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.
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.
Who owns five guys famous person?
Considered by many as the king of franchises, the NBA superstar Shaquille O’Neal owns over a hundred Five Guys and almost 20 Auntie Anne’s franchises as well as many other investments around the country including in the fitness, technology and real estate arenas.
Who is the CEO of Five Guys?
There are 250,000, to be exact. Despite the numerous toppings available, Five Guys CEO Jerry Murrell likes to keep his order sweet and simple. Whether you like your burger topped with mustard and mushrooms or grilled onions and cheese, everyone has their go-to order at Five Guys.
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Five Guys Burgers Franchisee Contact List
One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system.
Get Contact Details & Mailing List of Five Guys Franchisees
The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of Five Guys franchise owners.
When did Five Guys start franchising?
The decision to begin franchising Five Guys came in 2002 when the company already had expanded to five restaurants in northern Virginia.
When did Five Guys open?
Due to the popularity of the restaurant, Five Guys had it's first franchise in 2003 and the chain expanded from there, particularly along the East Coast. The company has also franchised outside US borders opening a store in the United Kingdom in July 2013. The chain now has 27 restaurants open across the UK, with locations in the Middle East, ...
What color are Five Guys restaurants?
The interior of Five Guys restaurants are kept simple too featuring white tiling, checkered with five vertical rows of red tiles, each row representing one of the five sons of the chain's founder. The employee's uniforms are either plain red or white and red. Unlike many of the other fast food chains, there are only a few tables and chairs in Five Guys with potato sacks stacked in customer areas, giving a more wholesome, homely look to the restaurant. Five Guys restaurants also includes open kitchens enabling the customer to see their burgers being grilled to order and free, roast-shell peanuts for customers to eat while awaiting their order. Finally, rock music from the 60s and 70s are piped into the stores creating a nostalgic, but relaxing atmosphere.
What is Five Guys' philosophy?
Five Guys doesn't rely on flashy, national ads to get people into their stores. The company's advertising philosophy is to let the food talk for the company. In fact, Founder Jerry Murrell told Inc. Magazine, "We figure our best salesman is our customer. Treat that person right, he'll walk out the door and sell for you. From the beginning, I wanted people to know that we put all our money into the food. That's why the décor is so simple. We don't spend our money on décor. Or on guys in chicken suits. But we'll go overboard on food."
What is the story behind Five Guys?
The story of Five Guys appears to read like a Cinderella story at first, but as one probes into the company's history, the success of the company is revealed in the founder's obsessive attention to detail. When Jerry Murrell opened his first restaurant in 1986 for about $70,000, the restaurant wasn't an immediate success. Murrell found that employees stole from the cashier register and his sons were always fighting over decision-making issues. But once each son found their niche in the company, based on their strengths, Five Guys began experiencing some success.
Is Five Guys a cult?
Five Guys' simplistic, but delicious food items created what some refer to as a cult-like following, despite the company's adherence to minimal advertising. Consumers have flocked to the burger chain, and franchisees can't seem to get stores open fast enough. Additionally, Five Guys continues to stomp the competition.
Is Five Guys fries harder than burgers?
In the piece, Murrell said, "Fries are much harder than burgers. We work day and night on them, all the damn time.". That is probably why Five Guys is known for its made-to-order fresh beef burgers and its addicting hand-cut fries, which the company only uses peanut oil to prepare.
How much royalty does Five Guys take?
Five Guys also takes a gross sales royalty of 6 percent.
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.
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.
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.
Who is the founder of Five Guys?
Jerry Murrell, the founder of Five Guys says it has to be about quality of food.
Who is the CEO of Viome?
At the 2021 Inc. 5000 Vision conference, serial entrepreneur Naveen Jain, the founder and CEO of gut health startup Viome, discussed the key elements for developing your startup idea.
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%.
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.
Overview
Five Guys Enterprises LLC (doing business as both Five Guys Burgers and Fries, and simply Five Guys) is an American fast food restaurant chain focused on hamburgers, hot dogs, and French fries, and headquartered in Lorton, Virginia, part of Fairfax County. The first Five Guys restaurant opened in 1986 in Arlington County, Virginia, and by 2001, the chain had expanded to five locations throug…
History
Five Guys was founded in 1986 by Janie and Jerry Murrell; Jerry, alongside the couple's four sons, Jim, Matt, Chad, and Ben, were the original "Five Guys." The Murrells had a fifth son, Tyler, two years later. Today, all five sons, the current "Five Guys", are involved in the business: Matt and Jim travel the country visiting stores, Chad oversees training, Ben selects the franchisees, and Tyler runs the …
Menu
The Five Guys menu is centered on hamburgers offered with Kraft American cheese or applewood-smoked bacon and kosher style hot dogs (Hebrew National all-beef franks), as well as grilled cheese, BLT and vegetable sandwiches. Five Guys uses buns that are sweeter and "eggier" than normal buns. The hamburgers come in two sizes: regular (two patties) and little (one patty). Fres…
Restaurants
Bags of potatoes are sometimes stacked in customer spaces due to an occasional lack of storage space, or, in some franchises, for aesthetic reasons. Restaurants are decorated with white and red checkered tile throughout and generally use wooden tables along with counter-high level seating.
Reception
Five Guys has received numerous awards in D.C. area publications, including "Number 1 Burger" by Washingtonian Magazine for seven years. Former US President Barack Obama is reportedly a fan, buying lunch for himself and his colleagues at the Washington Five Guys branch in 2011.
Since franchising, it has also received awards in other cities.
External links
• Five Guys US
• Five Guys UK