Smashburger Ranked America's Most Promising Company by Forbes Magazine
DENVER--(BUSINESS WIRE) -- Smashburger, the nation’s fastest growing better burger concept, is pleased to announce that it has been ranked No. 1 on Forbes first annual America’s Most Promising Companies list. The Forbes‘ list of America’s Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data”
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
Smashburger is the country’s fastest growing better burger restaurant concept, known for its juicy burgers that are smashed fresh, served delicious, along with its premium menu offering that includes grilled and crispy chicken sandwiches, fresh entrée salads and an array of signature sides. There are currently 143 Smashburger locations nationwide and the company is on track to reach the 500 unit milestone within the next few years through partnerships with experienced multi-unit franchisees as well as corporate store growth. The company also recently announced its plans to expand into the Middle East and Canada through a combination of franchise partnerships and corporate locations.
"We are thrilled to join this impressive list of America’s 100 Most Promising Companies and are honored to be recognized for our rapid growth and innovative concept," commented Dave Prokupek, chairman and CEO of Smashburger. "This is a humbling and proud day here at Smashburger, and we could not have succeeded without the tremendous loyalty of our customers, the support of our franchise partners and the commitment of our incredible team. We look forward to the next chapter and continued opportunity to grow our brand."
About Forbes’ America’s Most Promising Companies List
Forbes’ new list of America’s Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital. To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
Smashburger is the country’s fastest growing, fast casual “better burger” restaurant. Its hand-crafted burgers are made with fresh, never frozen, 100% Certified Angus Beef, that are “smashed”, seared and seasoned on the grill to juicy perfection for every individual order. Guests can create their own burger masterpiece or enjoy one of Smashburger’s innovative signature recipes, including a unique burger for every local market that highlights the distinctive flavors of that region. Smashburger also serves tender marinated grilled or crispy chicken sandwiches, grilled and split hot dogs, freshly prepared entrée salads, kids meals, handspun Häagen-Dazs shakes and an array of signature sides. Developed and owned by private equity firm Consumer Capital Partners (CCP), Smashburger operates and develops both corporate and multi-unit franchise territories across the country with 143 restaurants nationwide. Smashburger was also named to the 2011 Inc. 500 list and is the recipient of the International Council of Shopping Centers 2011 Hot Retailer Award. To learn more, visit www.smashburger.com.