Smashburger’s 2012 estimated sales of $171 million were up 42.5 percent from $120 million in 2011. The “better burger” chain operated 193 restaurants in the U.S. in 2012, representing a growth rate of 35.9 percent from the prior year, according to Technomic.
Smashburger is owned by Denver-based investment firm Consumer Capital Partners.
Ranking just ahead of Smashburger in the Technomic data was Dickey’s Barbecue Pit with 2012 sales growth of 46.5 percent and a 40.4 percent increase in the number of restaurants.
The largest Colorado-based chain on the list is Chipotle Mexican Grill, ranked No. 19 with U.S. sales of $2.72 billion.