Dutch Bros bids up to $105M for Salad and Go drive-thru leases via auction
Dutch Bros’ purchase of more than 50 Salad and Go sites is still subject to a court-supervised auction. The defunct chain is seeking approval for procedures to run an auction of about 130 drive-thru leases between Dutch Bros and 7 Brew. Dutch Bros is the proposed buyer for up to 65 leases, including 51 in Arizona and Nevada, for $105 million, with 7 Brew needing to top the bid by $10 million plus a $3.8 million termination fee.
Coverage (5)
- Drama brews as 2 coffee chains fight for Salad and Go locations (phoenixnewtimes.com)
- Dutch Bros Faces 7 Brew Challenge for Salad and Go Bankruptcy Leases (finance.biggo.com)
- Dutch Bros and 7 Brew to Battle for Salad and Go Locations (qsrmagazine.com)
- 7 Brew, Dutch Bros appear set to bid over Salad and Go sites (nrn.com)
- 7 Brew, Dutch Bros appear set to bid over closed Salad and Go sites (finance.yahoo.com)