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Qdoba Mexican Grill<br />

Headquarters<br />

4865 Ward Rd. Suite 500, Wheat Ridge, Colorado 80033 USA<br />

Tel: (720)898-2300 Fax: (720)898-2396<br />

www.qdoba.com<br />

Ownership: Private<br />

Segment: Limited Service Mexican<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 266,000 186,300 133,000<br />

Company-owned ($000) 60,000 46,800 38,000<br />

Franchised ($000) 206,000 139,500 95,000<br />

U.S. Number of Units 318 237 177<br />

Company-owned 67 57 47<br />

Franchised 251 180 130<br />

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

International Units - - -<br />

Average Sales/Unit ($000) 955 900 850<br />

Concept Positioning |<br />

Qdoba Mexican Grill is a national chain of limited-service restaurants offering fajitas, tacos, specialty salsas and large,<br />

signature burritos in a fast-casual format. Open daily, sales from its lunch and dinner dayparts are almost evenly divided with<br />

lunch accounting for 52% of sales and dinner accounting for 48%. Owned by public company Jack in the Box Inc., Qdoba's<br />

hundreds of locations are franchised nationwide.<br />

The average Qdoba unit measures approximately 1,800–2,000 sq. ft. and seats 30–50 patrons. Interior décor features colorful,<br />

modern touches, representing a shift from its previous design package. New elements include stainless steel-topped tables<br />

and seating made from blond wood.<br />

Anthony Miller and Robert Hauser opened the first Qdoba restaurant in Denver in 1995 under the name "Zuma-A Fresh<br />

Mexican Grill.” Its first unit generated $1.5 million in first year sales, while only costing $200,000 to build. In 1997, the company<br />

changed its name to Z-TECA Restaurants, L.P. and began opening units under the name Z-TECA Fresh Mexican Grill Z-<br />

TECA Restaurant Corporation was formed that same year to continue the operations of the partnership. In late 1999, the<br />

company again changed its name to Qdoba Restaurant Corp. in order to have a more distinct name as it entered into new<br />

markets; therefore, the concept name was changed to Qdoba Mexican Grill. In 2003, San Diego-based Jack in the Box Inc.<br />

acquired Qdoba for $45 million. Qdoba estimates the launch of up to 90 new locations through 2007. The company is actively<br />

seeking multi-unit development partners to fuel its growth.<br />

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

Qdoba Mexican Grill offers one lunch and dinner menu featuring jumbo-size burritos that weigh in at a pound and a quarter,<br />

along with fajitas, tacos, salads and teca bowls, made with a base of cilantro rice and filled with a variety of ingredients. Eleven<br />

burritos are offered ranging in price from $4.25 for the vegetarian, a basic rice and bean burrito with 100% vegetarian<br />

ingredients, to $5.25 for the TECA fresh, a burrito filled with a choice of steak or chicken, topped with guacamole, tomato<br />

salsa, cheese, lettuce and choice of extra salsa. No beans or rice are added to this burrito. Signature items include Fajita<br />

Ranchera Burrito, Chicken Mole Burrito and Steak Quesadillas. No alcohol is served. Healthy options include Grilled Veggie<br />

Naked Taco Salad, Naked Burrito and Poblano Pesto Naked Burrito. Kids’ menu offerings are Taco, Cheese, or Chicken<br />

Quesadilla. Meal prices range between $1.49 and $6.19. Checks average $6.50.<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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