Nash & Smashed franchise
2026 filing · May 5, 2026GrowingShares sales figures
Nash & Smashed at a glance
A restaurant serving Nashville-style hot chicken sandwiches, smashed burgers, fried chicken and mocktails. At the end of 2025 there were 10 Nash & Smashed locations in the US, all franchised.
The business
- Franchisor
- N&S Franchising Corp
- The company that sells the franchises
- Typical size
- 1,600–2,500 sq ft
What you pay
- Cost to open
- $262K–$777K
- A full restaurant
- Franchise fee
- $34,500
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross revenue, plus 1% to the national advertising and development fund
- Brand fund
- 1%
- 1% of gross revenue, paid monthly
- Renewal fee
- $5,000
- When the agreement ends and you sign again
Where it is
- US locations, 2025
- 10
- Franchised and company-owned
- Franchised
- 10
- Company-owned
- 0
- Change in 3 years
- +10
- Franchised locations, 2023–2025
- States
- 2
- Most in Virginia and Maryland
Support and records
From N&S Franchising Corp’s 2026 filing; revenue and net income from its audited financial statements, page 155; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Nash & Smashed among all franchises with the same figure.
| Figure | Nash & Smashed | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $519,000 | Costs more than 65% of franchises |
| Franchise feePaid once, when you sign | $34,500 | Lower than 71% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 10 | Fewer than 61% of franchises |
How much a Nash & Smashed franchise costs
Opening a full restaurant costs an estimated $261,500 to $776,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($75,000 to $450,000) and kitchen equipment ($75,000 to $145,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $34,500 | ||
| Traveling and Living Expenses while Training | $3,000 | $4,000 | |
| Real Property Rent and Security Deposits (3 mos) | $18,000 | $34,750 | |
| Leasehold Improvements | $75,000 | $450,000 | |
| Furniture, Fixtures, and Décor | $15,000 | $25,000 | |
| Initial Inventory and Supplies | $5,000 | $14,000 | |
| Signage | $5,000 | $10,000 | |
| Grand Opening Advertising | $3,000 | $6,000 | |
| Licenses, Permits, and Certifications | $750 | $2,500 | |
| Insurance (3 Months) | $1,000 | $2,000 | |
| Kitchen Equipment | $75,000 | $145,000 | |
| TV, Cameras, and other Supplies | $4,000 | $6,500 | |
| Computer and POS System & Kiosks | $9,800 | $14,000 | |
| Professional Fees | $2,450 | $3,250 | |
| Additional Funds (3 months) | $10,000 | $25,000 | |
| Total | $261,500 | $776,500 | |
Source: N&S Franchising Corp, 2026 filing, page 20
Nash & Smashed franchise fee
The franchise fee is $34,500. You pay it when you sign the franchise agreement.
Source: N&S Franchising Corp, 2026 filing, page 13
Royalty and ongoing fees
| Royalty | 6% of gross revenue, plus 1% to the national advertising and development fund. |
|---|---|
| Brand or marketing fund | 1% of gross revenue, paid monthly. |
| POS and Software Fees | Approximately $500 per month plus transaction costs |
| Transfer Fee | $10,000 |
| Renewal Fee | $5,000 |
| In-Store Training Fee | $500 per day plus our expenses |
| Local Advertising | 1.5% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: N&S Franchising Corp, 2026 filing, page 15
Other fees as filed, from pages 15–18. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Nash & Smashed publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: N&S Franchising Corp, 2026 filing, page 48
- Estimate Estimated yearly sales per location
- $640K–$1.2M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Nash & Smashed compares
Of the 63 burger franchises on this site, Nash & Smashed is the 9th cheapest to open and the 42nd largest by number of locations.
| Figure | Nash & Smashed | Typical burger brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $262K | $556K | $222K |
| Cost to open, high end | $777K | $1.52M | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 6% | 5% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 10 | 25 | 21 |
| Closed or left per year | 0% | 2% | – |
| Shares earnings figures | Yes | 44 of 63 | 2,147 of 3,352 |
Typical is the median across the 63 brands in burger franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2023 | 0 (0) | 0 | 0 | 0 |
| 2024 | 1 (+1) | 0 | +1 | 0 |
| 2025 | 10 (+9) | 0 | +9 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Nash & Smashed passes four of the five tests on our list of the best franchises to own; it had fewer than 100 US locations three years ago.
More in the guides: burger franchise costs and franchise failure rates.
Source: N&S Franchising Corp, 2026 filing, page 49
Where Nash & Smashed locations are
At the end of 2025, Nash & Smashed had franchised locations in 2 states. The most are in Virginia and Maryland.
- Virginia6
- Maryland4
Source: N&S Franchising Corp, 2026 filing, page 50
Who owns Nash & Smashed?
Nash & Smashed franchises are sold by N&S Franchising Corp.
From N&S Franchising Corp’s 2026 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 13. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: N&S Franchising Corp, 2026 filing, litigation on page 13, bankruptcy on page 13
Nash & Smashed filings
The figures on this page come from N&S Franchising Corp’s 2026 filing, issued May 5, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | May 5, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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