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RISE - Menu Monitor

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Chipotle Mexican Grill<br />

Headquarters<br />

1543 Wazee St., Denver, Colorado 80202 USA<br />

Tel: (303)595-4000 Fax: (303)222-2500<br />

www.chipotle.com<br />

Ownership: Public<br />

Segment: Limited Service Mexican<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 837,000 635,577 500,000<br />

Company-owned ($000) 815,000 625,077 490,000<br />

Franchised ($000) 22,000 10,500 10,000<br />

U.S. Number of Units 567 489 409<br />

Company-owned 547 481 402<br />

Franchised 20 8 7<br />

International Sales ($000) - - -<br />

International Units - - -<br />

Average Sales/Unit ($000) 1,584 1,440 1,195<br />

Concept Positioning |<br />

Chipotle Mexican Grill is a limited-service Mexican chain that strives to offer premium-quality Mexican fare in variations of<br />

three menu items—burritos, tacos and fajitas. The public chain operates 567 units across the U.S., 20 of which are franchised.<br />

Units are in a variety of sites, from freestanding to strip-center locations. They average 1,600–2,600 sq. ft., with seating for 25–<br />

96 guests. Décor features a spare industrial design that includes birch plywood, corrugated steel, wire mesh, pigmented<br />

concrete, stainless steel and leather. Takeout is available.<br />

Steve Ells opened the first Chipotle Mexican Grill in 1993 near the University of Colorado campus in Denver. In 1997,<br />

McDonald’s Corp. made a minority investment in the concept, and in 1999, McDonald’s increased its investment to more than<br />

51%. In 2001, the chain dropped the Mexican Grill portion of its name and was identified simply as Chipotle. However, a<br />

redesign of its logo and signage in 2007 reflected a return to its original brand, Chipotle Mexican Grill. In early 2006, Chipotle<br />

went public when McDonald's Corp. spun off 35% of the chain. McDonald’s divested the rest of its stake later that year.<br />

<strong>Menu</strong> Positioning |<br />

Chipotle is open for lunch and dinner, offering made-to-order burritos, tacos and fajitas, chips and salsas, and beverages.<br />

Burritos begin with a giant flour tortilla, cilantro-lime rice, choice of pinto or vegetarian black beans, choice of meat, choice of<br />

salsa and cheese or sour cream. Fajita Burritos are the same as burritos with the addition of sautéed peppers and onions<br />

instead of beans. Burrito Bols are burritos or fajitas without the tortilla and with romaine lettuce instead of rice. Taco meals<br />

include three soft or hard corn tortillas, choice of meat, choice of salsa, cheese or sour cream and romaine lettuce. Meat<br />

choices include Carnitas—pork seasoned with thyme, bay leaves, juniper berries and black pepper; Barbacoa—spicy<br />

shredded beef marinated in chipotle adobo, cumin, cloves, garlic and oregano; Chicken marinated in chipotle adobo; and<br />

Steak marinated in chipotle adobo. Chipotle offers naturally raised pork at all locations and naturally raised chicken and beef at<br />

select units. Sides include chips with salsa, available in hot, medium and mild flavors. Soft drinks, iced tea and bottled waters,<br />

as well as variety of beers and margaritas, are available. <strong>Menu</strong> prices range from $5.10–$6.45. Checks average $6.<br />

©Technomic Information Services 2007, CIS profiles may not be copied or distributed in any print or electronic format without a license or written consent.<br />

Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information<br />

published.<br />

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