The beauty of Chipotle is the simplicity of the restaurant. Let's not complicate our analysis with anything more than a back of envelope sketching of its valuation.
At roughly 2,350 locations, Chipotle is on track to do an average of $1.95m per location or approximately $4.6B per year.
Sketching out a new 200 locations per year (100 for the remainder of 2017), Chipotle would have 3,250 loca...
