Dutch Bros Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Item 2. Properties
As of December 31, 2023, we had 542 company-operated and 289 franchise shops with 831 total shops in 16 states. The chart below shows our properties by state as of December 31, 2023.
In addition to our company-operated shops, we own and lease the following facilities:
| Location | Primary Function(s) | Square Feet | Owned or Leased |
|---|---|---|---|
| Grants Pass, Oregon | Corporate headquarters | 16,000 | Owned |
| Grants Pass, Oregon | Headquarters office space | 26,000 | Leased |
| Grants Pass, Oregon | Roasting and packing facility | 36,000 | Owned |
| Grants Pass, Oregon | Roasting and warehouse facility | 21,000 | Leased |
| Grants Pass, Oregon | Aircraft hangar and transportation operations | 84,000 | Leased |
| Scottsdale, Arizona | Office space | 7,000 | Leased |
Our principal executive offices are located at 110 SW 4th Street, Grants Pass, Oregon, 97526. We believe our current facilities are suitable for our near term needs, and expect to add additional capacity related to the planned shift of approximately 40% of our total support staff to Arizona. In addition, we expect to continue to add additional capacity on an as-needed basis. We are in the process of constructing a roasting facility in Texas to service our shops in new markets as we expand eastward, in line with our growth strategy.
For additional information regarding leases, see NOTE 2 — Basis of Presentation and Summary of Significant Accounting Policies and NOTE 8 — Leases in our consolidated financial statements, included elsewhere in this Form 10-K.
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