Company Snapshot: Smashburger Master LLC
3900 East Mexico Avenue
Denver, CO 80210
Total Current Locations:
30 states, Canada, Costa Rica, Kuwait, Saudi Arabia
2013 Systemwide Sales:
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.