Friday, May 21, 2010

Smashburger Franchise

Smashburger signs franchise deal for 13 Nashville restaurants
Denver Business Journal - by Eric Snyder Nashville Business Journal

Denver's Smashburger has signed an agreement with franchisee Winding River Restaurants LLC to operate 13 restaurants in the Nashville area.

Joseph Henry, Winding River’s VP of operations, said the first new outlet for the burger chain should be open in Nashville this fall. Henry said Winding River is working with Vision Realty as it looks at six different parcels, though he declined to say which might become the first location.

Henry said the 13 restaurants are planned to open over the next four years. In addition to Nashville, Henry said Mississippi-based Winding River is interested in putting the restaurants in Clarksville, Murfreesboro, Hendersonville and other Nashville suburbs.

“From a culinary perspective, Nashville likes its burgers very much, and (is) open to new flavors,” Henry said.

Last month, Smashburger announced plans to open more than 60 stores this year, including franchise outlets in Florida, Louisiana, Kentucky and North and South Dakota as well as company-owned eateries in Atlanta and the Chicago area.

In the year's first quarter, Smashburger opened 15 restaurants in 11 markets, bringing its total to 58. It projects 100 stores by year's end.

The company has previously said that it expects to have some 350 locations open in five years through franchise and joint-venture agreements.

The Smashburger chain is owned by private equity firm Consumer Capital Partners (CCP), which also owns a majority of Denver's Quiznos submarine-sandwich chain. Richard E. (Rick) Schaden is both chairman and CEO of CCP and of Quiznos.

Read more: Smashburger signs franchise deal for 13 Nashville restaurants - Denver Business Journal

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