Built Custom Burgers logo

Built Custom Burgers Franchise

Audited Financials
Food and BeverageEst. 2001Scottsdale, AZ
www.builtcustomburgers.com/
Financing Available

Risk Score

Pending analysis

Investment Range

$408,500 - $1,297,000

Franchise Fee

$20,000

Min Cash Required

$50,000

Total US Locations

3

Business Summary

Built Custom Burgers operates a fast-casual restaurant business specializing in build-your-own burgers, alongside signature burgers, side dishes, sandwiches, salads, desserts, ice-cream shakes, and a selection of non-alcoholic and alcoholic beverages including beer and wine. Customers personalize their orders by choosing proteins, cheeses, toppings, and sauces from a service line. Built Custom Burgers emphasizes product quality, nutritional value, customer service, and individual choice. The restaurants follow a fast-casual format, but can adapt to modified service or alternative formats in various venues like malls, airports, or schools, offering either a full or limited menu depending on the location type.

Corporate History

MTY Franchising USA, Inc. began offering Built Custom Burgers franchises in December 2017 after acquiring the brand's prior franchisor, Built Franchise Systems, LLC, which had been offering Built Custom Burgers franchises since 2014. The current MTY Franchising USA, Inc. entity, a Tennessee corporation, was formed in 2019 through a merger with an earlier Delaware corporation of the same name, originally incorporated in 2001. Built Custom Burgers is part of the larger MTY Food Group, Inc., a public corporation based in Canada, which operates and franchises over 55 different restaurant concepts.

Financial Overview

Investment Range

$408,500 - $1,297,000

Franchise Fee (Low)

$20,000

Franchise Fee (High)

$30,000

Minimum Cash Required

$50,000

Royalty %

5%

Marketing %

1%

Equipment Costs (Low)

$127,000

Equipment Costs (High)

$319,000

Working Capital

$75,000

Audited Financials

Yes

Offers Financing

Yes

Financial Health Notes

The FDD's Maryland state-specific addendum highlights a special risk: the franchisor's financial condition, as reflected in its financial statements, calls into question Built Custom Burgers' financial ability to provide services and support to its franchisees. Due to this, the Maryland Securities Commissioner has mandated a financial assurance, requiring all initial fees and payments owed by Maryland franchisees to be deferred until the franchisor completes its pre-opening obligations under the franchise agreement.

Financing Details

Built Custom Burgers does not offer direct or indirect financing for its franchises, nor does it guarantee obligations under notes or other agreements, with one specific exception. If a franchisee purchases an 'as-is' corporate-owned restaurant from one of Built Custom Burgers' affiliates, financing for up to 100% of the purchase price may be offered at the franchisor's sole discretion. The annual interest rate for such financing can range between 0% and 12%, depending on the franchisee's creditworthiness, the financed amount, and the upfront payment. Repayment periods typically range from 12 to 60 months in equal monthly installments. This financing requires a first lien position on all equipment as security and also requires a personal guarantee from the individual franchisee (and their spouse) or all principals (and their spouses) of a business entity. Upon default, the franchisee faces accelerated payment obligations (with interest increasing to 18% annually), collection costs, potential termination of the franchise, and cross-defaults on other restaurants. Franchisees waive certain legal rights, including contesting or appealing the franchisor's right to repossess the restaurant without compensation upon default. Built Custom Burgers does not arrange financing from other sources or receive payments for referring financing.

Performance Metrics

Total US Locations

3

Franchised Units

3

Corporate Units

0

Avg Square Footage

1,500

Franchising Since

2014

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their Built Custom Burgers franchise license for an additional five-year term, franchisees must provide at least 120 days' notice before the current term expires. They must be in good standing, meaning they are not in default of their franchise agreement or any other agreements with Built Custom Burgers or its affiliates, and are current on all financial obligations. Franchisees cannot have received more than three default notices during the entire term or more than two in the five years before renewal. They must either have the right to keep their current location or secure an approved new one, sign a general release, and execute Built Custom Burgers' then-current franchise agreement (which may have different terms, including higher fees). Additionally, franchisees must agree to update or refurbish their equipment, fixtures, and signage to meet current brand standards and upgrade their Point-of-Sale (POS) system within a specified timeframe.

Training & Support Program

Franchisor Assistance

Built Custom Burgers provides franchisees with pre-opening assistance, including optional site selection support and lease review services. The franchisor helps with construction by providing approved design drawings and specifications for fixtures, furnishings, and equipment. Franchisees also receive an electronic or print version of the Confidential Operations Manual. Initial training includes a 40-hour New Owner Training program and 120 hours of In-Store Training for up to three individuals, conducted online, at the corporate training center in Scottsdale, Arizona, or at designated locations. Built Custom Burgers also provides on-site grand opening support for up to twelve days for a first restaurant, ten days for a second, and seven days for a third, at its expense. Ongoing assistance includes maintaining an advisory relationship for marketing, merchandising, and general business operations, providing updated operating standards, conducting periodic inspections, and making software available for administrative and inventory control. Built Custom Burgers also reviews substitute locations for potential relocations and may offer a one-time renewal option.

Initial Training Hours

160

Training Location

Online, Scottsdale, Arizona, or other designated locations, including the franchisee's restaurant for in-store training

Ongoing Support

After opening, Built Custom Burgers franchisees receive a continuing advisory relationship that includes consultation on marketing, merchandising, and general business operations. The franchisor provides information on updated operating standards and maintains system-wide quality through periodic inspections and service checks. Built Custom Burgers may make franchisees aware of software for administrative, bookkeeping, accounting, and inventory control. The franchisor also reviews substitute locations if a franchisee wishes to relocate. Additionally, Built Custom Burgers offers the option for a one-time renewal of the Franchise Agreement, subject to meeting specific requirements. Area Representatives, if assigned to a franchisee's area, may also provide services such as site assistance, lease advice, POS system training, marketing advice, quality service cleanliness and experience (QSCE) evaluations, and coordination with other franchisees.

Franchise Requirements

Ideal Candidate Profile

Built Custom Burgers seeks franchisees who intend to actively participate in the direct operation and daily affairs of their restaurant, rather than acting as passive investors. Ideal candidates are expected to personally manage the franchise with on-premises supervision or employ a qualified manager who has successfully completed the training program. The franchisor strongly recommends that owners devote a substantial amount of time to their restaurant, as past experience indicates that owner-operated locations generally perform better. Additionally, successful candidates are financially acceptable, possess good moral character and reputation, have strong work experience and aptitude, demonstrate the ability to devote their best efforts to the business, and can communicate effectively in English with employees, customers, and suppliers.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

hands-on

Territory Type

non-exclusive

Territory Size Requirements

Built Custom Burgers franchisees do not receive an exclusive territory. The franchise is granted for a specific location only. Built Custom Burgers may face competition from other franchisees, company-owned restaurants, or other distribution channels controlled by Built Custom Burgers, including locations across the street or in the same venue. Built Custom Burgers retains the right to establish or license other Built Custom Burgers restaurants or any other business using its proprietary marks and system in any location, and to sell products through other distribution channels, such as grocery stores or the internet, which may compete with the franchisee's location. The Franchise Agreement does not specify measurable criteria like radius or population for a territory.

Staffing Notes

Built Custom Burgers franchisees are solely responsible for all aspects of hiring, firing, training, supervising, and compensating their employees. They must ensure that all employees who directly interact with the public are proficient in reading and speaking English, along with any other language necessary for the local customer base. Franchisees are required to employ at least one full-time, on-premises Manager who meets Built Custom Burgers' criteria for a qualified restaurant operator. This Manager must dedicate their entire work time to managing, operating, and developing the franchise business, and must adhere to confidentiality, trademark usage, non-competition covenants, and all operational standards outlined in the Franchise Agreement and Confidential Manual. All personnel must maintain high standards of sanitation, cleanliness, and demeanor, and wear uniforms approved by Built Custom Burgers.