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What to Know Before Buying a Five Guys Franchise

What to Know Before Buying a Five Guys Franchise

Have you ever thought about buying a Five Guys franchise?

It takes a certain type of person to run a successful fast-food restaurant business. Buying a Five Guys franchise and becoming a part of its growing operations could be partially driven by its origins. Understanding an establishment’s beginnings provides insight into the possible direction its future is headed. If you believe your time for buying a Five Guys franchise has come, check out their story to see how this local Virginian burger joint boomed into an international success.

Their Story

In 1986, Jerry and Janie Murrell gave their four sons two choices. They should either start a business or go to college. Having chosen the business route, the Murrells opened their single family-run burger place in Arlington, Virginia. 

Their restaurant served hand-formed grilled burgers on fresh-baked buns, along with fresh-cut fries only fried in 100% pure peanut oil. As the Murrell family grew with a fifth son, Jerry, Janie, and the “five guys” expanded and perfected their operations. From 1986 to 2001, the family opened five more locations around the Washington DC area. At each site, their growing customer-base could enjoy ordering their delicious burgers with a selection from 15 toppings and condiments.

Since 2002, Five Guys began offering franchising opportunities and now has 1,500 locations worldwide. Their story is still being written, with an estimated another 1,500 units in development. Each of the Murrell brothers now takes on various aspects of their family business. 

Their Philosophy

On the Five Guys website, it tells us Jerry Murrell’s mother told him, “If you can give a good haircut or if you can serve a good drink at a bar or if you can serve a good hamburger, you can always make money in America.” The family has perfected their burgers, and their menu continues to reflect it. Along with serving high-quality burgers and fries, several locations also offer hotdogs, veggie sandwiches, and milkshakes. Further, their website makes it proudly known to the public that they only use fresh ground beef for their burgers, only cooks using peanut oil, and that no location has freezers because they only use coolers.

Costs

Opening a Five Guys franchise requires a smaller investment compared to other burger selling competitors. The cost to open a franchise ranges from around $300,000 to $640,000. Buying a Five Guys franchise from a current franchisee costs far less. To inquire about running a Five Guys franchise yourself or discover other fast-food franchising opportunities, work with Atlantic Business Brokerage, Inc.

Buy With Atlantic Business Brokerage, Inc.

At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match.

Contact us to discuss your business buying and selling goals today at 410-561-9800, or Toll-Free at 800-279-7569. Email us at sales@atlanticbusinessbrokerage.com, and follow us online on Facebook and LinkedIn.

This entry was posted on Friday, November 8th, 2019 at 4:47 pm. Both comments and pings are currently closed.

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