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Smashburger franchise financing options

Compare costs, fees and where to get financing for a Smashburger.

Overall costs for Smashburger run anywhere from $699,630 to $1,359,035. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

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 fees

Equipment fees total $220,105 for Smashburger. This costs more than the $180,023 average for the top 200 franchises.
Equipment Cost
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 fees

Real estate will set you back $667,128 for Smashburger, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
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 fees

Smashburger initial training costs total $65,350 — more than the nationwide average of $9,788.
Training Cost
Training expenses $31,900 to $98,800
Estimated total $31,900 to $98,800

Inventory costs

Initial inventory for Smashburger shakes out to $17,500. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory and supplies $15,000 to $20,000
Estimated total $15,000 to $20,000

Marketing costs

Advertisement and marketing costs total up to $10,000 for Smashburger, which is more than the nationwide average of $9,938.
Marketing Cost
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 costs

Smashburger 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 costs

Initial insurance costs for Smashburger run $15,000. This means you'll be paying more than the overall nationwide average of $6,311.
Insurance Cost
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 expenses

Miscellaneous expenses for Smashburger total $27,750 — less than the nationwide average of $69,970.
Other Cost
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
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Smashburger is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Smashburger franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Smashburger about in-house financing for franchisees.
  3. 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.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. 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.
Also check if Smashburger franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
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How Smashburger stacks up

Compare 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 line

Smashburger 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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