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Smashburger®

Food & Beverage Year: 2024
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What Is Smashburger?

Smashburger is a casual restaurant franchise featuring a menu of gourmet burgers, sandwiches, salads, shakes, floats, and other beverages. Franchise operations may include the sale of alcoholic beverages (wine and beer) subject to local liquor licensing, and the franchisor may authorize alternative formats including Special Venue Restaurants such as kiosks, mobile facilities, and locations within larger venues (for example, colleges/universities, convention centers, airports, hotels, sports facilities, theme parks, hospitals, transportation facilities, and convenience stores).

Smashburger Franchise: Pros and Cons

The franchisor’s heavy operator support—269 hours of initial training and a 100 training/support score (top 10% and top quarter, respectively)—shortens the learning curve, but the biggest risk is a steep maximum franchise fee of $500,000, well above typical Food & Beverage peers.

Pros

269 hours of initial training (top 10% across all systems) and a 100 training/support score (top quarter) — the franchisor invests heavily in preparing new operators, which should shorten the learning curve and improve operational competence out of the gate.
Zero franchisee-initiated judgments, zero franchisee settlements, zero government penalties, and zero franchisor-initiated enforcement actions (all well below typical for Food & Beverage) — a clean legal and compliance record that means fewer formal disputes and regulatory headaches to manage.
A $40,000 estimated minimum initial investment (bottom 5% for Food & Beverage) with $0 minimum reserves, assets, and training fees — low upfront and reserve requirements reduce the capital needed to get started and preserve cash on hand for opening.

Cons

$500,000 maximum franchise fee (well above typical for Food & Beverage) — the potential cost to acquire franchise rights can be significantly higher than peers, increasing your upside capital risk if the high end applies to your deal.
133 corporate-owned units (top 5% for Food & Beverage) — a very large corporate fleet raises questions about whether the franchisor prioritizes corporate expansion over growing and supporting independent franchisees.
6 reacquired outlets (well above typical for Food & Beverage) — a higher-than-normal number of buybacks suggests some franchisees have exited, indicating past operator turnover you should investigate further.

Territory Protection

45/100
NORMAL

Grants a protected operating area where franchisor will not place other units. The franchisor retains rights to develop nearby units, sell via e-commerce and alternative distribution channels within the market, and to acquire or convert locations; protection is contingent on meeting performance quotas and impacts market density and site-specific rights.

Training & Support

100
Excellent

The brand provides an extensive 269-hour training curriculum designed to prepare four individuals included in the initial franchise fee for launch. The program includes on-site launch assistance for operational readiness; franchisees are responsible for travel and living expenses, and additional fees apply for on-site support.

How Much Does It Cost to Open a Smashburger Franchise?

Opening a Smashburger franchise requires a total initial investment of $40,000 to $500,000, according to the 2024 Franchise Disclosure Document. This range covers the franchise fee, real estate, equipment, training, and initial working capital needed to launch and operate through the early months.

Minimum Investment

$40,000
Minimum Investment Breakdown
Franchise Fee
Real Estate
Equipment & Assets
Reserves
Training
Other

Maximum Investment

$500,000
Maximum Investment Breakdown

Minimum Investment Breakdown

Franchise Fee$40,000
Real Estate$0
Equipment & Assets$0
Reserves$0
Training$0
Other$0

Maximum Investment Breakdown

Franchise Fee$500,000
Real Estate$0
Equipment & Assets$0
Reserves$0
Training$0
Other$0

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

The initial investment amounts shown are estimates only. Actual costs may vary based on location size, business model, and multi-unit ownership arrangements. We recommend reviewing the full Franchise Disclosure Document for complete details.

Smashburger Franchise Earnings: Not Disclosed

Smashburger did not disclose financial performance data (Item 19) in their 2024 Franchise Disclosure Document. Not all franchisors choose to publish this information, which can make it harder for prospective owners to evaluate expected revenue before investing.

This franchise company did not publish these results.

Frequently Asked Questions

How much does it cost to open a Smashburger franchise?

The total initial investment for a Smashburger franchise ranges from $40,000 to $500,000, according to the 2024 Franchise Disclosure Document. This includes the franchise fee, real estate, equipment, training, and working capital.

What is the Smashburger initial franchise fee?

The initial franchise fee for Smashburger is $40,000, as stated in the 2024 FDD. This fee is paid upon signing the Franchise Agreement.

Does Smashburger disclose franchise revenue data?

Smashburger did not disclose financial performance data (Item 19) in their 2024 FDD. Not all franchisors choose to publish this information.

Does Smashburger have any franchise lawsuits or legal issues?

Smashburger received a legal risk score of 80 out of 100 in the 2024 FDD analysis. The Facts: Plaintiffs alleged deceptive advertising about the "Triple Double Burger" in a class action resolved in 2023 by a $2.5M settlement (alternatively vouchers); the case was dismissed upon certified payment and the settlement did not require admission of liability.

Does Smashburger offer exclusive franchise territories?

Smashburger received a territory protection score of 45 out of 100. Grants a protected operating area where franchisor will not place other units.

What training does Smashburger provide to new franchisees?

Smashburger received a training and support score of 100 out of 100. The brand provides an extensive 269-hour training curriculum designed to prepare four individuals included in the initial franchise fee for launch.

How many Smashburger franchise locations are there?

Smashburger had 210 total locations as of the 2024 Franchise Disclosure Document.

What type of business is Smashburger?

Smashburger is a casual restaurant franchise featuring a menu of gourmet burgers, sandwiches, salads, shakes, floats, and other beverages.

Interested in Smashburger?

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