An archived webcast of the conference call will be made available about one hour following the conclusion of the session. Chipotle was founded by Steve Ells, the company’s Founder, Chairman, and CEO, with the belief that food delivered quickly did not have to be a conventional fast food experience.
Who is Chipotle owned by?
It is not a single individual that owns Chipotle; rather, it is a broad collection of institutional investors and stockholders. Chipotle Mexican Grill was founded by Steve Ells, who was also its previous CEO (CMG).
Is the owner of Chipotle Mexican?
Steve Ells (born September 12, 1965) is a businessman from the United States. Chipotle Mexican Grill is named after him, and he is the company’s creator, former CEO, and Executive Chairman. Since its inception in 1993, Chipotle has served what it characterizes as “naturally grown beef” and promoted sustainable agriculture. Ells is the company’s founder and chairman of the board of directors.
Why did McDonald’s sell Chipotle?
Steve Easterbrook (shown below), the former CEO of McDonald’s, stated that the company’s investment in Chipotle and other enterprises was a diversion from its core business. Company leaders desired to devote all of their resources to expanding the McDonald’s brand, so they sold all of the company’s stock.
What is Chipotle Mexican Grill franchise?
Unfortunately, Chipotle is not currently available for franchise opportunities. Except for a few exceptions, almost all of their units are owned and operated by the firm. This implies that the money remains within the corporation and does not flow to third-party franchisees outside the organization.
Who owns Qdoba and Chipotle?
The company was founded by Anthony Miller and Robert Hauser, and it is owned by Apollo Global Management, a public equity firm based in the United States. The company’s first restaurant was located in Denver, Colorado, and it presently has 729 locations around the United States and Canada.
Does Taco Bell Own Chipotle?
The CEO of Taco Bell will take over as the new CEO of Chipotle Mexican Grill, the fast-casual food business said on Tuesday, according to reports. Chipotle founder and CEO Steve Ells will be replaced by Brian Niccol, who will take over on March 5. Chiptole said in November that Ells, who created the restaurant business in 1993, will be stepping down as CEO.
Where does Chipotle get their meat?
It was in 1999 that Chipotle began serving pork from Niman Ranch, which was the first step in its path to offer Responsibly Reared®-brand meat, which comes from animals raised in more humane ways and without the use of antibiotics or additional hormones. Today, 100% of the meat produced by the firm comes from animals that have not been routinely treated with antibiotics.
Does Chipotle own any other companies?
Following the discontinuation of its ShopHouse Asian concept, Chipotle has struggled to successfully expand its product offerings beyond its core brand. The firm still owns the little Pizzeria Locale chain (which was not created by the company) as well as Tasty Made, which is a potential burger franchise that has just one store so far.
How much do Chipotle franchise owners make?
This figure was closer to $2.5 million at its highest point. From a business standpoint, Chipotle shop-level earnings have typically fluctuated between 20 percent to $400,000 per location, depending on the region. At its highest point, this profit margin exceeded 25 percent of sales, or $625,000 per location. That said, the firm is still working hard to achieve its sales and profitability objectives.
Does Chipotle own real estate?
Chipotle’s real estate strategy has changed considerably over the course of the company’s history. Instead of building free-standing restaurants in high-traffic regions, Chipotle currently runs a range of restaurants in low-traffic places, including shopping centers and mall food courts, which need smaller initial investments.
How much does a Chipotle manager make?
The average Chipotle General Manager compensation is $63,893 per year, according to Payscale. Chipotle General Manager salary may range from $60,947 to $70,304 per year, depending on experience. based on 4 Chipotle General Manager salary report(s) supplied by workers or approximated based on statistical methodologies