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Built with precision for the QSR industry

The Database/MEXICAN

Chipotle Mexican Grill

CMG · EST. 1993 · Newport Beach, California

+ CompareFDD notes
US UNITS3,586+5.3% YOY
GLOBAL UNITS3,500
AUV (US)$3M
INVESTMENT RANGE$344K–$860K
FRANCHISED %0%

01The Read

Fast-casual Mexican restaurant with customizable burritos and bowls

FIG 1 — US UNIT COUNT, 2019–2025
2,290
2019
2,488
2020
2,676
2021
2,899
2022
3,175
2023
3,405
2024
3,586
2025

SOURCE: QSR PRO ESTIMATES

02Our Coverage

6 STORIES
Starbucks Goes South: Inside the 250,000-Square-Foot Nashville Bet Reshaping QSR Corporate StrategyMAR 25, 2026Chipotle's 32% Stock Slide Forces a Fast-Casual Valuation ReckoningMAR 24, 2026Chipotle's Q4 2025: Traffic Falls for a Fourth Straight Quarter as the Post-Niccol Era Takes ShapeMAR 24, 2026Chipotle Opens Its First Restaurant in Mexico: A Calculated Gamble on the Country That Inspired ItMAR 24, 2026Chipotle Lost Traffic Every Quarter in 2025. Its 2026 Playbook Bets on Protein, Not Price Cuts.MAR 24, 2026CAVA's Q1 2026: The Fast-Casual Chain That Defied GravityMAR 24, 2026
FDD Fact Sheet · 2025
FRANCHISE FEE
—
ROYALTY
5%
AD FUND
—
TERM
10 YRS
LIQUIDITY
—
NET WORTH
—

NOT CURRENTLY FRANCHISING

Segment Peers

Taco BellMoe's Southwest GrillTijuana FlatsQdoba Mexican EatsDel Taco

QSR Pro Take

Company-owned only: there is no franchise to buy. Watch it as the fast-casual margin benchmark: 3M AUVs, no royalty drag, and the Chipotlane drive-thru format resetting unit economics.

QSR Pro Advisory

Evaluating a Chipotle Mexican Grill franchise?

Our advisory desk models unit economics, territory, and FDD terms before you sign anything.

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