The Denver Business Journal released this article stating that In-N-Out Burger does plan to move to Colorado. In it's beginning stages, the chain is set to open up a patty production facility in Colorado Springs to help supply it's restaurants when they open. Read more below:
In-N-Out Burger is coming to Colorado
By Mark Harden and Ed Sealover – Denver Business Journal
Nov 30, 2017, 10:37am MST Updated Nov 30, 2017, 1:53pm In-N-Out Burger -- a California chain famous for its "Double Double" and popular with many Colorado fans -- said today it will make its Colorado debut.
The company said in a statement that it plans to open a "patty production facility" in Colorado Springs ahead of opening restaurants in the state.
"In-N-Out Burger is excited to be in the early planning stages of its expansion to the state of Colorado," Carl Arena, the company's vice president of development, said.
"We are working on plans to build a patty production facility and distribution center in Colorado Springs to support future restaurants in Colorado."
The company did not say when the facility will open.
"Because we are still in the early development phase, we don’t yet have a timeline for the construction of either our support facilities or future restaurants," Arena said. "However, the steps we are taking now represent the first of many on the road to serving customers in Colorado."
EnlargeIn-N-Out Burger's signature Double-Double Burger and French Fries.
Westside Investment Partners Inc., a Denver real estate investment firm, said that In-N-Out has a contract to buy a 22-acre site at the Victory Ridge commercial complex (formerly known as Colorado Crossing) in north Colorado Springs for its production facility, and that the chain eventually plans to open a restaurant there.
BANKING & FINANCIAL SERVICESWhy are shares soaring at this former biotech turned blockchain firm?
RESIDENTIAL REAL ESTATEWhat salary do you need to afford an average home in Denver?
COMING EVENT10-1/2 Ways to Transform Your Company's Marketing in 2018Dec. 6
Irvine, California-based In-N-Out Burger does not have any Colorado locations; the nearest stores are in Utah and Arizona.
Andy Klein, a principal with Westside, said that the burger chain sought out the Colorado market and that the courtship was a relatively short one. He had been talking with In-N-Out for just a couple of months before inking the deal, he said.
While Colorado is the seventh state in which the chain will operate, it's just the second place outside of California where it will build a patty factory, indicating an over-and-above commitment to growing along the Front Range, Klein said.
While he knows that the company will ship its never-frozen patties into the Denver area from the Colorado Springs plant, he does not know exactly where or when they'll open up a restaurant around Denver.
In opening in Colorado, In-N-Out enters a market that already is packed with burger concepts.
The Denver area is home to national chains such as Smashburger, Red Robin Gourmet Burgers (Nasdaq: RRGB) and Good Times/Bad Daddy's Burger Bar, which are owned by the same company, Good Times Restaurants Inc. (Nasdaq: GTIM). Local concepts such as Park Burger also are growing quickly.
Klein, who considers himself a "devout follower" of In-N-Out, acknowledged that it faces competition as it enters this new market. But he said he believes that Coloradans who haven't tried its burgers yet will grow to love at is Californians have.
"While we're not short on [burger concepts], we're short on the one that's the best," Klein said. "They have a commitment to quality that stands out."
In-N-Out regularly pops up in conversations — particularly among California transplants — about chains that Coloradans would like to see come to the state.
In an informal 2010 DBJ survey, readers ranked In-N-Out Burger second among the top chains they'd like to see in Colorado. The other two favorites — Trader Joe's (No. 1) and H&M (No. 3) — have since arrived here.
There have been rumors for years that the chain would be expanding to Colorado. In 2011, Denver City Councilman Albus Brooks -- a native Californian -- said he was putting bringing the burger chain into Denver on his agenda.
Brooks was raving about today's announcement. "It is real folks!!! ... IN N OUT!!!! Coming to Colorado Springs first. Congrats," he tweeted.
I am a real estate professional, serving Boulder and Denver, Colorado. My extensive knowledge of the market, coupled with my commitment to provide extraordinary service, has resulted in hundreds of successful transactions. Let me help you buy or sell your home.