Einstein Bros 2006 Annual Report Download - page 22

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Please find page 22 of the 2006 Einstein Bros annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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http://www.sec.gov/Archives/edgar/data/949373/000104746907001622/a2176540z10-k.htm[9/11/2014 10:12:36 AM]
New Mexico 5 — 5
New York 2 8 10
North Carolina 2 4 6
Ohio 11 8 19
Oregon 7 1 8
Pennsylvania 10 34 44
South Carolina — 4 4
Tennessee — 1 1
Texas 23 8 31
Utah 19 — 19
Virginia 13 10 23
Washington 5 1 6
Wisconsin 10 2 12
Total 416 182 598
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Our Properties
All of our restaurants are located on leased premises. As of January 2, 2007, leases for approximately 76 locations are set to expire within the
next 12 months. We are working with the landlords at these locations to renew or extend these leases, except for locations that we plan to exit.
Lease terms are usually 5 to 10 years, with two 3 to 5-year renewal option periods for total lease terms on the average of approximately 15 to
20 years. Our leases generally require us to pay a proportionate share of real estate taxes, insurance, common charges and other operating costs.
Information with respect to our headquarters, training, production and commissary facilities is presented below:
Location
Facility
Sq. Ft.
Lease Expiration
Golden, CO(1) Headquarters, Support Center, Test Kitchen 46,802 5/31/2007
Lakewood, CO(2) Headquarters, Support Center, Test Kitchen 44,574 5/31/2017
Hamilton, NJ Franchise Support Center, Training Facility 6,637 10/31/2008
Whittier, CA Production Facility and USDA Approved Commissary 54,640 11/30/2008
Walnut Creek, CA Administration Office—Noah's 2,190 2/29/2008
Carrolton, TX USDA Approved Commissary 26,820 7/31/2011
Orlando, FL USDA Approved Commissary 7,422 10/31/2010
Denver, CO USDA Approved Commissary 9,200 10/13/2008
Grove City, OH USDA Approved Commissary 20,644 8/31/2012
(1) Effective June 1, 2007, we will be relocating our headquarters from Golden, Co. to Lakewood, Co.
(2) We have signed a ten-year agreement for space in Lakewood, Co. with a lease commencement date of June 1, 2007.
ITEM 3. LEGAL PROCEEDINGS
We are subject to claims and legal actions in the ordinary course of our business, including claims by or against our franchisees, licensees and
employees or former employees and/or contract disputes. We do not believe any currently pending or threatened matter would have a material
adverse effect on our business, results of operations or financial condition.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No items were submitted to a vote of security holders in the fourth quarter of the fiscal year ended January 2, 2007.
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