Mucho Burrito logo

Mucho Burrito Franchise

Audited Financials
Food and BeverageEst. 1979Scottsdale, AZ
www.muchoburrito.com
Financing Available

Risk Score

Pending analysis

Investment Range

$470,000 - $925,000

Franchise Fee

$24,000

Min Cash Required

$5,000

Total US Locations

1

Business Summary

Mucho Burrito operates quick-service restaurants specializing in fast-casual Mexican food like burritos, quesadillas, tacos, nachos, and other assorted foods and drinks. These restaurants focus on freshly prepared items and are designed to serve the general public.

Corporate History

Mucho Burrito's ultimate corporate parent, MTY Food Group, Inc., was incorporated in Canada in 1979. MTY Franchising USA, Inc., the franchisor, was originally incorporated in Delaware in 2001 as The Extreme Pita Franchising USA, Inc., then converted to MTY Franchising USA, Inc., a Tennessee corporation, in 2019. MTY Franchising USA, Inc. acquired the right to franchise Mucho Burrito restaurants in the United States in January 2019 and began offering Mucho Burrito Unit Franchises in February 2019. Before this, Mucho Burrito Franchising USA, Inc. (MBUSA), a Delaware corporation incorporated in 2010, offered Mucho Burrito unit franchises beginning in February 2010 until it was acquired by MTY Canada (a direct parent) in September 2013.

Financial Overview

Investment Range

$470,000 - $925,000

Franchise Fee (Low)

$24,000

Franchise Fee (High)

$30,000

Minimum Cash Required

$5,000

Royalty %

6%

Marketing %

3%

Equipment Costs (Low)

$361,000

Equipment Costs (High)

$694,000

Working Capital

$50,000

Audited Financials

Yes

Offers Financing

Yes

Financing Details

Mucho Burrito does not offer direct or indirect financing arrangements for its franchisees, nor does it guarantee obligations under notes, except for potentially guaranteeing a franchisee's lease for their site, solely at the franchisor's discretion. If a franchisee purchases an existing corporate-owned restaurant from a Mucho Burrito affiliate, the franchisor may finance up to 100% of the purchase price. For such financing, the annual interest rate would range from 0% to 12%, depending on the franchisee's creditworthiness and down payment, with repayment periods between 12 and 60 months. This financing is secured by a first lien on all equipment, and the franchisee (and their spouse, if applicable) must personally guarantee the debt.

Performance Metrics

Total US Locations

1

Franchised Units

1

Corporate Units

0

Avg Square Footage

1,500

Franchising Since

2010

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

Mucho Burrito franchisees seeking to renew their agreement must provide notice at least 120 days before the current term expires. They must be in good standing, meaning they are not in default of their agreement or any other agreements with Mucho Burrito or its affiliates, and have not received more than three default notices during the term, or more than two in the five years before renewal. Franchisees must have the right to maintain possession of their current location or secure a new suitable one. They are required to sign a general release and a new franchise agreement, which may have different terms, including higher royalty and advertising fees. Additionally, franchisees must agree to complete any required remodeling and improvements, including upgrading their point-of-sale system, within a timeframe specified by Mucho Burrito, and pay the Renewal Franchise Fee.

Training & Support Program

Franchisor Assistance

Mucho Burrito provides several forms of assistance to its franchisees. Before opening, the franchisor assists with site selection by approving locations that meet minimum requirements. Mucho Burrito provides design drawings for restaurant construction and specifies required furnishings, fixtures, and equipment. Franchisees receive a confidential operations manual with operating procedures. Mucho Burrito also offers a training program for up to two individuals, covering both in-store and new owner training, typically held online or at the Scottsdale, Arizona training center. After opening, Mucho Burrito creates a marketing plan for grand openings and initial advertising, incorporating franchisee input. The franchisor maintains an ongoing advisory relationship, offering consultation on marketing, merchandising, and general business operations. They provide updated operating standards and conduct periodic inspections and quality checks. Mucho Burrito may also offer software recommendations from approved third-party vendors for administrative tasks and approve substitute locations if a franchisee needs to relocate.

Initial Training Hours

140

Training Location

Online, in Canada, or at the Kahala Training & Education Center in Scottsdale, AZ, or at a designated restaurant location in the United States.

Ongoing Support

Mucho Burrito provides ongoing support to its franchisees after they open. This includes maintaining a continuous advisory relationship, offering consultations on marketing, merchandising, and general business operations to help improve and develop the business. Mucho Burrito also provides updated operating standards and conducts periodic inspections and quality service checks to ensure high and uniform standards across all restaurants. The franchisor may also recommend software from approved third-party vendors for administrative, accounting, and inventory control, and reviews and approves any proposed restaurant relocations.

Franchise Requirements

Ideal Candidate Profile

Mucho Burrito seeks franchisees who plan to actively participate in the direct operation and daily affairs of their restaurant, although personal participation is not strictly required. The franchisor prefers candidates who will devote their full-time efforts to the business, noting that active involvement can lead to higher sales and better operating costs. Franchisees must also employ a full-time, qualified on-premises manager for the business.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Retail

Owner Participation

Supervisory

Territory Type

Non-Exclusive

Territory Size Requirements

The Mucho Burrito franchise is granted for a specific, approved location within a geographic area identified in the Franchise Agreement. Mucho Burrito evaluates proposed locations based on factors such as occupancy costs, proximity to major retail activity and other Mucho Burrito restaurants, sign visibility, traffic volume, parking availability, neighborhood economic profile, population density, accessibility, competition, and other tenants in the retail structure. The FDD does not specify a fixed radius, population, or square mileage for defining the territory size itself.

Staffing Notes

Mucho Burrito franchisees are solely responsible for hiring, firing, training, supervising, and compensating their employees. They must ensure that all employees directly interacting with the public can speak and read English, and any other language required to meet local public needs. Franchisees must also ensure their manager(s) and employees maintain high standards of sanitation, cleanliness, and demeanor, and wear franchisor-approved uniforms. At least one full-time, qualified on-premises supervisor, or manager, must be employed by the franchisee for the business, and this manager must dedicate their entire time during normal business hours to the management and operation of the business.