As of December 27, 2023, our restaurant system consisted of 495 restaurants, comprised of 172 company-operated restaurants and 323 franchised restaurants, located in California, Nevada, Arizona, Texas, Utah, Louisiana and Colorado.
−Removed: In addition, we currently license our brand to five restaurants in the Philippines.
−Removed: We have not included this licensed
−Removed: restaurant as part of our unit count as presented in this annual report.
+Added: In addition, we currently license our brand to nine restaurants in the Philippines.
+Added: We have not included these licensed restaurants as part of our unit count as presented in this annual report.
The table below sets forth the locations (by state) for all restaurants in operation as of December 27, 2023.
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In addition, we operate 160 company-operated restaurants on leased real estate, we own one operating unit with additional parking on leased real estate, and we have another 57 leased sites that are subleased or assigned to franchisees who operate El Pollo Loco restaurants.
−Removed: We also have three closed units, two of which are subleased for uses other than El Pollo Loco.
+Added: We also have two closed units, two of which are subleased for uses other than El Pollo Loco.
We also sublease a surplus property of an operating location to a third party.
−Removed: We lease our headquarters, consisting of approximately 29,880 square feet in Costa Mesa, California, for a term expiring in 2024, plus one three-year extension option.
+Added: We lease our headquarters, consisting of approximately 29,880 square feet in Costa Mesa, California, for a term expiring in 2026, plus a one-year extension option.
We believe that our current office space is suitable and adequate for its intended purposes and our near-term expansion plans.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.