How much does it cost to open Five Guys franchise?
The total minimum investment needed in order to be considered for a Five Guys franchise is between $152,600 and $360,300 which requires a $25,000 initial franchising fee, and a twenty year agreement term. The Five Guys Burgers and Fries restaurant opened in 1986, and began offering franchise opportunities in 2002.
How much Five Guys franchise owners really make per year?
The median income for a food franchise owner is around $126,866 a year, so we can reasonably expect a Five Guys franchisee to be somewhere around that. Before owners can make that kind of money with Five Guys, though, they first have to convince them that they're worthy of sitting at the table.
How much does Five Guys franchise owner earn?
Franchisees typically own 10 to 15 Five Guys restaurants, which cost $350,000 to $500,000. They make an average of about $1 million annually from each restaurant. The company generates $2 million in revenue each year. In addition to this, a 6% royalty fee is charged in the initial $25,000 franchise fee.
Does Shaq own Five Guys?
Today Shaq reportedly owns 155 Five Guys franchises, nearly 10% of all the Five Guys in existence. An investment in a Five Guys franchise is estimated to cost the owner between $306,000 and $716,000.
Is Five Guys a chain or franchise?
Five Guys franchises are fast casual dining restaurants which specialize in the sale of hamburgers, French fries, and related accompaniments in accordance with the franchisor's recipes and ingredients, and other food items that the franchisor's comprehensive and unique system.
Is Five Guys a yes or no franchise?
The total minimum investment needed in order to be considered for a Five Guys franchise is between $152,600 and $360,300 which requires a $25,000 initial franchising fee, and a twenty year agreement term. The Five Guys Burgers and Fries restaurant opened in 1986, and began offering franchise opportunities in 2002.
How much does it cost to franchise Five Guys?
Opening a Five Guys franchise requires an initial investment ranging anywhere from $306,200 to $641,250, according to the Franchise Disclosure Document. However, this investment is much less than the initial investments other fast food powerhouses require of their franchisees.
Who owns the franchise Five Guys?
Murrell familyFive GuysMerritt Island, FloridaKey peopleJerry Murrell, Jim Murrell, Matt Murrell, Chad Murrell, Ben Murrell, Tyler MurrellProductsHamburgers, french fries, hot dogs, soft drinks, milkshakesRevenueUS$1.711 billion (2021)OwnerMurrell family12 more rows
What does Five Guys stand for?
1. The "five guys" refer to founder Jerry Murrell's five sons Jim, Matt, Chad, Ben, and Tyler (originally, they referred to Jerry and his first four sons, but then Tyler had to mess everything up by being born).
Are Five Guys independently owned?
No Five Guys is not individually owned so you will often see the owners. Five Guys stores can operate under corporate or individual franchise, but for the most part all follow the same rules and guidelines.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How many 5 guys Does Shaq own?
155 Five Guys hamburger establishmentsSince he announced his retirement in 2011, the NBA star has become the owner of 155 Five Guys hamburger establishments, which represented 10% of the total company.
What does Shaquille O'Neal own?
He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie's Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
Is Shake Shack a franchise?
Does Shake Shack franchise? We don't offer franchising at this time, but some of our Shacks are operated via licensed agreements.
Is 5 Guys a franchise UK?
Five Guys is one of the UK's fastest growing food franchise brands. It focuses on the simple formula of 'Burgers and fries – cooked to perfection, and was established in Virgina, USA in 1986 by the Murrell family, as a family owned and operated business.
How do you get an In-N-Out franchise?
Unfortunately, you can't franchise this burger chain. As much as you may want to open an In-n-Out franchise, the company is a privately-held family business. The president of the burger chain Lynsi Snyder, has made previous claims that she will never go public or franchise the business.
How much does a Whataburger franchise cost?
Whataburger Franchise Cost / Initial Investment / Whataburger Franchise. The total investment required to open a Whataburger restaurant is $1.2 million. Initial franchise fees are not available.
What does a Five Guys Franchise Cost?
The total investment to open a Five Guys Burgers and Fries restaurant is between $152,000 and $360,000. Candidates are asked to have $150,000 liquid assets available. The royalty fee is 6-8%.
How many Five Guys locations are there?
The Murrell family started the Five Guys burger business back in 1986 with their sons and today, 30 years after Five Guys first opened, there are almost 1,500 locations worldwide and another 1,500 units in development.
What is Five Guys Burgers?
Five Guys Burgers and Fries is a family-owned carry-out burger joint that prides itself on serving only hand-formed burgers cooked to perfection on a grill along with fresh-cut fries cooked in pure peanut oil .
How much does it cost to open Five Guys Burgers?
The total investment to open a Five Guys Burgers and Fries restaurant is between $152,000 and $360,000. Candidates are asked to have $150,000 liquid assets available. The royalty fee is 6-8%.
Where is Five Guys located?
Five Guys Burgers and Fries is an American fast casual restaurant which specialize in serving fresh, hand-formed hamburgers, hot dogs, fresh-cut french fries, milkshakes and other delicious menu items. Headquarted in Lorton, VA, Five Guys has over 1,300 locations in over 49 states and 6 Canadian provinces.
Does Five Guys have freezers?
There are no freezers in Five Guys locations, just coolers.
Is Five Guys a corporate chain or a franchise?
Unlike some other fast-food chains, Five Guys’ restaurants are owned and operated by franchisees. This business model allows the company to expand quickly into new markets without incurring the high costs associated with building and owning restaurant infrastructure.
How Many Five Guys burger franchises are there?
The first Five Guys restaurant opened in 1986 in Arlington, Virginia, and the franchise has been expanding rapidly ever since.
How much does a Five Guys franchise cost?
The cost of opening a Five Guys franchise can vary depending on a number of factors, including the location of the restaurant and the size of the building.
How much do Five Guys franchise owners make?
Since the Five Guys don’t post their financials, it’s hard to get a sense of what they are other than they have been rapidly expanding their fast-food model. Five Guys franchises are located within most major cities with many locations serving smaller cities as well.
Ending Summary
The Five Guys franchise is a well-known and beloved brand among burger lovers across the country. They have a cult-like following and the franchise has been written about and featured in many publications.
Background
The Five Guys franchise is an award-winning retro-style burger joint that like to keep things short and simple, in the form of a simple but sweet menu offering, and a goal and mission statement written in no uncertain terms.
Support and Training Offered By Five Guys
The franchisor provides a comprehensive training package to its new franchisees. This is mainly an on-site training provided by a Five Guys representative who would be on the ground for two weeks to ensure that the right skills are learned by the franchise owner and other working staff.
Franchises Similar to Five Guys
Repicci's Real Italian, Graze Craze, Chick'nCone, PrimoHoagies, Nékter Juice Bar, Saladworks, PERU MIX USA, Ben's Soft Pretzels, Chick-fil-A, Popeyes, Auntie Anne's, Big Chicken, Buffalo Wild Wings, KFC, Wingstop, McDonald's, 7-11, Subway, Azuquita, Jersey Mike's, Tim Hortons, Pizza Hut, Dunkin', Wendy's, Taco Bell, Smoothie King, Baskin-Robbins, Hardee's, Chili's, Marco's Pizza, Long John Silver's, Cinnabon, Mountain Mike's Pizza, Jack in the Box, Captain D's, Lee's Famous Recipe Chicken, Tin Drum Asian Kitchen, SONIC, Culver's, Dickey’s Barbecue Pit, Tropical Smoothie Cafe, Arby's, Wing Boss, Jimmy John's, Pizza Factory, DonutNV, Firehouse Subs, Denny's, Straw Hat Pizza, Golden Chick, Domino's, Chester's, Donatos, Duck Donuts, Blaze Pizza, Surf City Squeeze, Ledo Pizza, Chronic Tacos, Epic Wings, LaRosa's Pizzeria, Rosati's Pizza, Fox's Pizza Den, Farmer Boys, BurgerFi, Fosters Freeze, Baja Fresh, Benny's Pizza, Angry Crab Shack, Beyond Juicery + Eatery, Another Broken Egg Cafe, Built Custom Burgers, Cicis, Bar-B-Cutie SmokeHouse, Boomarang Diner, Buffalo's Cafe, Bonchon Korean Fried Chicken, Schlotzsky's, Alamo Drafthouse Cinema, Cantina Laredo, Capriotti's Sandwich Shop, Blimpie Subs & Salads, Champs Chicken, Charleys Philly Steaks, Squisito Pizza & Pasta, Wings and Rings, Woops!, Chop Stop, WOW American Eats, Your Pie, Westside Pizza, Which Wich, Tortilla Town, Togo's, Tony Roma's, UCBC Bagels, United Slice, Wayback Burgers, Moe's Southwest Grill, Tubby's Sub Shop, Chicken Salad Chick, Taco Moli, The Counter, Sip Fresh, Uncle Sharkii Poke Bar, Atlantic Poke, Crepe Delicious, Biscuit Belly, Dave's Hot Chicken, Sushi Obsession, Black Bear Diner, Bobby Chez Gourmet to Go, Chick N Max, Big Shawn's Cheesesteaks, Umai Savory Hot Dogs, Bowl Boss Acai, WaBa Grill, VooDoo BBQ & Grill, Tapville Social, Rusty Taco, Breadsmith, The Habit Burger Grill, Broadway Subs, Bacon Bitch, The Boil Daddy, Bunz Gourmet Burgers, Acropolis Greek Taverna, Yummy Cupcakes, Bridge Road Bistro, Big O Bagels, Billy Sims BBQ, Toppers Pizza, Wing Ferno, Brother Bruno's Pizza, Deli & Bagels, Buck's Pizza, Curry Up Now, Ike’s Love & Sandwiches, VooDoo Wing Company, Staks Pancakes, Bahia Bowls Acai Bowl, Barzini's, Bailey Seafood, Cottage Inn Pizza, Captain Tony's Pizza & Pasta Emporium, Burger Barn Grill, Cousins Subs, Burbowl, Talkin' Tacos, Black Rock Bar & Grill, Crazy Pita Rotisserie & Grill, Churrito Loco, Barrel House.
Who is the 5 Guys franchise?
Is a Five Guys Franchise a Tasty Investment? Published: July 5, 2019. Who are the “Five Guys” behind the gourmet burger chain that is now one of the hottest restaurant franchises on the market? The Five Guys franchise actually originated with one guy, Jerry Murrell, who started the business as a single take-out shop in Arlington, VA back in 1986.
How much does it cost to open a Five Guys franchise?
Opening a Five Guys franchise requires an initial investment ranging anywhere from $306,200 to $641,250, according to the Franchise Disclosure Document. However, this investment is much less than the initial investments other fast food powerhouses require of their franchisees.
How much does Five Guys make?
That said, Five Guys franchisees can reasonably expect to make as much as $1.18 million in annual sales, according to QSR. While this is less than some of its competitors, its lower initial investment might make it a better entry point for some franchisees.
How much does a Five Guys cheeseburger cost?
A Five Guys cheeseburger costs $7.69, while a bacon and cheese Whopper at Burger King will set you back $5.19. Standard Locations: Although its menu is flexible, Five Guys building standards are fairly uniform. You’ll never drive up to a Five Guys in a rural location or experience one with extra capacity.
How long does it take to replace a Five Guys franchise?
This includes attending training and holding responsibility for all business operations. If you or one of your managers cannot serve as Operating Principal or you no longer qualify, you must designate a replacement within 15 days.
What is Five Guys known for?
Five Guys is one of the leading fast food chains in the country, known for its commitment to quality and customer experience. Adweek recently called it the “rarest of unicorns” in that its able to grow and maintain its popularity without spending big bucks on large-scale advertising.
How long does it take to get a franchise in Five Guys?
Thorough Training: Once a franchisee’s application has been accepted, members of their team (including a general manager and operating principal, and assistant general manager) must undergo a comprehensive management training program at its corporate headquarters in Virginia for at least two weeks. For the opening of your first restaurant, Five Guys provides you with one of its trained representatives to provide on-site pre-opening and opening training, supervision, and management assistance to you for 10 days according to the Franchise Disclosure Document.
The Real Five Guys Franchise Cost
The founder of Five Guys Burgers and Fries said that if you can sell good hamburgers, you can always make money in America. The story behind one of America’s oldest-running fast-casual restaurant chains goes beyond serving hungry consumers with hamburgers and fries.
Finding the Right Franchise: Which One is The Best For YOU
When finding the right franchise, you need to know a few things. The first is what kind of business you want to be in. Are you looking for something in the retail sector? Or perhaps something in the service industry? Once you’ve decided on that, you need to consider what kind of franchise best suits you.
How many locations does Five Guys have?
After 25 years later, Five guys has more than 900 location throughout the country, with plans for 1,500 location in development.
When did Five Guys start?
Five Guys started as a family business in 1986, they reached 1,000 outlets across North America.
How does a franchisee benefit from a pre-built up brand?
In short, a franchisee benefits by verifying a pre-built up brand just as a pre-set up method for running an income procuring activity. Thus franchise is expected to pay a portion of the revenues to the franchisor for running their business as long as with good earning of profit.
Is Five Guys a rich franchise?
Five guys franchise is not a rich scheme in business but it proven equation for a successful business. Five guys food is awarded by the ” Top Burger Award” given by Zagat polls which is a survey on top fast food in the United States.Five guys are a three-decade presence in the market for the well trusted and remarkable brand in the aggressive food industry.
How Much Do Five Guys Franchise Owners Make?
Five Guys does not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. However, if you (franchisee) are purchasing an existing outlet, Five Guys may provide you with the actual records of that outlet.
Is the Five Guys Franchise Profit Worth the Franchise Cost?
To assign a valuation multiple for Five Guys franchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings. We used the valuation of franchise food businesses in our calculations.
Five Guys Holdings, Inc. Income Statement Key Insights
Five Guys Holdings Inc. is the franchisor of all Five Guys franchises. The company made losses in three consecutive years: 2020, 2019 and 2018 with the big loss of $95 million occurring in 2019. This does not indicate a profitable business and it may take a long time to start making profit.
SYSTEMWIDE OUTLET SUMMARY FOR FISCAL YEARS 2018 TO 2020
Despite the economic impact of the COVID19 pandemic, 67 new franchise outlets were opened in 2020 compared to only 11 in both 2019 and 2018. This shows that the business thrived during the pandemic as many outlets were opened in the midst of the crisis. All the 52 outlets that closed down in 2020 were company-owned and not franchised outlets.
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Franchise for Sale on BizBuySell
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Where was Five Guys founded?
Five Guys was founded in 1986 with its first store location in Arlington, Virginia, and quickly became a Washington, D.C.-area favorite. It was Jerry and Janie Murrell who gave their four sons a choice: start a business or go to college.
What does Five Guys do?
Of course, Five Guys serves menu items other than their variety of burgers, such as hot dogs, including Kosher and a bacon cheese dog, sandwiches like grilled cheese and veggie. In addition to their regular fries, Five Guys serve Cajun style. They also serve just plan peanuts in bulk, no charge.
What does Five Guys use for fries?
Five Guys Burgers and Fries uses only fresh ground beef in their burgers, and their restaurants don’t even have freezers, only coolers, so nothing is ever frozen. They use only peanut oil in cooking their menu items, which are all trans-fat free. Of course, Five Guys serves menu items other than their variety of burgers, such as hot dogs, including Kosher and a bacon cheese dog, sandwiches like grilled cheese and veggie. In addition to their regular fries, Five Guys serve Cajun style. They also serve just plan peanuts in bulk, no charge.
How many ways can you order a burger at Five Guys?
Five Guys cooks and prepares burgers to order and no two burgers are alike. In fact, Five Guys proclaims that there are 250,000 possible ways to order a burger at the restaurant.
How many Dickey's locations are there?
Dickey's is the largest Barbecue franchise in the world and is an award winning brand. With over 500 locations in 43 states as well international locations, their smokin' franchise has been treating guests to great tasting barbecue since 1941. No restaurant experience needed, total training and support provided.
Is Five Guys Burgers a franchise?
Having received numerous awards in the cities where it opens franchises, Five Guys Burgers & Fries is one of the most dependable, fast-rising franchise opportunities available, and for a still-reasonable cost. The restaurant chain is rated one of the most talked-about burger brands online.