Chipotle 2006 Annual Report Download - page 22

ITEM 2. PROPERTIES
As of December 31, 2006, we and our franchisees operated 581 restaurants. The table below sets forth the
locations (by state) of Chipotle restaurants in operation.
Arizona .............................................................. 24
California ............................................................. 79
Colorado ............................................................. 61
District of Columbia .................................................... 6
Florida ............................................................... 23
Georgia .............................................................. 11
Illinois(1) .............................................................. 49
Indiana ............................................................... 10
Kansas ............................................................... 15
Kentucky ............................................................. 5
Maryland ............................................................. 23
Massachusetts ......................................................... 1
Michigan ............................................................. 6
Minnesota ............................................................ 39
Missouri(1) ............................................................ 11
Nebraska ............................................................. 7
Nevada ............................................................... 5
New Jersey ........................................................... 2
New York ............................................................ 17
North Carolina ......................................................... 2
Ohio(1) ............................................................... 71
Oregon ............................................................... 6
Pennsylvania .......................................................... 1
Texas ................................................................ 65
Virginia .............................................................. 25
Washington ........................................................... 8
Wisconsin ............................................................ 9
Total ............................................................ 581
(1) Includes two franchised restaurants in Illinois, two in Missouri and four in Ohio.
Of our restaurants in operation as of December 31, 2006, we had 134 free-standing units, 335 end-cap
locations, 103 in-line locations and nine in malls. The average free-standing restaurant seats about 67 customers
while the average in-line or end-cap restaurant seats about 63 customers. Our average restaurant size is about
2,700 square feet. Most of our restaurants also feature outdoor patio space.
Our main office is located at 1543 Wazee Street, Suite 200, Denver, Colorado, and our telephone number is
[phone]. We lease our main office and substantially all of the properties on which we operate restaurants.
For additional information regarding the lease terms and provisions, see Item 7. “Management’s Discussion and
Analysis of Financial Condition and Results of Operations—Contractual Obligations.”
We own nine properties and operate restaurants on all of them.
ITEM 3. LEGAL PROCEEDINGS
We’re involved in various claims and legal actions that arise in the ordinary course of business. We do not
believe that the ultimate resolution of these actions will have a material adverse effect on our financial position,
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