Breaking News Emails
Drought or no drought, Shake Shack plans to open its first restaurant in California as it embarks on an ambitious growth plan for the classic New York City burger chain.
The new location will open in greater Los Angeles next year, in the town of West Hollywood.
Domestically, Shake Shack has long been primarily an East Coast company but has been on the expansion path to other parts of the country. In November, it opened in Chicago's River North neighborhood and Las Vegas in late December.
The company has said it plans to open at least 10 new domestic company-operated Shacks each year, starting in the current fiscal year. Long term, it sees the potential to grow its current domestic company-operated Shack footprint to at least 450 locations.
As of year-end, Shake Shack has 31 domestic company-operated and five domestic licensed Shacks in 10 states and Washington, D.C.
MORE FROM CNBC:
- I would not start my business in California: CEO
- The cost of opening a franchise
- Is McDonald's broken? Franchisees are furious
-- Katie Little