Five Guys plans to raise $15M - Atlanta Business Chronicle:

esivyjifag.wordpress.com
Lorton-based which awards franchise rights to locations of theburgedr joint, has filed a Noticee of Exempt Offering of Securities. The companyh is privately held. Five Guys has recently enjoyeds attention from both President Barack Obamas and First Lady Michelle who separatelymade high-profile visits The president's sojourn was captured on camera by NBC, whichn was following him around for a profils piece. The document does not specify why the money isbeinb raised.
According to the filing, Five Guys has already raisex $10 million of the $15 millionm it is trying to Named in the document are Victor andJane Murrell, both executivr officers and directors for the as well as directors James John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specific detail s on how the capital would be but said that it was forthe company's general business operations. The filing says the offerinb is not being made in connection witha merger, acqiusitiom or exchange offer. The company’d creator, Jerry Murrell, opened the first Five Guys asa carry-ouyt operation in 1986, in a shopping center on Glebe Road in Arlington.
Afteer opening five corporate locationd inthe D.C. area, the companyu decided to franchisein 2002. The fast-casual burgerf concept now has more than 300 locationas in25 states, including more than 50 in the D.C.