How much is 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.
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 is a RocoMamas franchise in South Africa?
What would you like to enquire about? Do you have 60% of the set up cost being R2 760 000.00 and R2,2 million sufficient surety to borrow the balance of the funds required?
How much does it cost to franchise Five Guys?
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.
When did smashburger start franchising?
Facts & FiguresLiquid capital required$1,000,000Royalty5.0% - 6.0%Units in operation256Founded2007Franchising Since20083 more rows
How much is a KFC franchise?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
Which franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is McDonald's franchise fee?
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.
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
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 Wendy's franchise cost?
What does the initial franchisee fee cover? Does it include start-up supplies and training? The standard franchise fee is $50,000 for a franchise agreement with a term of 20 years.
Which franchise is most profitable in South Africa?
These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando's – from R7 million. Debonairs – from R2 million....Top 20 fast food franchises that make the most money in South Africa.BrandSteersRevenue (2017)R1.35 billionGrowth (from 2016)8.9%Franchises (2017)561Revenue per outletR2.4 million19 more columns•Aug 2, 2018
How much does a franchise cost in South Africa?
How much it costs to buy a franchise in South AfricaFranchiseSet-up costFranchise feeSteersR1 200 000R130 000SubwayR1 100 000CinnabonR1 000 000Burger PerfectR 970 750R 65 00022 more rows
How much does it cost to open a Steers in South Africa?
How much does the Steers franchise cost? Steers has a franchise fee of R68,000 up to R75,000 (excluding VAT), with a total initial investment range of R1. 97 million to R3. 75 million (excluding VAT).
How much is KFC franchise in South Africa?
It is hard to determine exactly how much KFC charges to open a new franchise; however, the number has been rumoured to be anywhere between five and six million. The price does typically increase if one is purchasing an existing KFC.
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 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.
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.
What is the Great Greek Mediterranean Grill?
The Great Greek Mediterranean Grill is a Fast-Casual franchise offering delicious, healthy, sought-after Greek food options with our authentic third generation recipes. We stand apart for our high quality ingredients, never-processed produce or meat, and outstanding hospitality.
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.
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!
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.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 116 franchised Smashburger locations in the USA.
Do they have computer and technology support in place?
Yes. Smashburger offers comprehensive support for franchisees. Unlock this franchise to find out more details.
Do they offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
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 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.
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 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 ...
Do franchisees get exclusive territory?
Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns or from other channels of distribution or competitive brands that the franchisor controls.
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.
About Franchise
We want to be the best burger restaurant for the next generation of burger lovers. Delivering this requires everything the Smashburger brand stands for: the highest quality ingredients; an exceptional “smashing” culinary technique; modern, inspired curated recipes; and menu variety that satisfies virtually all occasions and situations.
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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.
