Overview
Dutch Bros is a publicly-held drive-through coffee chain, which started in 1992 as a pushcart in downtown Grants Pass, Oregon and is still headquartered in that city, with both company-owned and franchise locations. The company trades on the NYSE under the symbol BROS. As of June 2021, the company operates approximately 500 stores across 12 states, with more than 260 stores run by franchisees and the rest company-owned. Dutch Bros facilities are drive-through only, so involve very small footprints (typically 950 SF), and typical lease terms are 15 years.