These are all good questions. It is interesting to try and...

These are all good questions.

It is interesting to try and compare it to something like a Chipotle and how that has fared compared to the likes of a McDonalds in the US.

Chipotle over 30yrs has grown to about 3,400 store in US compared to about 13,500 for McDonalds. So there is 1 Chipotle store for every 4 McDonalds stores.

Can we apply that to GYG in Australia and McDonalds in Australia. McDonalds has about 1,050 stores in Australia. Using the 1:4 ratio would mean if GYG was as successful in Australia as Chipotle has been in the US that GYG would grow to 262 restaurants (compared to the 185 current GYG restaurants). So based on that admittedly limited comparison there is room for some strong growth in next few years but harder to see how the longer term 1,000 restaurant target is reasonable which would bring it close to being on par with McDonalds?

I'm guessing there is probably more competition from more mexican fast food outlets in US so maybe GYG can be bigger here than Chipotle in US and exceed the 1:4 ratio. But there is probably also more demand for Mexican food there too.

I'd be interested to see more positive views as it seems a lot easier to poke holes in the story