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Smashburger

Smashburger

4 locations

The total investment to open a Smashburger franchise ranges from $243,730 - $1.0M. The initial franchise fee is $40,000. Ongoing royalties are 5% plus a 2% advertising fee. Smashburger currently operates 4 locations (4 franchised). The top SBA 7(a) lenders for Smashburger are Fulton Bank, Enterprise Bank & Trust and First Community Bank. PeerSense FPI health score: 33/100. Data sourced from the 2025 Franchise Disclosure Document.

Investment

$243,730 - $1.0M

Franchise Fee

$40,000

Total Units

4

4 franchised

FPI Score
Medium
33

Proprietary PeerSense metric

Limited
Capital Partners
5lenders available

Active capital sources verified for Smashburger financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Emerging (3-9 loans)

Medium Confidence
33out of 100
Limited

SBA Lending Performance

SBA Default Rate

20.0%

1 of 5 loans charged off

SBA Loans

5

Total Volume

$2.5M

Active Lenders

5

States

4

Top SBA Lenders for Smashburger

What is the Smashburger franchise?

Smashburger operates within the dynamic and highly competitive Limited-Service Restaurants category, a segment of the food service industry characterized by its emphasis on speed, convenience, and consistent product delivery. The brand distinguishes itself within this expansive marketplace, aiming to capture the attention of consumers seeking quality dining experiences in a quick-service format. While specific details regarding the foundational narrative, the visionary individuals who originally conceived the brand, or the precise year of its establishment are not explicitly provided within the available data, Smashburger’s presence in the market is firmly established within the Limited-Service Restaurants framework. The company's headquarters are identified as None, CA, which may suggest a particular administrative arrangement or a decentralized operational model at the corporate level. The core mission of a brand within the Limited-Service Restaurants sector is typically to offer a streamlined ordering and preparation process, ensuring that customers receive their meals promptly without compromising on taste or quality. Smashburger’s positioning in this environment necessitates a focus on differentiation, whether through its menu offerings, preparation techniques, or overall customer interaction. The competitive landscape for Limited-Service Restaurants is vast and includes numerous established players as well as emerging concepts, all vying for consumer loyalty and market share. In such an environment, a brand like Smashburger must consistently innovate and deliver on its value proposition to maintain relevance. The FPI Score for Smashburger is 33, a metric that provides an initial quantitative assessment of its franchise potential and overall brand health within the franchising ecosystem. This score offers a benchmark for evaluating the brand's attractiveness as an investment, though the specific criteria contributing to this numerical value are not detailed. With

FPI Score

33/100

SBA Default Rate

20.0%

Active Lenders

5

Key Highlights

Data Insights

Key performance metrics for Smashburger based on SBA lending data

SBA Default Rate

20.0%

1 of 5 loans charged off

SBA Loan Volume

5 loans

Across 5 lenders

Lender Diversity

5 lenders

Avg 1.0 loans per lender

Investment Tier

Significant investment

$243,730 – $1,048,500 total

Smashburger — Deep SBA Data

Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2016

3 approvals — best year on record for Smashburger.

Top SBA State

California

2 SBA-financed Smashburger locations — the densest operator footprint.

Average Loan Size

$603K

Median $450K — use as a sizing anchor when modeling your own $Smashburger unit.

Lender Concentration

38.5%

Moderately Spread

Share of Smashburger approvals captured by the top 3 SBA lenders.

Smashburger's SBA lending pipeline peaked in 2016 (3 approvals). The last five fiscal years account for 60% of cumulative volume ($1.4M approved). Operator density is highest in California with 2 SBA-financed locations. Average funded ticket sits at $603K, with the median at $450K. Lender mix is moderately spread: the top three SBA lenders account for 38.5% of approvals — meaningful choice exists but specific lenders carry the brand.

Payment Estimator

Loan Amount$195K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$2,523

Principal & Interest only

Locations

Smashburgerunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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Smashburger