Where is Chipotle ($CMG) opening +/- 155-165 new #restaurants in 2012? Avg Sales? Avg Ticket Price

In Chipotle Mexican Grill’s 3rd Quarter 2011 results earnings call, Montgomery (“Monty”) Moran, Co-Chief Executive Officer, Secretary, and Director of $CMG, explained:

Well, in 2012, we plan to open between 155 to 165 new restaurants, more than we’ve ever opened before in a single year.

Where are they opening the new stores?  Again, Montgomery (“Monty”) Moran:

our growth in the coming year will continue to be driven by expansion of Chipotle in the United States with about 75% of our 2012 openings planned for proven markets and the remaining 25% planned for new or developing markets, including Nashville, Albuquerque and Vancouver, among others.

This year (2011), Chipotle is planning on opening a total of 135-145 new restaurants.  John Hartung, Chief Finance Officer (CFO) and Principal Accounting Officer:

We expect to end the year with total new restaurant openings at or above the high end of 135 to 145 opening range

What’s the average restaurant sales revenue for a Chipotle Mexican Grill location?  John Hartung:

Our new restaurant continue to perform very well, opening with sales of the top of or above our communicated range of $1.4 million to $1.5 million. Restaurants opened at least 12 months now have an average restaurant sales of $1,973,000, which is the highest level ever.

What’s the average ticket price at Chipotle?  Montgomery (“Monty”) Moran:

We have about 500 transactions per day per restaurant.

So, Average Restaurant Revenue of $!,973,000 DIVIDED BY 500 transactions per day DIVIDED BY 360 days per year (average total days restaurant is open to public) EQUALS:

$10.96 average ticket price.  Wow!