Coffee chain 7 Brew wins bid for shuttered Salad And Go stores
Key Points:
- Coffee chain 7 Brew won a bankruptcy auction bid for 73 closed Salad And Go stores, including 41 locations in Arizona, with a bid exceeding $143 million, beating competitor Dutch Bros.
- This acquisition marks a significant expansion for 7 Brew in Arizona, where the chain previously had only two locations in Tucson and one upcoming in Queen Creek.
- The Arizona stores to be converted include 35 in the Phoenix metro area, with the final approval of the leases pending a court hearing scheduled for September 21.
- Not all closed Salad And Go locations were part of the auction, but the deal provides 7 Brew a substantial footprint for growth in the state.