How much does a Smashburger franchise cost? Smashburger has a franchise fee of up to $40,000, with a total initial investment range of $743,130 to $1,404,535. Initial Franchise Fee: $40,000
Is Smashburger a chain or franchise?
Smashburger IP Holder LLC, doing business as Smashburger, (stylized as SmasHBURGER), is an American fast-casual hamburger restaurant chain founded in Denver, Colorado. As of 2018, it has more than 227 corporate and franchise-owned restaurants in 35 U.S. states and the District of Columbia and 2 Canadian provinces.
Is Smashburger a franchise company?
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.
How much does a Five Guys franchise cost?
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.
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.
How many Smashburger locations are there?
There are 216 Smashburger stores in the United States as of October 26, 2022. The state with the most number of Smashburger locations in the US is Colorado, with 28 stores, which is about 13% of all Smashburger stores in the US.
When did smashburger start franchising?
Facts & FiguresLiquid capital required$1,000,000Royalty5.0% - 6.0%Units in operation256Founded2007Franchising Since20083 more rows
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
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.
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.
Where does smashburger get their meat?
Smashburger only uses 100% certified Angus beef in their burgers. The cows are “grain fed, grass finished” in the Midwest and the beef is shipped fresh. Only 8% of the beef used in burgers is certified Angus in the US and Smashburger uses 40% of that. All the buns are baked at a facility in Chicago.
What's the difference between a hamburger and a Smashburger?
A smashburger is a style of hamburger typified by the patty being extremely thin and cooking very quickly. This is normally achieved by rolling the ground beef into a ball, which is then pressed flat using a solid-faced spatula, possibly assisted by a wooden dowel, dragging the spatula backward to “smear” the meat.
Does Shaquille Oneal own Five Guys?
Since he announced his retirement in 2011, the NBA star has become the owner of 155 Five Guys hamburger establishments, which represented 10% of the total company. (He would later sell the franchises.) O'Neal also owns 17 Auntie Anne's Pretzels restaurants and has invested in nine Papa John's restaurants.
How is Five Guys doing financially?
As of 2021, a typical Five Guys location makes about 1.2 million dollars a year, and Five Guys as a whole actually saw a 3% sales growth in 2020, so Five Guys fans have nothing to worry about.
Who owns 5 Guys Burgers?
Five Guys Holdings, Inc.Five Guys / Parent organization
Do fast food franchises make money?
Fast food franchises are incredibly profitable compared to other types of businesses. According to a McKinsey study, the average fast-food franchise makes a gross profit of more than 20 percent on revenues of $2.5 million per year. That's more than twice the profitability of the average small business.
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].
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.
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.
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 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.
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.
What is a Smashburger franchise?
The franchise is the right to establish and operate a Smashburger restaurant featuring hamburgers, sandwiches, salads, other food items and beverages. The franchisor may elect to grant franchisees a franchise for a single Smashburger restaurant, but will primarily offer the right to enter into a Multi-Unit Development Agreement to acquire ...
How long does it take to train a Smashburger franchisee?
Training Overview: The initial training program involves approximately six weeks of training at one of the franchisor’s principal offices (currently, Denver Colorado) or at another location it designates and on-site training at the franchisee’s restaurant immediately before the scheduled opening. Mandatory trainees include: franchisees (or their managing owner) and designated manager (if applicable) and such other of their personnel that the franchisor specifies. If franchisees are developing their first or second Smashburger restaurant, at no additional cost to them, the franchisor will send a training team to the restaurant to assist with the grand opening (and the franchisor will determine the identity and composition of that training team). If this is the franchisee’s third or subsequent Smashburger restaurant, the franchisor will send a lead trainer to assist with the grand opening of the restaurant, although the franchisor reserves the right to send a training team to assist the lead trainer in providing grand opening support for the third or subsequent restaurant, if the franchisor deems it necessary. The franchisor may require franchisees (or their managing owner), their designated manager (if applicable) and other previously trained and experienced employees to attend and satisfactorily complete various training courses that the franchisor periodically chooses to provide at times and locations that it designates.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 15 years. If franchisees meet the requirements, they may extend for one additional term of 15 years. For Multi-Unit Development Agreements, the term ends on the scheduled opening date of the last restaurant as specified on Development Schedule. If multi-unit development franchisees are granted exclusivity with respect to their development rights, they will be allowed to extend the term, subject to certain terms.
Who is responsible for the management of a restaurant?
Franchisees (or their managing owner) are responsible for the management, direction and control of the restaurant, subject to the terms and conditions of the Franchise Agreement. Franchisees (or their managing owner) must supervise the management and operation of the restaurant and continuously exert best efforts to promote and enhance ...
When is Smashburger's FDD?
The above information has been compiled from the FDD of Smashburger. Year of FDD: 2021.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s promissory notes, mortgages, leases or other obligations.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
What is Smashburger?
Smashburger is a fast-casual burger restaurant chain featuring hamburgers, sandwiches, salads, and other food items and beverages.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 116 franchised Smashburger locations in the USA.
Who owns Smashburger?
16. Smashburger was founded in 2007 by two restaurant industry veterans, Tom Ryan and Rick Schaden, in Denver, Colorado. Ryan had helped develop Pizza Hut’s famous stuffed crust pizza and Schaden was a former owner of Quizno’s. Using $15 million in capital, Ryan and Schaden purchased a former burger restaurant and applied upgraded cooking and management techniques for a higher-end burger concept. After several months, Ryan and Schaden were ready to open the first Smashburger.
How to calculate Smashburger gross sales?
To calculate the average annual Gross Sales for all 303 Mature Restaurants, Smashburger added, for each classification (Mature Traditional Restaurants and Mature Special Venue Restaurants), the Gross Sales generated during the Measurement Period by all Mature Restaurants in each classification (272 Mature Traditional Restaurants and 31 Mature Special Venue Restaurants), then divided that number by the number of Smashburger Restaurants in that classification.
What is Smashburger section 3?
Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Smashburger franchise, based on Items 5 and 6 of the company’s 2019 FDD. Section IV – Number of franchised and company-owned Smashburger outlets at the start of the year and the end of the year for 2016, 2017, and 2018, based on Item 20 of the company’s 2019 FDD.
How long was Smashburger's fiscal year?
The chart below shows the average annual Gross Sales for the Measurement Period (i.e. Smashburger’s 2018 fiscal year, a 52-week period, which began January 1, 2018 and ended on December 30, 2018) for:
Who is the head of finance at Smashburger?
8. Sayre, who joined Smashburger in July 2016, is now the company’s vice president and head of finance. Prior to joining Smashburger, Sayre had worked as a financial and investment analyst for different companies and played a crucial role in the international go-to-market strategies of World Wrestling Entertainment and the mergers and acquisitions valuation of Mooreland Partners. As head of finance, Sayre is responsible for ensuring the brand’s sustainable profit model in the years to come.
Who is the vice president of marketing for Smashburger?
15. According to Scott Johnson, vice president of marketing for Smashburger, “Smashburger has grown into one of the leading burger restaurants in the world over the last 12 years thanks to our incredible fans. We want to show our appreciation by offering our loyal fans a sizzling deal on their favorite burger and encourage new fans to discover the famous Smashburger flavor.”
Does Smashburger have mature restaurants?
For purposes of making the calculations described in Item 19 and to eliminate start-up volatility, Smashburger has included the results of only the Mature Restaurants (i.e. those that were in operation for at least one year as of December 30, 2018), which means that it eliminated from the data 10 franchised Smashburger Restaurants that opened during the course of its 2018 fiscal year.
Company Overview
After over 20 years working in the restaurant industry, for companies such as McDonald's, Long John Silver's, Pizza Hut and Quiznos, Tom Ryan started his own restaurant in 2007: Smashburger. Named for the way its burgers are cooked (by smashing a ball of ground beef onto the grill), Smashburger offers customers a variety of bun and topping choices.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Smashburger Franchising LLC franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Smashburger Franchising LLC landed on this year’s Franchise 500 Ranking versus previous years.