The Counter and Built Custom Burgers become part of the MTY portfolio.
Multiconcept operator MTY will buy better-burger concepts The Counter and Built Custom Burgers from parent company CB Franchise Systems. The deal is expected to close in December. Other terms of the agreement were not disclosed.
The Counter and Built networks currently combine for 41 franchised locations and 3 corporate-owned locations, per a release announcing the deals. Of those 44 restaurants, 34 are in the United States, 1 is in Canada and 9 are located overseas. In the last 12 months, the combined networks generated more than $81 million in system sales.
Following the closing of the transaction, the head office of The Counter and Built will move from its current location in Culver City, Calif., to MTY's office in Scottsdale, Ariz.