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Smashburger franchise financing options
Compare costs, fees and where to get financing for a Smashburger.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Smashburger franchise may result in higher or lower fees.
Equipment feesEquipment fees total $220,105 for Smashburger. This costs more than the $180,023 average for the top 200 franchises.
|Furniture, fixtures and equipment||$116,495 to $203,550|
|Signage||$18,860 to $39,905|
|IT and point-of-sale system||$21,900 to $39,500|
|Estimated total||$157,255 to $282,955|
Real estate feesReal estate will set you back $667,128 for Smashburger, thought it's less than the average of $788,376 for the top 200 franchises.
|Leasehold improvements||$446,315 to $748,880|
|Three months' rent||$9,000 to $75,500|
|Security deposit and business licenses||$1,560 to $50,000|
|Lease review fee||$1,500 to $1,500|
|Estimated total||$458,375 to $875,880|
Training feesSmashburger initial training costs total $65,350 — more than the nationwide average of $9,788.
|Training expenses||$31,900 to $98,800|
|Estimated total||$31,900 to $98,800|
Inventory costsInitial inventory for Smashburger shakes out to $17,500. This is less than the nationwide average of $53,119.
|Opening inventory and supplies||$15,000 to $20,000|
|Estimated total||$15,000 to $20,000|
Marketing costsAdvertisement and marketing costs total up to $10,000 for Smashburger, which is more than the nationwide average of $9,938.
|Grand opening advertising||$10,000 to $10,000|
|Local advertising||Up to 3% of gross sales.|
|Estimated total||$10,000 to $10,000|
Licenses and permits costsSmashburger initial licenses and permits will set you back $6,500. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Liquor license||$1,600 to $11,400|
|Estimated total||$1,600 to $11,400|
Insurance costsInitial insurance costs for Smashburger run $15,000. This means you'll be paying more than the overall nationwide average of $6,311.
|Insurance premium||$10,000 to $20,000|
|Insurance||Variable (estimated to be between $5,000 to $15,000).|
|Estimated total||$10,000 to $20,000|
Other expensesMiscellaneous expenses for Smashburger total $27,750 — less than the nationwide average of $69,970.
|Miscellaneous opening costs||$500 to $5,000|
|Professional fees||$5,000 to $15,000|
|Three months' additional funds||$10,000 to $20,000|
|Estimated total||$15,500 to $40,000|
How to financeSince the estimated total for Smashburger is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Smashburger franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Smashburger about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $1,029,333 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Smashburger — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Smashburger opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $699,630. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Smashburger stacks upCompare how Smashburger holds up against two similarly sized franchises.
|Huntington Learning Center||Smashburger||sweetFrog Frozen Yogurt|
|Average Franchise fees||$28,000||NA||$22,500|
|Average Equipment fees||$39,730||$220,105||$104,550|
|Average Real estate fees||$43,000||$667,128||$114,750|
|Average Training fees||$22,272||$65,350||$1,500|
|Average Inventory fees||$6,000||$17,500||$7,000|
|Average Marketing fees||$19,124||$10,000||$7,500|
|Average Licenses and permits fees||NA||$6,500||$2,500|
|Average Insurance fees||NA||$15,000||$3,500|
|Average Admin fees||$6,125||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$30,750||$27,750||$22,500|
Bottom lineSmashburger franchise costs run a total of $1,029,333. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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