Brilliant Earth Group Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
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Item 2. Properties
Our principal executive offices are located in San Francisco, CA and Denver, CO. We lease retail showroom, office and operational locations. As of December 31, 2023, we had 37 showrooms andone operations center in the United States.
The table below sets forth certain information regarding these properties, all of which are leased.
| Geographic Location | Number of Locations | Square Footage |
|---|---|---|
| Retail Showrooms | ||
| Arizona | 1 | 3,307 |
| California | 8 | 28,128 |
| Colorado | 1 | 11,153 |
| Florida | 2 | 3,680 |
| Georgia | 1 | 2,950 |
| Illinois | 2 | 4,339 |
| Maryland | 2 | 6,706 |
| Massachusetts | 1 | 3,761 |
| Michigan | 1 | 3,111 |
| Minnesota | 1 | 3,112 |
| Missouri | 1 | 2,365 |
| New York | 3 | 11,511 |
| North Carolina | 1 | 1,663 |
| Ohio | 2 | 4,883 |
| Oregon | 1 | 2,660 |
| Pennsylvania | 2 | 5,150 |
| Tennessee | 1 | 1,800 |
| Texas | 3 | 9,088 |
| Virginia | 1 | 2,500 |
| Washington | 1 | 2,597 |
| Washington, D.C. | 1 | 4,795 |
| Total Retail Showrooms | 37 | 119,259 |
| Operations center | ||
| Secaucus, New Jersey | 1 | 23,817 |
All of our executive offices and retail showrooms are leased from third parties, and our leases generally have a term of 5 to 10 years and typically include five-year renewal options. Most of our showroom leases provide for a minimum rent, with escalating rent increases, and generally require us to pay insurance, utilities, real estate taxes and repair and maintenance expenses.
We may negotiate new lease agreements, renew existing lease agreements or use alternate facilities prior to lease termination. We believe that our facilities are adequate for our needs and believe that we should be able to renew any of our leases or secure similar property without an adverse impact on our operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.