As of Mar 31, 2017, the company operated 2,283 restaurants under the Chipotle Mexican Grill name (in the US) and 8 Pizzeria Locale restaurants.
During fiscal 2016, the company opened 240 net new restaurants. In the first quarter of fiscal 2017, the company opened 57 new restaurants and closed all 15 Shophouse Southeast Asian Kitchen restaurants. In fiscal 2017, the company expects to open between 195 and 210 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 1,396 end-cap locations, 346 in-line locations, 370 free-standing locations and 138 other locations. The average restaurant is approximately 2,500 square feet and seats about 57 people, and many also feature outdoor patio space.
|Company-operated restaurant growth||10.9%||11.9%||12.7%||11.8%||13.1%||14.6%|
|Systemwide restaurant growth||10.9%||11.9%||12.7%||11.8%||13.1%||14.6%|
|Avg restaurant gross sq ft||2,500||2,500||2,500||2,600||2,600||2,500|
|Avg restaurant gross sq ft growth||0.9%||-1.2%||-0.8%||-1.2%||1.8%||-1.2%|