The second store opened in 1995 using Chipotle's cash flow, and the third was opened using an SBA loan. After one month, the original restaurant was selling over 1,000 burritos a day. Ells and his father calculated that the store would need to sell 107 burritos per day to be profitable. In 1993, Ells took what he learned in San Francisco and opened the first Chipotle Mexican Grill in Denver, Colorado, in a former Dolly Madison Ice Cream store at 1644 East Evans Avenue, near the University of Denver campus, using an $85,000 loan from his father. There, Ells observed the popularity of the taquerías and San Francisco burritos in the Mission District. Afterward, he became a line cook for Jeremiah Tower at Stars in San Francisco. Steve Ells attended the Culinary Institute of America in Hyde Park, New York. History The first Chipotle, near the campus of the University of Denver
In May 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California, in Southern California, ending their relationship with Denver after 25 years. With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015. By the time McDonald's fully divested itself from Chipotle in 2006, the chain had grown to over 500 locations. Founded by Steve Ells on July 13, 1993, Chipotle had 16 restaurants (all in Colorado) when McDonald's Corporation became a major investor in 1998. Ĭhipotle was one of the first chains of fast casual dining establishments. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.
Chipotle operates restaurants in the United States, United Kingdom, Canada, Germany, and France. ( / tʃ ɪ ˈ p oʊ t l eɪ/, chih- POHT-lay), often known simply as Chipotle, is an American chain of fast casual restaurants specializing in bowls, tacos and Mission burritos made to order in front of the customer. ShopHouse Southeast Asian Kitchen (2012–2018)Ĭhipotle Mexican Grill, Inc.
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