Unfortunately, Chipotle is NOT available for franchising. Almost all of their units are company owned and operated, with a few exceptions. This means that the money stays within the company and does not go to outside franchise operators.21 Jan 2022
How much does a Chipotle store make a year?
Chipotle Mexican Grill - additional information The average revenue per store of Chipotle Mexican Grill has increased gradually year-on-year with the exception of 2015, 2016 and 2017 which had average sales per store of 2.42 million USD, 1.87 million USD and 1.94 million USD, respectively.
How much money do you need to start a Chipotle franchise?
Expenditures Estimated Amount or Estimated Low-High Range Method of Payment
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Miscellaneous Opening Costs $20,000 to $65,000 As incurred
Additional Funds $25,000 to $35,000 As incurred
TOTAL ESTIMATED INITIAL INVESTMENT (without real estate costs) $1,060,000 to $1,599,000
How profitable is a Chipotle franchise?
As of June 2021, Chipotle was operated at a profit margin of 9.93%. The company routinely exceeds earning numbers with each quarterly report the past couple of years. Based on the performance of the company this year, the company could produce more than $595 million in profit by the end of the year.3 Nov 2021
Is Chipotle a profitable company?
The company said it opened 41 new restaurants during the quarter, most of them including drive-through lanes for picking up orders placed online. Chipotle's quarterly net income more than doubled from the same quarter a year ago, rising to $204.4 million.21 Oct 2021
How much is the CEO of Chipotle worth?
Steve Ells net worth: Steve Ells is an American businessman who has a net worth of $200 million. Steve Ells has earned his net worth as the Chief Executive Officer and Chairman of the Chipotle Mexican Grill, as well as, a Sous Chef at Stars Restaurant in San Francisco.
How much do Chipotle franchise owners make?
Recently, the average Chipotle restaurant has averaged around $2 million in sales. At peak, this number was closer to $2.5 million. From a profitability perspective, Chipotle store-level profits have ranged around 20% of sales or $400,000 per store.23 May 2019
What franchise owns Chipotle?
Because Chipotle does not franchise, all restaurants are owned and operated directly by the corporation itself.
How much does Chipotle pay their CEO?
Chipotle recently raised prices about 4% across the board. The company says price increases are due to increased employee wages. CEO Brian Niccol made $38 million in 2020.13 Jun 2021
How much does it cost to buy a Chipotle?
How much is a Chipotle Franchise? If Chipotle were a franchise, the estimate Chipotle franchise cost would range from $800,000 to $2,000,000. The variation in franchise cost would be due to leasehold improvements, square footage and what type of space.21 Jan 2022
Who currently owns Chipotle?
Type Public
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Revenue US$5.586 billion (2019)
Operating income US$443.958 million (2019)
Net income US$350.158 million (2019)
Total assets US$5.104 billion (2019)