Dutch Bros has officially opened its first location in the city of Los Angeles, marking a significant milestone as the coffee chain reaches its 1,111th store. The new shop, spanning 1,300 square feet, is located at 3726 S Figueroa St., conveniently situated near the University of Southern California (USC). This walk-up facility represents the company’s ongoing national expansion and commitment to bringing its brand to new markets.
The project was facilitated by JLL representatives Shauna Mattis and Liam Bredberg, who acted on behalf of the landlord, DWS. Meanwhile, Xan Saks and Alex Kogan from the Beta Agency represented Dutch Bros in the deal. The addition of this location underscores the drive-through coffee chain’s ambitions in urban markets, where it has previously had limited presence.
Regional operator Brady Benner expressed enthusiasm about the new location, stating, “I could not be more grateful for the opportunity to bring Dutch Bros Coffee to Los Angeles. Bringing this location to the Exposition Park and the greater Los Angeles community means we will have a space to bring love and light to each person we meet every day. We can’t wait to serve you, L.A. – see you soon!”
Founded in 1992 by Dane and Travis Boersma, Dutch Bros has rapidly evolved from its origins in Grants Pass, Oregon to become a major player in the coffee industry. The company is now headquartered in Tempe, Arizona, and operates a mix of company-owned and franchise locations primarily across the western United States.
In October 2018, Dutch Bros received a financial boost from private equity firm TSG Consumer Partners, acquiring a minority stake in the company. This partnership was a part of Dutch Bros’ plans to expand to 800 stores over a five-year period. The chain made headlines again in August 2021, when it filed for an initial public offering (IPO), aiming to raise $100 million to address long-term debt of $192 million.
The IPO was successfully launched on September 15, 2021, with Dutch Bros debuting on the New York Stock Exchange under the ticker symbol ‘BROS‘. The offering raised $484 million, selling approximately 21 million shares at a price of $23 each.
As Dutch Bros continues to grow and diversify its locations, the opening in Los Angeles signals a new chapter for the brand, enhancing its presence in one of the largest cities in the United States. The company’s commitment to community engagement and customer service remains at the forefront as it adapts to different urban markets.
