Real Estate
As of Jun 27, 2018, there were 480 restaurants systemwide across California, Arizona, Nevada, Texas and Utah, comprised of 211 company-operated and 269 franchised restaurants.
In fiscal 2017, the company opened 12 net new restaurants, while franchisees opened 6 net new restaurants. During the six months of fiscal 2018, the company opened 3 net stores, systemwide. For fiscal 2018, the company expects the opening of 6 to 8 new company-owned restaurants and 6 to 8 new franchised restaurants.
The company owns 15 properties, of which 12 are utilized by company-operated restaurants and 3 are leased to franchisees. Leases generally have initial terms of 20 years and up to three renewal terms of 5 years.
Typical restaurants are free-standing buildings with drive-thrus, ranging in size from 2,200 to 3,000 square feet with seating for 50 to 70 people, on 25,000 square foot lots with parking for 25+ cars. The company also considers end-caps with drive-thrus with approximately 2,000 square foot of space.
TTM | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|
Company-operated restaurants | 211 | 212 | 201 | 186 | 172 | 168 |
Company-operated restaurant growth | 1.4% | 5.5% | 8.1% | 8.1% | 2.4% | -0.6% |
Franchised restaurants | 269 | 265 | 259 | 247 | 243 | 233 |
Franchised restaurant growth | 1.9% | 2.3% | 4.9% | 1.6% | 4.3% | 1.7% |
Systemwide restaurants | 480 | 477 | 460 | 433 | 415 | 401 |
Systemwide restaurant growth | 1.7% | 3.7% | 6.2% | 4.3% | 3.5% | 0.8% |
Avg restaurant gross sq ft | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 |
Avg restaurant gross sq ft growth | -0.1% | -0.1% | -0.2% | -0.0% | -0.1% | 1.9% |