Smashburger Scores Its Eighth Franchisee
Written by Miriam Lamey
Burger chain will now be able to expand into a new state.
Smashburger will soon have 167 U.S. locations, thanks to its acquisition of Smashguys LLC as its eighth franchisee.
The company is funded by Consumer Capital Partners and presents a healthy burger and fast food concept, appealing to those who want to watch waistlines without sacrificing their favorite foods.
This is inspiring news for entrepreneurs, as Smashguys will open 16 new locations, potentially around the central Iowa area.
Scott Crane, Smashburger president, expressed his satisfaction at the completed deal.
"Smashburger is a proven concept and well on its way to becoming the region's favorite burger place. Smashguys shares our vision, and were thrilled to have them on board," he said.
The unique restaurant name came from the method by which the burgers are created, for a ball of beef is literally smashed onto the grill in order to retain a hearty flavor.
Originating in Denver, Colorado, Smashburger aims to continue expanding across the Midwest, opening more than 200 locations in the next five years.
Have Friends Who Might Like This Article?
Share this on Twitter
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
About Our Entrepreneur News
If you liked this small business news article, you can find plenty more like it on our site. We cover important news stories for entrepreneurs. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover things like writing a business plan, hiring and firing employees, selling a business and much more.