Five Guys Explained

Five Guys Enterprises, LLC
Trade Name:Five Guys Burgers and Fries
Type:Private
Industry:Food
Genre:Fast casual restaurant
Founders:Jerry Murrell, Janie Murrell
Hq Location City:Alexandria, Virginia
Hq Location Country:United States
Num Locations:1,700+[1]
Num Locations Year:2021
Area Served:
  • Australia[2]
  • Austria[3]
  • Bahrain
  • Belgium
  • Canada
  • China
  • France
  • Germany
  • Hong Kong
  • Republic of Ireland
  • Kuwait
  • Netherlands[4]
  • Italy[5]
  • Luxembourg
  • Macau
  • Malaysia[6]
  • Qatar
  • Saudi Arabia
  • Singapore[7]
  • South Korea[8]
  • Spain
  • Switzerland
  • United Arab Emirates
  • United Kingdom
  • United States
Key People:Jerry Murrell, Jim Murrell, Matt Murrell, Chad Murrell, Ben Murrell, Tyler Murrell
Products:Hamburgers, french fries, hot dogs, soft drinks, milkshakes
Revenue: US$1.711 billion[9]
Revenue Year:2021
Owner:Murrell family
Num Employees:5,000[10]
Num Employees Year:2021

Five Guys Enterprises, LLC (doing business as Five Guys Burgers and Fries and Five Guys) is an American fast food chain focused on hamburgers, hot dogs, and french fries. It is headquartered in Alexandria, Virginia.[11] [12]

The first Five Guys restaurant opened in 1986 in Arlington County, Virginia. By 2001, there were five locations in the Washington, D.C., metro area. In early 2003, Five Guys began franchising, beginning a period of rapid expansion. In a year and a half, permits had been sold for over 300 franchised locations., Five Guys had over 1,700 locations open worldwide, with 1,300 locations under development. It was the fastest-growing fast food chain in the United States, with a 32.8% sales increase from 2010 to 2011.[13]

History

Five Guys was founded in 1986 by Janie and Jerry Murrell. Jerry and the couple's sons Jim, Matt, Chad, and Ben were the original "Five Guys".[14] [15] 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 United States visiting stores, Chad oversees training, Ben selects the franchisees, and Tyler runs the bakery.[16]

The first Five Guys was in Arlington's Westmont Shopping Center. Buns were baked in the same center by Brenner's Bakery. This location closed, in favor of another in Alexandria, Virginia, at the intersection of King and North Beauregard Streets, which closed on September 21, 2013.[17] More followed in Old Town Alexandria and Springfield, Virginia, making five locations open by 2001. Their success encouraged the Murrells to franchise their concept the following year, engaging Fransmart, a franchise sales organization. Former American football player Mark Moseley, who had gone to work for Fransmart after his football career, played a key role in Five Guys' expansion and went on to become the company's director of franchise development after it ended its business relationship with Fransmart.[15] [18] In early 2003, the chain began franchising, opening the doors to rapid expansion which caught the attention of national restaurant trade organizations and the national press. The expansion started in Virginia and Maryland, and by the end of 2004, over 300 units were in development through the Northeast. Over the next few years, the chain rapidly expanded across the entire United States and into Canada, reaching over 1,000 locations by 2012.

The first location outside North America opened in the United Kingdom in July 2013, in London on Long Acre in Covent Garden.[19] The chain now has more than 150 restaurants in the UK. Five Guys also has locations in the Middle East and has continued to expand in Europe. In late 2017, Five Guys opened its first restaurants in Germany, with a branch in Frankfurt and another in Essen.[20]

Five Guys, one of the top three burgers in the U.S., opened its first Korean store in Gangnam, Seoul, at 11 a.m. on June 26, 2023 with a countdown shout. As of 2024, there are a total of four branches in Seoul.[21]

Five Guys Enterprises has several affiliated companies that are not part of a consolidated group, but are under common ownership. Five Guys Operations was founded in 2012,[22] Five Guys Holdings was founded in 2007.[23] Five Guys Foods UK Limited was incorporated on March 12, 2013.[24] FGE International,[25] FGO International BV, and FG Coöperatief U.A.[26] are based in Amsterdam. FGH International C.V. is located in Bermuda.[27]

Five Guys had a headquarters in Lorton, Virginia, overlooking the Occoquan and Potomac Rivers, that was specially designed to convey the corporate brand. According to the architect, "The lobby mimics the typical Five Guys restaurant with red and white tile, tall tables, Freestyle Coke machine and signature peanut boxes."[28] In 2023, they moved their headquarters to a new location in Alexandria, Virginia.[29]

On September 24, 2020, the first Five Guys location with a drive-through window opened in Surfside Beach, South Carolina. The franchisee retained it from the former business in the building in light of COVID-19 pandemic safe practices.[30]

In September 2021, Five Guys opened their first location in Australia.[31] The chain also has plans to expand into New Zealand.[32] In November 2022, Five Guys announced the relocation of their headquarters to the Carlyle neighborhood of Alexandria, Virginia.[33]

Menu

The Five Guys menu focuses 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.[18] The hamburgers come in two sizes: regular (two patties) and little (one patty). Fresh-cut french fries are the sole side item, available salted only in "Five Guys style" or seasoned "Cajun style".[34] Customers may select from 15 different toppings at no charge.

Complimentary roasted in-shell peanuts are offered for on-site consumption at most locations, with signage alerting potential customers who may have a peanut allergy; for these allergen reasons, customers are not allowed to take peanuts off-site.[35]

The chain also sells milkshakes in the traditional vanilla, chocolate, and strawberry flavors, and can also be ordered with the customer's choice of up to 10 free toppings mixed in, ranging from Oreo cookies to bacon.

Five Guys experimented with offering coffee, but this was discontinued due to quality concerns.[36] Like other breakfast items, such as the BLT sandwich and bacon, egg and cheese sandwich, coffee is currently only offered in Five Guys's airport locations and its location near McPherson Square station.[37]

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.[18] 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.[38]

Since franchising, it has also received awards in other cities.[39] [40] [41] The chain has something of a cult following[42] and remarkable brand loyalty. Five Guys has been rated one of the most talked-about burger brands online.[43]

As Five Guys continues to expand into the US West Coast, comparisons have been made with In-N-Out Burger, another generally similar fast food chain. Comparing the two chains in 2011, the Los Angeles Times noted that Five Guys' menu items are generally more expensive than In-N-Out's, they lack drive-throughs that In-N-Out is famous for, and are most often found inside shopping malls. The newspaper still conceded that by pricing its products higher, offering bigger burgers and building larger dining rooms, Five Guys could capitalize on the recent trend of mid-level places that offer more expensive products than fast food but cheaper than fancy restaurants.[44]

In 2011, Five Guys was ranked first in "Fast Food – Large Chains" and "Best Burger" in Zagat's annual Fast Food Survey.[45] In 2012, Market Force Information, Inc. polled 7,600 fast-food consumers, and Five Guys ranked No. 1 in food quality and taste, service, cleanliness, and atmosphere.[46] In 2016, Five Guys was ranked first in the burger, steak, chicken and grill category of a Market Force UK survey.[47]

External links

Notes and References

  1. Web site: Five Guys Story. 2022-01-20. 2022-01-20. Five Guys.
  2. Web site: Five Guys to open in Penrith on Monday morning. Western Weekender. 2021-09-16. 2021-09-20.
  3. Web site: Five Guys: Was am neuen Burgerhype in Wien dran ist. Der Standard. 2021-01-30. 2022-01-31.
  4. Web site: Five Guys opent in Eindhoven. Eindhovens Dagblad. 2017-12-11. 2021-06-14.
  5. Web site: Non solo Starbucks: apre Five Guys, il fast food "dove tutto è fresco". E spunta il frappè al bacon. MilanoToday.
  6. Web site: US fast food chain FIVE GUYS bites into Malaysia with Genting outlet. October 26, 2021.
  7. Web site: More than 1,000 Five Guys burgers sold on opening day. The Straits Times. 2019-12-16. 2020-08-08.
  8. News: Kim. Min Joo. June 29, 2023. Five Guys has opened in South Korea. People went nuts.. Washington Post. Seoul. June 15, 2024.
  9. Web site: Five Guys. www.restaurantbusinessonline.com.
  10. Web site: Five Gys Burgers and Fries. Forbes.
  11. Web site: Contact Us. Five Guys. April 23, 2018. Five Guys Enterprises, LLC 10718 Richmond Highway, Lorton, VA 22079 USA.
  12. Previous locations include 10440 Furnace Road Suite 205 Lorton, VA 22079, as stated by Contact Us retrieved on October 1, 2012 and archived on September 20, 2012, and 8390 Terminal Road Suite B Lorton, VA 22079 as stated by Contact, archived on November 28, 2006 and retrieved on October 1, 2012.
  13. Web site: Wendy's dethrones Burger King but Five Guys grows fastest. . March 19, 2012. January 19, 2015.
  14. News: Five Guys, Taking a Bigger Bite. The Washington Post. April 3, 2006. March 10, 2008. Michael S.. Rosenwald.
  15. Web site: Number 1 with a Burger. Restaurant Business. August 2006. September 13, 2008. https://web.archive.org/web/20070726162843/http://www.fiveguys.com/Images/Restaurant%20Biz%20Magazine%20August%202006.pdf. July 26, 2007.
  16. How I Did It: Jerry Murrell, Five Guys Burgers and Fries . Liz Welch . Inc. . Mansueto Ventures LLC . April 1, 2010 . April 10, 2010.
  17. Web site: 2013-09-26 . Five Guys West End Location Closes . 2024-07-08 . West End Alexandria, VA Patch . en.
  18. Behind Five Guys' Beloved Burgers . BusinessWeek . Karen Weise . August 11, 2011 . https://web.archive.org/web/20110911003036/http://www.businessweek.com/magazine/behind-five-guys-beloved-burgers-08112011.html. dead. September 11, 2011.
  19. Web site: Five Guys v Shake Shack - restaurant review. The Evening Standard. August 19, 2014 .
  20. Web site: Five Guys öffnet noch 2018 Filialen in Berlin und München . Thorsten . Mumme . 18 May 2018 . 20 June 2018 . NGIN Food . Vertical Media GmbH . de . June 20, 2018 . https://web.archive.org/web/20180620180755/https://ngin-food.com/artikel/five-guys-berlin-muenchen/ . dead .
  21. Web site: 2023-06-26 . [현장] 한화 김동선의 첫작품 '파이브가이즈' 한국1호점 강남에 오픈 ]. 2024-03-25 . 뉴시안 . ko.
  22. and Web site: Five Guys Operations LLC: Company Profile. Bloomberg.
  23. Web site: Five Guys Holdings, Inc: Private Company Information. Bloomberg.
  24. Web site: Five Guys Foods UK Limited. Endole.
  25. Web site: Five Guys International BV. drimble.nl.
  26. Web site: FG Coöperatief U.A.. company.info. June 11, 2018.
  27. Web site: FGH International C.V.. Orvis Directory. June 11, 2018. June 12, 2018. https://web.archive.org/web/20180612140440/https://orbisdirectory.bvdinfo.com/directory-OJMJGIBIDIFIIIBIFIAI.urk. dead.
  28. Web site: Five Guys Corporate Headquarters at Gunston Commerce Center, Building 3. R.W. Murray Company.
  29. Andrews, Kate (7 July, 2023) Virginiabusiness.com. Retrieved 15 September, 2023.
  30. News: David. Wetzel. Why the Five Guys restaurant set to open in Myrtle Beach area is a first for the brand. The Sun News. September 22, 2020. September 25, 2020.
  31. Web site: Stowe . Sarah . 2021-09-17 . Five Guys opens first Australian outlet . 2022-03-30 . Inside Franchise Business . en-US.
  32. Web site: Stowe . Sarah . 2020-07-29 . Five Guys expands to Australia, New Zealand . 2022-03-30 . Inside Franchise Business . en-US.
  33. Web site: Neibauer. Michael. Five Guys moving corporate headquarters inside the Beltway after a decade in Lorton. 2022-11-22. 2023-01-31 . Washington Business Journal. American City Business Journals.
  34. Web site: Menu . Five Guys . June 11, 2018.
  35. Web site: 5 things you didn't know about Five Guys. Fox News. Myers. Dan. 2017-01-19. 2017-10-25.
  36. Web site: Five Guys Burgers: America's Fastest Growing Restaurant Chain. Forbes. July 18, 2012. Monte Burke.
  37. Web site: Five Guys Breakfast Reviewed. July 24, 2012. So Good. Huffington Post.
  38. Web site: Uxbridge Five Guys Scheduled for June Opening. Lisa Hannah Raven. Get West London. April 4, 2014. April 9, 2014.
  39. Newmarket, Ontario, Canada. Press. Five Guys. April 17, 2006. https://web.archive.org/web/20060414134730/http://fiveguys.com/press.html. April 14, 2006.
  40. Web site: Virginia Beach Best Food & Dining. HamptonRoads.com. Landmark Media Enterprises L.L.C. June 26, 2007. https://web.archive.org/web/20070822030857/http://home.hamptonroads.com/best/winners/directory07.cfm?c_id=6&meta=274&postback=1. August 22, 2007.
  41. Web site: Jacksonville Magazine's The Best of Jacksonville 2007. July 12, 2014. July 14, 2014. https://web.archive.org/web/20140714181617/http://secretmenus.com/bestof2008.pdf. dead.
  42. Web site: Five Guys Newcastle restaurant could be on the menu for popular burger chain. Southern. Keiran. 2016-01-28. nechronicle. 2016-05-20.
  43. Web site: Best (Bad for You) Burgers. Lisa Joy Rosner. NetBase. March 14, 2011. Nov 9, 2011. September 1, 2011. https://web.archive.org/web/20110901180525/http://www.netbase.com/blog/sentiment/best-bad-for-you-burgers/. dead.
  44. News: Will Five Guys overtake In-N-Out?. Sharon Bernstein. Los Angeles Times. April 8, 2011. Nov 10, 2011.
  45. News: Five Guys, Subway Top In-N-Out, Taco Bell In Zagat's Fast Food Survey. Polis. Carey. September 6, 2011. 26 November 2012. Huffington Post. https://web.archive.org/web/20110907225004/http://www.huffingtonpost.com/2011/09/06/zagat-fast-food-survey_n_950167.html. September 7, 2011.
  46. News: Hsu . Tiffany . Five Guys voted favorite burger chain, McDonald's near bottom . . 2012-09-19 . 2012-10-04.
  47. Web site: Five Guys Is Now the UK's Favorite Fast Food Burger Washingtonian (DC). 2016-03-29. Washingtonian. en-US. 2019-06-05.