Industry News | January 13, 2009

Lucky No. 3 for Smashburger

Smashburger has secured its third franchisee and “Founders Club” member, SB Alamo Development, LLC. This latest franchise agreement brings the total number of Smashburger franchise locations to 105, as well as a 10-store joint venture, announced since October 2008.

Based in San Antonio, SB Alamo Development, LLC principals Lawrence F. Harris, Allen J. Jones and Jason R. Kemp collectively bring more than 80 years of restaurant industry experience to Smashburger with brands such as Pizza Hut, PepsiCo Foods International, Boston Market, and Applebee’s. In addition, Harris, Jones and Kemp currently operate 22 Buffalo Wild Wings, 30 Little Ceasers, and 15 Zio’s Italian Kitchens.

SB Alamo Development is Smashburger’s third “Founders Club” member—a designation reserved for only the first five large franchisees to join the Smashburger team. “Founders Club” members will provide valuable input on the future direction of Smashburger and will act as field counsel on critical decisions as Smashburger grows.

“We know that corporate growth will take us only so far in our quest to be the top ‘better burger’ in the country, which is why partnerships with quality franchisees like SB Alamo are critical,” says David Prokupek, Managing Partner and Chief Investment Officer of Consumer Capital Partners.

SB Alamo hopes to have its first location in operation in San Antonio no later than April 2009 and all 45 of its stores opened over the next eight years. The new location in San Antonio will complement Smashburger’s current corporate footprint of ten stores in Denver, Wichita and Houston, as well as 70 locations under development in Texas, Kansas, New Jersey, Colorado, Oklahoma, and South Dakota.

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