Does Kevin Parker still own Dutch Bros?

Parker currently owns nine Dutch Bros Coffee franchises in the Spokane, Washington area and teaches at Whitworth University's undergraduate and graduate business schools.

Who owns Dutch Bros?

And that's exactly what happened today with the coffee chain Dutch Bros making its public debut, making owner Travis Boersma a person of many commas. We reported last month that the Grants Pass, Oregon-based coffee company with nearly 500 locations across 11 states was going to go public some time in the near future.

Who owns Spokane Dutch Bros?

Kevin Parker, owner of the Dutch Bros. Coffee franchise in Spokane, said in a Facebook post Sunday that two employees were hospitalized, including one who went through extensive surgery.

How many Dutch Bros are in Arizona?

Arizona has more than 50 Dutch Bros.

What does a Dutch Bros franchise cost?

How much does Dutch Bros franchise cost? Dutch Bros has the franchise fee of up to $30,000, with a total initial investment range of $150,000 to $500,000. Initial Investment: $150,000 - $500,000.

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Who owns Dutch Bros in Arizona?

“Dutch Bros Arizona and our 600 local employees are so happy and excited to be able to build our 16th Valley store at this great location,” said local owner, Jim Thompson. This new Dutch Bros location will operate the company's traditional drive-thru model and will be open daily from 5 a.m. to 11 p.m.

Who is Kevin Parker Dutch Bros?

He is a former member of the Washington House of Representatives, having represented the 6th Legislative District from 2009 to 2017. Parker currently owns nine Dutch Bros Coffee franchises in the Spokane, Washington area and teaches at Whitworth University's undergraduate and graduate business schools.

What happened to Dutch Bros Spokane?

SPOKANE, Wash — On Friday afternoon, Chelsea Ross was one of five people working at Dutch Bros. on Freya when a dump truck driver pulling a trailer destroyed their building. "I remember when I got pulled out they thought there was blood all over me, so they cut my pants off," Chelsea said.

Who is the CEO of Dutch brothers?

Joth Ricci

Mr. Ricci is the President and CEO of Dutch Bros Coffee. Prior to joining Dutch Bros in January of 2019, he served as President and CEO of Adelsheim Vineyard, President of Stumptown Coffee Roasters, and CEO of Jones Soda Co.

How much does a Dutch Bros owner make?

How Much Does Dutch Bros Make in Profit? A Dutch Bros store generated about $1.5+ million in revenue based on 2018 metrics. The average profit that a franchise owner can make annually is estimated at $124,000.

What happened to Dutch Bros?

The company's stock is crashing in pre-market trading–down over 39%. After a stellar IPO last year that saw Dutch Bros stock surge as much as 70% shortly after debuting, the popular Oregon-based coffee chain is now seeing its stock get hammered in pre-market trading.

What is Dutch Bros net worth?

Dutch Bros net worth as of June 24, 2022 is $1.46B. Dutch Bros Inc. is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Dutch Bros Inc. is based in GRANTS PASS, Ore.

How much did Dutch Bros sell for?

(Reuters) - Shares of Dutch Bros Inc, which is backed by private equity firm TSG, rose over 41% in their stock market debut on Wednesday, valuing the coffee chain at $5.36 billion. Shares opened at $32.5, compared to the initial public offering price of $23 per share.

Is Dutch Brothers a franchise?

Thank you for your interest! Dutch Bros Coffee no longer offers the option to franchise. Moving forward, all locations are company-owned and regional operator positions are offered exclusively to those within the company, who have shown outstanding employment history and exemplify the culture.

What happened to the Dutch brothers on Freya?

— The man accused of crashing into two buildings on South Freya Street in August 2021, including a Dutch Bros coffee stand with employees inside, has pleaded guilty to vehicular assault. 48-year-old McGavin Medrain was sentenced to 15 months in prison on Wednesday. He was also given 18 months of community custody.

Why is Dutch Bros called Dutch?

Dutch Bros has been around since 1992, when it was founded by Dane and Travis Boersma, two brothers of Dutch ancestry, hence the name. Their family had a dairy farm, but was forced to downsize after three generations. The brothers bought an espresso machine, 100 pounds of bean and a pushcart.

Who owns the most Dutch Bros stock?

Boersma is the company's largest shareholder, with 71.4 million of Class A and B shares, according to the prospectus. TSG Consumer Partners, which acquired a minority stake in Dutch Bros in 2018, is the second largest shareholder, with a 31 percent stake worth nearly $1.9 billion, according to Forbes.

Is Dutch Bros worth investing in?

Dutch Bros is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for BROS' full-year earnings has moved 31.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Is Dutch Bros over valued?

Dutch Bros currently has a market capitalization of over $8.3 billion. That puts the price-to-sales (P/S) ratio at close to 17x, based on 2021 full-year sales. This is relatively high for a low-margin business. For 2021, the company's gross margin was just 30.5%.

How many Dutch Bros franchises are there?

Of its 422 stores, it's split between 247 franchised and 175 company-owned. Despite many coffee chains turning cautious over the pandemic, Dutch Bros. Coffee opened 53 outlets in 2020, owning 42 of them and franchising 11. And it's stepping up expansion in 2021.

Why is Dutch Bros so popular?

Dutch Bros is known for their friendly services. There hasn't been a time where I have seen an employee without a smile on their face. They always ask about your day and like to make small talk while you're waiting for your drink. It makes the waiting go by very quickly!

Is Dutch Bros losing money?

The company lost $16.3 million, triple the $4.8 million it lost in the first quarter of 2021. Investors often expect fast-growing chains like Dutch Bros to lose money while they spend on new stores.