Company Snapshot: Smashburger Master LLC

Address:
3900 East Mexico Avenue
Suite 1200
Denver, CO 80210

Telephone:
303-633-1500

Internet Homepage:
www.smashburger.com

Total Current Locations:
260+

Trading Areas:
30 states, Canada, Costa Rica, Kuwait, Saudi Arabia

2013 Systemwide Sales:
$228,000,000

Senior Executives:
Founder, Chief Concept Officer: Tom Ryan
CEO, President: Scott Crane
COO: Greg Creighton

Recently named as one of Forbes Most Promising Companies for 2014, Smashburger has managed to thrive through the recession years and has its sights set on a prosperous and expanding future. It is currently seeking qualified franchisees for multi-unit development across most of the U.S. and internationally. Minimum criteria require five years of multi-unit restaurant management experience and $1.5 million in net worth (individually or in a partnership). The average unit volume exceeds $1.1 million, and a weekly 5.5% royalty is required.

Smashburger restaurants average 1,600-2,200 square feet with seating for 40-70 patrons. Major markets require a population of 75,000 within a three-mile radius, and secondary markets are expected to have 40,000-50,000 within a three-mile radius. The average household income within that magic three-mile radius is $60,000. The company is also seeking entry into more non-traditional concession-style locations such as airports, and to that end it recently entered into a consulting relationship with Innovative Strategies. Smashburger expects to open 75 new restaurants in 2014 and systemwide sales to climb to $300 million.