As of Dec 31, 2017, the company operated 2,408 restaurants under the Chipotle Mexican Grill name (2,371 in the US) and 8 Pizzeria Locale restaurants.
During fiscal 2017, the company opened 158 net new restaurants. In fiscal 2018, the company expects to open between 130 and 150 new restaurants.
At year-end, the company owned 17 restaurants and the remainder were leased. Lease terms for traditional shopping center or building leases generally include combined initial and option terms of 20-25 years. Ground leases generally include combined initial and option terms of 30-40 years.
Restaurants are located in a variety of different types of locations, such as in-line or end-cap locations in strip or power centers, in regional malls and downtown business districts, free-standing buildings, food courts, outlet centers, airports, military bases and train stations. At year-end, there were 1,523 end-cap locations, 356 in-line locations, 391 free-standing locations and 138 other locations. The average restaurant is approximately 2,500 square feet and seats about 56 people, and many also feature outdoor patio space.
|Company-operated restaurant growth||7.0%||7.0%||11.9%||12.7%||11.8%||13.1%|
|Systemwide restaurant growth||7.0%||7.0%||11.9%||12.7%||11.8%||13.1%|
|Avg restaurant gross sq ft||2,500||2,500||2,500||2,500||2,600||2,600|
|Avg restaurant gross sq ft growth||0.0%||0.0%||-1.2%||-0.8%||-1.2%||1.8%|