How to open a Five Guys franchise?
- Ensure you have adequate capitalization. In order to open the Five Guys restaurant franchise, you must have a liquid cash of $150,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Five Guys franchise. ...
Full Answer
How much does it cost to open Five Guys franchise?
In order to open the Five Guys restaurant franchise, you must have a liquid cash of $150,000. Appreciate the investment required for a restaurant franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
How many ways can you order a five guys Burger?
Franchise. 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. Their lineup of condiments and burger sides are the best in the business, with the usual mayo, mustard, ketchup, lettuce, pickle, tomato, and onion,...
What is the history of Five Guys?
Five Guys Burgers & Fries Franchise Opportunities – History. 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.
Could five guys have taken over America without franchising?
Considering just how wildly popular Five Guys has become, it's almost hard to believe that its U.S. takeover might not have ever happened. For a fast food restaurant to really grow, franchising is almost a necessity, but Five Guys was initially against it.
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How much does it cost to open a 5 Guys franchise?
between $152,600 and $360,300The 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 1 Five Guys make a year?
Average Sales / Revenue per Year Five Guys restaurants typically make around $1.2 million in sales and revenue each year. Although that statistic sounds impressive, this doesn't take into account the sales costs required of each outlet.
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
Is 5 Guys a 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 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 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...
What does Five Guys stand for?
Jerry and Janie Murrell gave their five sons a choice, 'Start a business or go to college?” The business route won and the family opened the first Five Guys – named after the five brothers.
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.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much does a Wendy's franchise cost?
$2,000,000 to $3,700,000The estimated total investment required to begin operation of a new restaurant normally ranges from $2,000,000 to $3,700,000. Will I be assigned an exclusive territory? Wendy's does not currently provide exclusive areas to franchisees. The franchise agreement is issued for the specific restaurant location only.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much do you make working at Five Guys?
How much does Five Guys in the United Kingdom pay? The average Five Guys salary ranges from approximately £12,000 per year for Supervisor to £57,446 per year for Supply Chain Manager. Average Five Guys hourly pay ranges from approximately £7.50 per hour for Host/Hostess to £9.99 per hour for Supervisor.
Is working at Five Guys worth it?
Five guys is great place to work if you just wanna develop skills. If you're looking to work a bunch of hours, this is the place to go. While I was working here, it was the same schedule every week and almost everyday. I enjoyed making all of the money and the work environment can be fun.
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 much does it cost to start an In N Out franchise?
Franchise AgreementType of ExpenditureAmountTo Whom Payment Is To Be MadeInitial Fees$40,000UsLeasehold Improvements$388,100 – $1,220,800Landlord/SuppliersFurniture, Fixtures and Equipment$43,400 – $176,900SuppliersSignane$5,500 – $34,700Suppliers14 more rows•Aug 25, 2022
Five Guys Burgers & Fries Franchise Opportunities – History
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 Jerr...
Five Guys Burgers & Fries Franchise Cost / Initial Investment / Five Guys
Burgers & Fries Franchise IncomeThe total investment to open a Five Guys Burgers & Fries restaurant franchiseis between $152,000 and $360,000, with...
Five Guys Burgers & Fries Business Opportunities: Other Information
Having received numerous awards in the cities where it opens franchises, FiveGuys Burgers & Fries is one of the most dependable, fast-rising franch...
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.
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%.
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%.
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.
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.
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.
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.
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.
What is a wing zone?
Wing Zone is a fast-casual food franchise that has won the hearts of wing lovers and flavor fanatics across the globe. Their menu has something for everyone, and with a warm and friendly environment, Wing Zone tops the lunch, dinner, and late-night crowds. Own a Wing Zone franchise today!
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.
What is Capriotti's sandwich shop?
Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.
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.
Where is the Five Guys UK franchise based?
While the franchise was originally founded in the US, the UK headquarters of Five Guys are located in London.
Where can you find a franchise territory for Five Guys currently for sale?
Five Guys is continuing to expand across the country and territories are available all across the UK. To find out about a potential territory, contact the brand using the enquiry form found on this page.
What how much does a UK-based Five Guys franchise cost?
To start a franchise with Five Guys, you will need to invest an approximate total cost of £300,000. This includes a franchise fee of £20,000, and you will need to be able to demonstrate liquid assets of approximately £115,000. The investment required may vary according to the size and location of the chosen territory.
What funding support can you get to start a franchise with Five Guys?
You may be able to get funding from the franchise department of most major high street banks, depending on your personal financial history . You will also need to have evidence of liquid cash available, to secure the bulk of the funding.
What training and marketing support is available with a Five Guys franchise?
Five Guys has a dedicated team of trainers who are on hand through the entire training and support process for new and established franchisees. Some trainers are flown out from the US to train their international franchisees directly, and you may also have support from regional teams.
What profit and market potential is there with a Five Guys franchise?
The UK’s burger industry is worth £3.3 billion, and continues to grow every year, with a recent trend shifting towards more premium burger products, rather than the lower priced offerings that were typically found in lower-end fast food restaurants.
How long is the training for a store?
The initial training programme lasts for two weeks, and this is followed by ongoing support to cover setting up and opening the store in your chosen local area, managing security and other key aspects. Later on, if you are looking to recruit new staff into your store, you can also get further training for them, but this will have an additional charge added on.
What kind of peanut oil do we use for fries?
We use 100% peanut oil that is refined and contains only enough preservatives (less than .004%, so that the oil doesn't foam when we put our fries in!).
Do Five Guys have peanuts?
Over the past 20 years, peanuts have become part of the Five Guys identity. We by no means want to exclude guests from our store, but at the same time we would not want to disappoint our peanut eating guests. We make sure that we have signage on our doors and in our restaurants about the fact that we serve peanuts in bulk containers as we would never want someone to risk their health by coming into our restaurants.
Does Five Guys have coupons?
Five Guys does not offer any coupons or discounts. Heck, employees at the Five Guys can only get free burgers if they are working in the store! Why? We strive to serve the highest quality product possible, at a reasonable price, everyday! We do not discount the price of our product because we refuse to discount the quality of our product.
Is Five Guys gluten free?
Five Guys is not completely gluten-free. Please check out our nutritional information here!
Is Five Guys expanding?
Five Guys continues to expand across the globe and we are always looking for great locations for new restaurants. If you think Five Guys would be a perfect fit for your development project, please contact our Franchise Development department by filling in the form below (include site details and your contact information).
Is our bread toasted?
Our bread is toasted, but usually on a separate grill from meat products. However, there is always a chance for cross contamination, so please check at the individual location where you are ordering to be certain. Finally, our fries are just plain potatoes cooked in 100% peanut oil and are suitable for even vegan diets.
Is Five Guys a public company?
Five Guys is a privately owned company and we do not currently have plans to go public. However, we get these questions a lot and we take it as a compliment, thank you!
How much royalty does Five Guys take?
Five Guys also takes a gross sales royalty of 6 percent.
Is Five Guys franchise cheap?
Buying a Five Guys franchise — or really any fast food franchise — isn't cheap. Opening one doesn't cost as much as a Wendy's or McDonald's, but it's still a pretty penny.
Is Five Guys still in business?
Five Guys sold out of all its North American franchise rights shortly after opening the franchise doors and people have been clamoring to get one ever since. If you have the funds and a serious love of burgers, a Five Guys might be right for you. Just know that you won't be running a single store, but five at the very minimum.
Who wrote the book Franchising for Dummies?
The book was co-written by Wendy's founder Dave Thomas, and gave Murrell the push he needed to welcome franchise investors into the fold.
