The average Smashburger salary ranges from approximately $27,478 per year for Management Trainee to $169,022 per year for Vice President of Supply Chain. Average Smashburger hourly pay ranges from approximately $10.90 per hour for Franchise Manager to $15.82 per hour for Assistant Manager.
Full Answer
How much does it cost to buy a Smashburger franchise?
Smashburger Franchise Cost / Initial Investment / Smashburger Franchise. The total investment to open a Smashburger restaurant franchise is $321,250 to $773,250, with liquid cash available of $1 million. The franchise fee is $40,000.
Is Burger King profitable to own a franchise?
Again your rent costs, local expenses and other factors will greatly impact your net, however a 6% net revenue figure seems to be a reasonable average, putting an average Burger King franchise profit at about $85,000 per year. Again, some locations lose money, some are earning far in excess of this number.
How much do McDonald's franchisees make?
A high traffic area with low rents and payroll is the ideal scenario, but it can be hard to find good territories. Keep in mind that McDonald's franchises can and do lose money, and some can net half a million dollars or more. The general consensus is that a reasonable average net expectation for a McDonald's is around $150k per year.
Who is the founder of Smashburger?
Smashburger Franchise Opportunities – History. Founded in 2007 by Tom Ryan, a restaurant industry veteran who has extensive experience with McDonald’s, Pizza Hut and Long John Silver’s and who is the creator of McGriddles and the McFlurry and stuffed crust pizza, Smashburger has received many best-burger accolades.
How much does it cost to open a Smashburger franchise?
According to FranchiseMall.com, the initial investment for a Smashburger franchise is between $545,500 and $894,500, with an initial smashburger franchise fee of $40,000. The brand's ongoing royalty fee ranges from 5 percent to 6 percent, and they charge an advertising fee of 2 percent.
How much is a five guy franchise?
between $152,600 and $360,300The total minimum investment needed in order to be considered for a Five Guys franchise is between $152,600 and $360,300 which requires a $25,000 initial franchising fee, and a twenty year agreement term. The Five Guys Burgers and Fries restaurant opened in 1986, and began offering franchise opportunities in 2002.
Is Smashburger a chain or franchise?
Franchise Description: The franchisor is Smashburger Franchising LLC. The franchisor's parent company is Jollibee Foods Corporation. The franchise is the right to establish and operate a Smashburger restaurant featuring hamburgers, sandwiches, salads, other food items and beverages.
What is so special about a Smashburger?
The every bite a better burger experience is known for their namesake smashing technique – smashing a fresh, never frozen, 100% Certified Angus Beef hand-packed ball of meat on a hot seasoned grill – delivering an elevated burger experience, where every bite is made to savor.
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
When did smashburger start franchising?
Facts & FiguresLiquid capital required$1,000,000Royalty5.0% - 6.0%Units in operation256Founded2007Franchising Since20083 more rows
What kind of meat does Smashburger use?
At Smashburger, our technique — smashing a fresh, never frozen, 100% Certified Angus Beef® hand-packed ball of meat on a hot seasoned grill — results in a delicious burger standing alone in taste, texture, and juiciness.
Does smashing a burger dry it out?
Smashing them flat and thin then sounds like a recipe for dry, gross burgers. Not so! As Kenji has shown, it's exceedingly hard to press juices out of uncooked meat. It's only once the proteins start to coagulate and the fats start to render that the juice gets loose inside a patty.
Are Smash Burgers healthy?
High in calories, low in fiber, and shockingly high in sodium, the SmashBurger is saved from the bottom rung by its high protein content. This burger ties for second highest in calories and falls in the middle ground for sodium, but it has the highest protein count of the burgers we looked at.
Is 5 Guys a franchise?
Opening a Five Guys franchise requires an initial investment ranging anywhere from $306,200 to $641,250, according to the Franchise Disclosure Document. However, this investment is much less than the initial investments other fast food powerhouses require of their franchisees.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Who owns five guys now?
Five Guys Holdings, Inc.Five Guys / Parent organization
How much does a Wendy's franchise cost?
$2,000,000 to $3,700,000The estimated total investment required to begin operation of a new restaurant normally ranges from $2,000,000 to $3,700,000. Will I be assigned an exclusive territory? Wendy's does not currently provide exclusive areas to franchisees. The franchise agreement is issued for the specific restaurant location only.
How much does Smashburger make?
In only five years the company has grown impressively to its widening breadth, pulling down $54 million in annual revenue and planning another 450 franchise locations.
What is Smashburger franchise?
Franchise. Start your business! Smashburger is a national chain of hamburger restaurants that etches its own market niche with its unique method of cooking burgers, by “smashing” a ball of be ef on the grill to “sear in the juices.”. The chain also customizes its menu for each respective state in which it opens restaurants, based on regional tastes.
What states does Smashburger serve?
Areas of desired expansion include Pacific Northwestern states, and the cities of Dallas, Houston, Chicago, Washington, D.C., Boston and others. Though it concentrates on burgers, Smashburger also serves chicken sandwiches, hot dogs and salads.
When was Smashburger named Hot Concepts?
The restaurant was named on the “Hot Concepts list by Nation’s Restaurant News in 2009, and in 2010, Smashburger was named one of the top burgers of the year by Las Vegas Weekly.
How much does it cost to open a Smashburger?
The total investment to open a Smashburger restaurant franchise is $321,250 to $773,250, with liquid cash available of $1 million. The franchise fee is $40,000.
Where is Smashburger located?
Smashburger, based in Denver, Colorado, operates nearly 150 franchise locations, concentrated mostly in Colorado and Texas, but also California, Utah, Arizona , the Midwest, Michigan, Ohio, Kentucky, and as far east as New York.
Who is the founder of Smashburger?
Founded in 2007 by Tom Ryan, a restaurant industry veteran who has extensive experience with McDonald’s, Pizza Hut and Long John Silver’s and who is the creator of McGriddles and the McFlurry and stuffed crust pizza, Smashburger has received many best-burger accolades.
Who are Smashburger franchisees?
Smashburger franchisees are proven multi-unit operators, leaders in the industry whose energy, passion and entrepreneurial spirit fuel an eagerness to feed hungry burger lovers.
What is Smashburger corporate?
The Smashburger corporate team is dedicated to ensuring the success of the Smashburger franchisees so Smashburger can become every city's favorite burger place. The Smashburger corporate team has a variety of backgrounds, including operations, real estate, marketing, public relations, human resources, purchasing and information technology. The Smashburger team specializes in helping Smashburger franchisees during pre-opening, grand opening and provides on-going support.
How many years of restaurant management experience?
Five years multi -unit restaurant management experience as an owner and/or operator
Does Smashburger succeed?
Smashburger succeeds if our franchisees succeed, and we are committed to your success!
HOW SMASHBURGER SUPPORTS FRANCHISEES
You are supported throughout every step of our process. Our talented team of Franchise experts will guide you through site selection criteria, construction and décor, all the way up to sending a team to help Train and open your first two units.
FRANCHISE CRITERIA
Are you interested in joining us? If you have a proven track record in the restaurant realm and are financially capable, please contact us via email at [email protected].