Tempe-based Dutch Bros has submitted documents to purchase the assets of the closing Salad and Go, according to documents filed in the Southern District of Texas Bankruptcy Court.
Boersma Bros, an entity
of Dutch Bros, submitted a purchase agreement to assume the leases and contracts of Salad and Go, following the company’s announcement it would shutter all its locations. Salad and Go’s last day in operation is Aug. 5.
The purchase price for the assets will be $105 million, according to the filing, with a deposit of $10 million, which has been put into an escrow account.
Salad and Go announced August 4 that it was filing Chapter 11 bankruptcy and closing all its stores August 5.
Corina Vanek covers development for The Arizona Republic. Reach her at cvanek@arizonarepublic.com. Follow her on X @CorinaVanek.
This article originally appeared on Arizona Republic: Dutch Bros to buy Salad and Go assets. What we know
