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It is a family restaurant that specializes in its hamburgers and fries created in 1986 by Jerry and Janie Murrell in Washington, United States. From that year until 2001, it established a profitable hamburger system and opened five businesses in the area. That motivated Jerry and Janie to start franchising between late 2002 and early 2003 in Virginia and Maryland. In its 30-year history, it expanded internationally in Canada, the United Kingdom, and Europe by opening more than 1,500 locations worldwide, including the United States.
- Year Business Began: 1986.
- Franchising Since: 2003.
- Headquarters: Lorton, Virginia, United States.
- Estimated Number of Units: More than 1,500.
- Number of Employees: 15,000.
It has been the fastest-growing fast-food chain in the United States, establishing 1,500 locations nationally and internationally, and obtaining a 32.8% sales increase in just one year (2010-2011). It has established several affiliated companies that have allowed it to grow even more. Due to its rapid growth, Five Guys expects to exceed 1,500 locations in the coming years.
The costs will depend on the number of employees, merchandise, place where the franchise will be located, size, marketing, and other factors:
- Investment: From $ 306,200 to $ 716,250.
- Liquid capital: From $ 150,000 to $ 250,000.
- Franchise fee: From $ 50,000 to $ 125,000.
- Royalty rate: From 6.0% to 8.0%.
Can I open a Five Guys Franchise?
Yes, anyone who loves fast food becomes familiar with the restaurant’s ideal and has the required investment, and liquid capital can open a Five Guys franchise.
Training & Support
The training program will last two weeks and will take place at the corporate headquarters of the franchisor. Depending on the situation, the duration of the training can be extended, even up to 6 weeks. They will provide the instructors and materials necessary to provide and manage the franchise profitably.
Usually, this training is aimed at the operations director, the general manager, and an assistant manager of the Franchisee having to pay $ 1,500 to train another extra person. The franchisor will offer a qualified person for ten days to supervise the activities and advise the franchisee in any situation.
How to Apply for Five Guys ?
To purchase a Five Guys franchise, you must fill out the form at http://www.fiveguys.com/contact-us, and they will contact you to inform you about available locations and more.