An SEC filing with the Securities and Exchange Commission revealed that Chipotle invested $2.3 million in America's Next Great Restaurant, Soul Daddy. Meanwhile, Chipotle founder and co-CEO Steve Ells personally invested $220,000 into the chain, which closed each of its three locations one month after opening. (Read, Soul Daddy: Why it closed)

According to the filing, Chipotle made the $2.3 million cash contribution to ANGR Holdings Inc. in exchange for equity interest. The company also agreed to "provide a variety of corporate and administrative services to the entity in connection with its operations."

While the show's four judges/investors, Bobby Flay, Curtis Stone, Lorena Garcia and Ells, have not publicly revealed the level of their investments in Soul Daddy, sources say each one was expected to contribute the same amount for a total of $880,000 (with Chipotle investing an additional $2.3 million).

Upon winning as America's Next Great Restaurant in May, Soul Daddy opened locations in New York, Los Angeles and in Minnesota's Mall of America. Two of those locations closed in early June with the Minnesota location closing a few weeks later.

Soul Daddy was the brainchild of Detroit resident Jamawn (Jay) Woods, 34. The restaurant’s original premise was soul food such as fried chicken and waffles; however, several menu changes were made to reflect a healthier offering of items.

Read also, America's Next Great Fall Guy.

Related Content

User Comments – Give us your opinion!
  • Vijay Swearingen
    87719622
    If they would've invested in my concept...well, our fans do the talking on Twitter and Facebook already.
Products & Services

FireFly Point-of-Sale

http://global.networldalliance.com/new/images/products/4282.png

4282/FireFly-Point-of-Sale

Integrated CRM

http://global.networldalliance.com/new/images/products/7071.png

7071/Integrated-CRM

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Enterprise Solutions

http://global.networldalliance.com/new/images/products/4124.png

4124/Enterprise-Solutions

MP700 IP Digital Media Player

http://global.networldalliance.com/new/images/products/5161.png

5161/MP700-IP-Digital-Media-Player

Total-Point of Sale

http://global.networldalliance.com/new/images/products/6535.png

6535/Total-Point-of-Sale

English/Spanish Avocado Handling Poster

http://global.networldalliance.com/new/images/products/6821.png

6821/English-Spanish-Avocado-Handling-Poster

Supply Chain Solutions

http://global.networldalliance.com/new/images/products/4269.png

4269/Supply-Chain-Solutions

Punchh Social Loyalty Platform

http://global.networldalliance.com/new/images/products/5589.png

5589/Punchh-Social-Loyalty-Platform

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.