Jack In The Box 2015 Annual Report Download - page 5

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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
431
465
547
629
956
New
2
1
6
19
15
Refranchised
(21)
(37)
(78)
(97)
(332)
Closed
(6)
(2)
(11)
(4)
(10)
Acquired from franchisees
7
4
1
—
—
End of period total
413
431
465
547
629
% of system
18%
19%
21%
24%
28%
Franchise restaurants:
Beginning of period
1,819
1,786
1,703
1,592
1,250
New
16
11
11
18
16
Refranchised
21
37
78
97
332
Closed
(13)
(11)
(5)
(4)
(6)
Sold to company
(7)
(4)
(1)
—
—
End of period total
1,836
1,819
1,786
1,703
1,592
% of system
82%
81%
79%
76%
72%
System end of period total
2,249
2,250
2,251
2,250
2,221
Qdoba. Qdoba’s menu features Mexican-themed food items including burritos, tacos, salads, and quesadillas. Guests can customize their meals by adding
3-cheese queso, guacamole, and a variety of sauces and salsas without paying an extra charge. In fiscal 2016, the Qdoba brand will continue to evolve
through menu innovation, and a new restaurant design, uniforms, and logo. Our new logo modifies the full name of our brand from Qdoba Mexican Grill® to
Qdoba Mexican Eats to better reflect the flavors and variety our menu offers.
Our restaurants also offer a variety of catering options that can be tailored to feed groups of ten to several hundred. While some of our restaurants serve
breakfast, the majority 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. In fiscal 2015, the average check for company-operated restaurants was $11.82, which excludes catering sales.
We believe there is significant opportunity for continued growth at Qdoba, and currently estimate the long-term growth potential for Qdoba to be
approximately 2,000 units across the United States. Our company-operated restaurants are generally located in larger market areas, while franchise
development is more weighted towards non-traditional sites (airports, campuses, etc.) or areas where local franchisees can operate more efficiently. During
fiscal 2015, we opened 17 company-operated restaurants and franchisees opened 22 Qdoba restaurants, including 11 non-traditional sites. In fiscal 2016, 50-
60 new Qdoba restaurants are expected to open system-wide, of which approximately half are expected to be company-operated locations.
3