Jack In The Box 2012 Annual Report Download - page 4
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The following table summarizes the changes in the number of company-operated and franchise Jack in the Box restaurants over the past five years:
Company-operated restaurants:
Beginning of period
629
956
1,190
1,346
1,436
New
19
15
30
43
23
Refranchised
(97)
(332)
(219)
(194)
(109)
Closed
(4)
(10)
(46)
(6)
(4)
Acquired from franchisees
—
—
1
1
—
End of period total
547
629
956
1,190
1,346
% of system
24%
28%
43%
54%
62%
Franchise restaurants:
Beginning of period
1,592
1,250
1,022
812
696
New
18
16
16
21
15
Refranchised
97
332
219
194
109
Closed
(4)
(6)
(6)
(4)
(8)
Sold to Company
—
—
(1)
(1)
—
End of period total
1,703
1,592
1,250
1,022
812
% of system
76%
72%
57%
46%
38%
System end of period total
2,250
2,221
2,206
2,212
2,158
Qdoba Mexican Grill. Our Qdoba restaurants feature fresh, high quality ingredients and traditional Mexican flavors that combine to create a variety of
innovative and unique flavors and products. Throughout each day, guacamole is prepared on site using fresh Hass avocados, black and pinto beans are slow-
simmered, shredded beef and pork are slow-roasted and adobo-marinated chicken and steak are flame-grilled. Customer orders are prepared in full view,
which gives our guests the ability to build a meal specifically suited to their individual taste preferences and nutritional needs. Our restaurants also offer a
variety of catering options that can be tailored to feed groups of five to several hundred. Our restaurants generally operate from 10:30 a.m. to 10:00 p.m. and
have a seating capacity that ranges from 60 to 80 persons, including outdoor patio seating at many locations. The average check, excluding catering sales, in
fiscal year 2012 was $10.28 for company-operated restaurants.
We believe there is significant opportunity for continued growth at Qdoba. We estimate the long-term growth potential for Qdoba to be approximately 2,000
units across the U.S. Our company-operated restaurants are generally located in more heavily populated urban markets, while franchise development is more
weighted to less densely-populated areas where local franchisees can operate more efficiently. We opened 26 company-operated restaurants and franchisees
opened 32 Qdoba restaurants during fiscal 2012. In fiscal 2013, we plan to open 70-85 new company and franchise restaurants.
The following table summarizes the changes in the number of company-operated and franchise Qdoba restaurants over the past five years:
Company-operated restaurants:
Beginning of period
245
188
157
111
90
New
26
25
15
24
21
Acquired from franchisees
46
32
16
22
—
Closed
(1)
—
—
—
—
End of period total
316
245
188
157
111
% of system
50%
42%
36%
31%
24%
Franchise restaurants:
Beginning of period
338
337
353
343
305
New
32
42
21
38
56
Sold to Company
(46)
(32)
(16)
(22)
—
Closed
(13)
(9)
(21)
(6)
(18)
End of period total
311
338
337
353
343
% of system
50%
58%
64%
69%
76%
System end of period total
627
583
525
510
454
5