8/12/2023 0 Comments Chipotle food near me![]() Serving high-quality food in each restaurant is a major competitive advantage. ![]() For 15 years, Qdoba instilled its culture and quality standards in each eatery. Qdoba operated all its restaurants for 15 years until it was acquired by Apollo Global Management and adopted the franchise model in 2019. Its size and variety of Mexican foods on its menu make it Chipotle’s top competitor. The fast-casual chain has eateries in over 700 locations, which it either operates directly or franchised. Here is an in-depth analysis of Chipotle’s top competitors and alternatives:įounded in 1995, Qdoba focused on building its reputation as an authentic Mexican establishment and growing a strong and loyal customer base. It competes directly against restaurants that offer Mexican foods, as well as other fast-casual chains like McDonald’s. According to a study by Technavio, the fast-casual restaurants market in the US is projected to grow by $ 150.10 billion between 20, progressing at a CAGR of over 12%.Ĭhipotle is perfectly positioned to capitalize on this growth but first has to overcome its top competitors. The Mexican restaurant chain has to fend off strong competitors to maintain its market share. Over the years, Chipotle’s market value has increased to $38 billion. In Q3 2020, Chipotle reported quarterly revenue of $1.6 billion and net income of $80.2 million. ![]() In 2019, its annual revenue was $5.7 billion and $338 million in profits. It has 83,000 employees and stands out as the only restaurant company of its size that owns and operates all its restaurants. Founded in 1993, Chipotle Mexican Grill has expanded to become the top restaurant chain with over 2,650 restaurants spread across the US, Canada, the UK, France, and Germany.
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