Smashburger Expanding To Iowa With Franchise Deal

Bizjournals.com:

Restaurant company Smashburger Master LLC said it has reached a franchise deal that will bring 16 new locations to central Iowa.

Denver-based Smashburger, a unit of private equity firm Consumer Capital Partners, said the deal with Smashguys LLC is its eighth franchisee agreement to date.

With the new Iowa stores, the “better burger” fast-casual chain said it will have deals for 167 franchise locations.

The company website lists 12 currently open stores, all in Colorado except one in Texas and one in Kansas.

Terms were not announced. The first Iowa restaurant is expected to open by the end of 2009, with the remainder opening over the next four years.

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