BJs RESTAURANTS INC
For the period ended Jan 2, 2024. Filed Feb 27, 2024.
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FY2024 · Filed Feb 27, 2024
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Item 2. PROPERTIES
RESTAURANT LOCATIONS
As of February 27, 2024, we owned and operated a total of 216 restaurants located in the following 30 states:
| Number of Restaurants | |
|---|---|
| Alabama | 2 |
| Arizona | 7 |
| Arkansas | 2 |
| California | 59 |
| Colorado | 6 |
| Connecticut | 1 |
| Florida | 22 |
| Illinois | 1 |
| Indiana | 7 |
| Kansas | 1 |
| Kentucky | 3 |
| Louisiana | 3 |
| Maryland | 5 |
| Massachusetts | 2 |
| Michigan | 5 |
| Nevada | 7 |
| New Jersey | 2 |
| New Mexico | 2 |
| New York | 4 |
| North Carolina | 3 |
| Ohio | 13 |
| Oklahoma | 4 |
| Oregon | 2 |
| Pennsylvania | 4 |
| Rhode Island | 1 |
| South Carolina | 1 |
| Tennessee | 1 |
| Texas | 36 |
| Virginia | 6 |
| Washington | 4 |
All of our 216 existing restaurants are located on leased properties, with interior square footage primarily ranging between 7,000 to 8,500 square feet. Many of our restaurants also have outdoor patios that are utilized when weather conditions permit. In addition to our restaurants, we operate two Texas brewpub locations. We own the underlying land for these brewpub locations, as well as two parcels of land adjacent to two of our operating restaurants.
There can be no assurance that we will be able to renew expiring leases after the expiration of all remaining renewal options. Most of our restaurant leases provide for contingent rent based on a percentage of restaurant sales (to the extent this amount exceeds a minimum base rent) and payment of certain occupancy-related expenses. We own substantially all of the equipment, furnishings and trade fixtures in our restaurants. Our Restaurant Support Center is located in an approximate 57,000 square foot leased space in Huntington Beach, California. Our Restaurant Support Center lease expires July 31, 2030.
Additional information concerning our leased properties is included in Note 6 to the Consolidated Financial Statements appearing in Part II, Item 8 of this Annual Report on Form 10-K.
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