As of Mar 31, 2018, the company operated 2,434 restaurants under the Chipotle Mexican Grill name (2,397 in the US) and 7 Pizzeria Locale restaurants.
During fiscal 2017, the company opened 158 net new restaurants. The company opened 33 net restaurants during the three months ending Mar 31, 2018. 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||6.5%||7.0%||11.9%||12.7%||11.8%||13.1%|
|Systemwide restaurant growth||6.5%||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%|