1, Inc, 2025 filing, page 46
Where Paik's Noodle locations are
At the end of 2024, Paik's Noodle had franchised locations in 11 states. The most are in California, Texas and Illinois.
- California14
- Texas4
- Illinois2
- Arizona1
- Colorado1
- Georgia1
| State | Franchised |
|---|---|
| California | 14 |
| Texas | 4 |
| Illinois | 2 |
| Arizona | 1 |
| Colorado | 1 |
| Georgia | 1 |
| Massachusetts | 1 |
| New Jersey | 1 |
| Oregon | 1 |
| Utah | 1 |
All 11 states
| Washington | 1 |
|---|
Source: Noodle J-1, Inc, 2025 filing, page 47
Who owns Paik's Noodle?
Paik's Noodle franchises are sold by Noodle J-1, Inc. It is a subsidiary of Born Korea Co.
From Noodle J-1, Inc’s 2025 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Noodle J-1, Inc, 2025 filing, litigation on page 12, bankruptcy on page 12
Paik's Noodle filings
The figures on this page come from Noodle J-1, Inc’s 2025 filing, issued February 18, 2025, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | February 18, 2025 | Minnesota | Costs, fees and locations, 2022–2024 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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