Description
Five Guys franchise. Brand history. Franchise cost
Five Guys is an American fast food chain that prepares predominantly American food. For example, there are mainly hot dogs, cheeseburgers, hamburgers and their different types on the menu. The headquarters is located in London, as well as in one of the cities of the state of Virginia.
The first restaurant was opened in Virginia in 1986. The Merrell brothers became its founders. For a long time, the restaurant did not differ in any way from other similar establishments, which is why the brothers had to wait a long time to reach a normal level of profit.
Starting in 2001 alone, restaurants became a chain and expanded to five such establishments. Only when the management introduced different promotions and began to prepare more different dishes, not only from American cuisine and fast food. But also from cuisines of different nations of the world, the network expanded and began to allow franchise agreements to open the same restaurants.
In 2003, the network began franchising and then began to earn already serious finances. Only a year and a half has passed and under the terms of the franchise, more than 300 jobs began to work in the world. After 2016, the network consisted of more than 1,500 different establishments, and there were about the same number in development.
The restaurant menus have their own designs. For example, hamburgers, which have toppings invented by the Five Guys chefs. In addition, customers are offered delicious breakfasts, lunches and dinners with unique side dishes. Each client can personally see how his dish is prepared.
You can get permission to open a restaurant under a franchise if you meet several requirements. For example, you must have experience of owning a restaurant business and several hundred thousand dollars in your account.
If you want to purchase a Five Guys franchise, or another brand, then our specialists will be happy to help you in the selection of a franchise, or a ready-made business, implementation and project management.
Franchise Costs & Fees:
- Liquid capital – at least $ 250 thousand.
- The first payment for the franchise is from about 50 thousand dollars.
- Royalty – depending on the region – from 6 to 8%.
- Equipment – about 90 thousand dollars.
- Training – the price is discussed individually.
- Total investments – from $ 306 thousand to $ 700 thousand.
Five Guys franchise: The information is taken for review from open sources and may differ from the official ones. The terms and conditions can be found on the company’s website: https://www.fiveguys.com.
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