What is the Chipotle Mexican Grill?
A: Chipotle Mexican Grill, Inc., often known simply as Chipotle, is an American chain of fast casual restaurants.
They specialize in what?
A: Bowls, tacos and Mission burritos made to order in front of the customer.
Chipotle operates restaurants in the United States, and
what other countries?
A: The United Kingdom, Canada, Germany, and France.
Its name derives from chipotle, the Nahuatl name for
A: A smoked and dried jalapeño chili pepper.
Chipotle was one of the first chains of what?
A: Fast casual dining establishments.
Who founded it?
A: It was founded by Steve Ells.
When was it founded?
A: On July 13, 1993.
How many restaurants did Chipotle have when McDonald's
Corporation became a major investor in 1998?
A: 16 restaurants.
By the time McDonald's fully divested itself from
Chipotle in 2006, the chain had grown to how many locations?
A: Over 500.
In 2015, with more than 2,000 locations, Chipotle had a
net income of how much?
A: US$475.6 million.
How many employees did it have?
A: More than 45,000 employees.
In May 2018, Chipotle announced the relocation of their
corporate headquarters to where?
A: Newport Beach, California, in Southern California, ending their relationship with Denver after 25 years.
Steve Ells attended what in Hyde Park, New York?
A: The Culinary Institute of America.
Afterward, he became what?
A: A line cook for Jeremiah Tower at Stars in San Francisco.
There, Ells observed the popularity of what?
A: The taquerías and San Francisco burritos in the Mission District.
In 1993, Ells took what he learned in San Francisco and
A: The first Chipotle Mexican Grill.
Where was it located?
A: In Denver, Colorado, in a former Dolly Madison Ice Cream store at 1644 East Evans Avenue, near the University of Denver campus.
How did he finance it?
A: With an $85,000 loan from his father.
Ells and his father calculated that the store would
need to sell how man burritos per day to be profitable?
A: 107 burritos.
After one month, the original restaurant was selling
how many burritos a day?
A: Over 1,000.
The second store opened in 1995 using Chipotle's cash
flow, and the third was opened using what?
A: An SBA loan.
To fund additional growth, Ells' father invested how
A: $1.5 million.
Afterwards, Ells created what?
A: A board of directors and business plan, raising an additional $1.8 million for the company.
Ells had originally planned to use funds from the first
Chipotle to open what?
A: A fine-dining restaurant, but instead focused on Chipotle Mexican Grill when the restaurants saw success.
In 1998, the first restaurant outside of Colorado
opened in what location?
A: Kansas City, Missouri.
The company opened its first location in
opening near what?
A: The campus of the University of Minnesota in Minneapolis in March 1999.
In 1998, who made an initial minority investment in the
By 2001, the company had grown to be Chipotle's what?
A: Largest investor.
The investment from McDonald's allowed the firm to do
A: To quickly expand, from 16 restaurants in 1998 to over 500 by 2005.