Five Guys

The Five Guys franchise is a fast-food restaurant that offers amazing burgers, French fries, and milkshakes. The company is known for its special burgers that are made-to-order and are always different, with a quarter of a million possible ways to enjoy a burger in the restaurant. Current expansion plans for the Five Guys burger and fries restaurant chain include Maryland and Virginia primarily, though the company is considering franchising opportunity requests in other states, as long as potential franchisees are financially capable of handling the number of restaurants that a particular market area needs. The company does not current offer financing, but to those who are capable of financing their own franchises, the Five Guys restaurant company does offer extensive training to prepare new franchise owners for the road ahead .Five guys franchise is not a rich scheme in business but it proven equation for a successful business you can join.   

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Five Guys Franchise Cost and Requirements for 2024

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. The company has won a number of awards and honors, including Best Burger in Charlottesville, Best Burger from Richmond Magazine, Best Friends from Annapolis Magazine, and Best Fries from Philadelphia Magazine, as well as awards from the Washingtonian and the Washington Press.The Five Guys restaurant chain offers a menu that is plain and simple, but jam packed with famous burger and famous fry offerings. The Five Guys restaurant chain offers hamburgers, cheeseburgers, bacon burgers and bacon cheeseburgers, and all four of these choices are always available in “little” form. All of the Five Guys restaurant’s famous burgers are made from 100% fresh never-frozen ground beef.

The menu also offers 100% kosher hot dogs, cheese dogs, bacon dogs, and veggie or grilled cheese. The restaurant chain is also known for its famous fries, which come in Five Guys Style and Cajun Style, and are cooked in pure peanut oil which ads no cholesterol.The company is  is looking to expand their offering by pursuing additional franchise opportunities for individuals who have small business franchise experience, or restaurant ownership experience. 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.  

Company Details

Founding: 1986
First Franchise Sold: 2002
Franchise Units Awarded: 1,580 units+
Units in operation: 384

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. However, training for the franchisee and the managers is usually free, but if the franchise owner would want additional staff being trained, he will be bearing the cost of the training which is $1,500 per individual.

2024 Franchise Requirements Needed to Own a Five Guys Franchise.

What does a Five Guys Franchise Cost?

Five Guys franchise fees for 2024:

Net-worth Requirement: $500,000
Liquid Cash Requirement: $250,000
Initial Investment: $306,200 - $716,250
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 6,0% - 8,0%

Is Five Guys a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Five Guys is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Five Guys a Home Based franchise?

No. Five Guys is not a home based franchise opportunity.

What Do Five Guys Franchise Owners Make?

This information is not available. Five Guys does not offer an Item 19 in their Franchise Disclosure Document.

Is Five Guys Looking for Franchisees in Canada?

Yes. Five Guys franchise is looking for Canada franchisees.

Is Five Guys Looking for International franchisees?

Yes. Five Guys franchise is looking for International franchisees.

Where can I see Five Guys's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

Five Guys Franchises for Sale

Click Here to inquire about existing Five Guys franchises for sale. We may have Five Guys franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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