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Report: Cafe Rio eyes IPO

Apr. 02, 2014 11:08 AM ETChipotle Mexican Grill, Inc. (CMG) StockCMGBy: Clark Schultz, SA News Editor1 Comment
  • P-E firm KarpReilly is reported to be considering an IPO for its Cafe Rio restaurant chain.
  • The fast-casual Mexican chain is one of the closest things to a Chipotle (CMG -1%) competitor.
  • Last year, the company had sales of $137M for its 68 units.
  • The average check per person at Cafe Rio came out to $9 which is fairly level with Chipotle.

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