First Watch Restaurant Group, Inc. 10-K

Item 2. Properties We lease all our company-owned restaurant facilities. As of December 31, 2023, we had 425 company-owned restaurants and 99 franchise-owned restaurants located in 29 states, including a large presence in Florida, Texas, Ohio and Arizona. As of December 31, 2023, company-owned and franchise-owned restaurants by jurisdiction were: State Company-owned Franchise-owned Total Alabama 5 — 5 Arizona 31 — 31 Arkansas — 3 3 Colorado 19 — 19 Delaware 4 — 4 Florida 123 — 123 Georgia 23 — 23 Illinois 7 — 7 Indiana 6 1 7 Kansas 10 — 10 Kentucky 2 14 16 Louisiana — 1 1 Maryland 11 — 11 Michigan 11 — 11 Mississippi — 1 1 Missouri 17 7 24 Nebraska 6 — 6 New Jersey 5 — 5 North Carolina 3 33 36 Ohio 40 — 40 Oklahoma — 1 1 Pennsylvania 19 — 19 South Carolina 4 3 7 Tennessee 12 8 20 Texas 42 21 63 Utah — 1 1 Virginia 20 4 24 West Virginia — 1 1 Wisconsin 5 — 5 TOTAL 425 99 524