Smashburger plans to more than double footprint in US
Smashburger, a fast casual burgers restaurant chain owned by investment company Consumer Capital Par…Smashburger, a fast casual burgers restaurant chain owned by investment company Consumer Capital Partners, plans to have around 500 outlets across the US over the next two to three years.
The Denver-based chain, which presently operates 200 outlets across the country, is considering IPO route for the expansion.
Smashburger chairman and CEO Dave Prokupek told Bloomberg that the company is on course to open around 65 outlets in 2013.
"The idea of good food fast isn't going to go away anytime soon," Prokupek added.
Smashburger, which operates stores in Kuwait and Costa Rica, is eyeing overseas markets such as Panama, Canada and Saudi Arabia for international expansion.
The restaurant chain is also looking to open its first store in the UK in about two years and is talking to potential partners in Mexico, Prokupek concluded.
Chipotle Mexican Grill, Panera Bread and Five Guys Burgers & Fries are some of the fast-casual restaurants with which Smashburger competes in the US.
