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SMASHBURGER
Smashburger Franchising LLC grants franchises for operating Smashburger restaurants featuring gourmet smash burgers, sandwiches, salads, shakes, floats, and other beverages in a casual fast-casual atmosphere. The business model emphasizes multi-unit development agreements for opening multiple locations in defined territories, with initial investments ranging from $1.17M to $2.18M per restaurant, targeting franchisees interested in scalable growth. It serves consumers seeking high-quality, customizable quick-service meals in relaxed dining environments.
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Franchise Costs
5.5% royalty + 2.25% marketing fund + $1500/mo lease review fee + $4.75/day gift card service fee + $49.08-$51.24/mo music fees
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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Unlock financial performance dataHow SMASHBURGER Compares
Key Insights
- Higher investment than 86% of Fast Food franchises
- Lower than average SBA loan default rate in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
SMASHBURGER Current | $1.2M – $2.3M | $40K | 5.5% | 53 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| LITTLE CAESARS | $377K – $1.8M | $20K | 6.0% | 3,788 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| KFC (NON-TRADITIONAL) | $1.2M – $4.2M | $45K | N/A | 3,404 |
| SONIC DRIVE-IN | $1.5M – $2.5M | $15K | 5.0% | 3,120 |
Fast Food Average 133 franchises | $603K – $1.6M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 133 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+14 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for SMASHBURGER franchisees (2011 – 2024)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
13 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
49 franchisee contacts on file from official FDD filings.
49 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
One class action lawsuit regarding deceptive advertising of a menu item.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a SMASHBURGER franchise ranges from $1,239,500 to $2,255,500. This includes a franchise fee of $40,000. Ongoing royalty fees are 5.5% of gross sales.
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