Smashburger Named Among Top 10 on Forbes List of America’s Most Promising Companies
DENVER - January 23, 2014 - (BUSINESS WIRE) - Smashburger, the leading better burger restaurant, today announced it has ranked number six on Forbes third annual America's Most Promising Companies list. Chosen from hundreds of applicants this year, the Forbes list recognizes the nation's top 100 privately-held, high-growth companies with compelling business models and strong management teams, as well as notable customers and investors. Smashburger previously ranked number one on the inaugural list and did not apply for the list last year.
"2013 was another strong year for Smashburger and we are thrilled to be a part of Forbes' annual list once again this year," commented Scott Crane, CEO of Smashburger. "We are extremely proud to be distinguished again as one of the nation's top 10 most promising companies. The fast casual industry has clearly resonated with the American consumer and we are pleased to be recognized as the only fast casual player on this list."
Smashburger is known for its juicy burgers made from certified Angus beef and smashed to order, along with its premium menu offering that includes grilled chicken sandwiches, fresh entrée salads and an array of signature sides. Smashburger's menu also features a variety of regional recipes, craft beers, and hand-spun Häagen-Dazs shakes. There are currently 255 Smashburger locations worldwide 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 its own investment in corporate store growth.
About Forbes' America's Most Promising Companies List & Methodology
Forbes' third annual list of America's Most Promising Companies recognizes 100 privately-held, high-growth companies. Companies that made the cut boast compelling business models, strong management teams, as well as notable customers and investors. Forbes strove for a holistic gauge of young, privately-held businesses, attempting to pin down their trajectories by taking a range of variables into account. Over the course of four months Forbes reviewed hundreds of applications. The final assessment is based on growth (both in sales and hiring), quality of management teams and investors, margins, market size and key partnerships. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking. The full list of companies is available online at www.forbes.com/most-promising-companies/list/ and will be available on newsstands in the February 10 issue.
Smashburger is a leading fast casual "better burger" restaurant with more than 250 corporate and franchise restaurants operating in 30 states and in four international countries. The company began in 2007 with the vision of Rick Schaden and funding by Consumer Capital Partners—the private equity firm that he and his father Richard own. By offering fresh, premium "smashed to order" burgers, chicken sandwiches, salads, signature side items and hand-spun Häagen-Dazs shakes, Smashburger has modernized the way people think about burgers. Known for localizing its menu in every market with regionally inspired burgers, side items and local craft beers, Smashburger has received numerous awards, including topping Fast Casual's 2012 Top Mover & Shakers list, being named America's Most Promising Company by Forbes magazine in 2011, and being featured on the INC. 500 List of America's Fastest Growing Companies. Smashburger regularly receives "best burger" awards in cities around the world. To learn more, visit www.smashburger.com.
About Consumer Capital Partners
Consumer Capital Partners is an innovative investment and operating company, focused on starting up, operating and investing in consumer, franchising and lifestyle brands. Consumer Capital Partners also engages in modern channels of giving across a broad spectrum of contemporary causes. To learn more about CCP, please visit www.consumercp.com.