Wednesday, May 2, 2012

Five Guys plans to raise $15M - Austin Business Journal:

stelauguqdinec.blogspot.com
Lorton-based which awards franchise rights to locations of the burger joint, has filed a Notice of Exempty Offering of Securities. The compant is privately held. Five Guys has recentlt enjoyed attention from both President Barack Obama and First LadyMichelle Obama, who separately made high-profilew visits there. The president's sojourn was captured on cameraby NBC, whicgh was following him around for a profile piece. The documentt does not specify why the money is being According tothe filing, Five Guys has already raisee $10 million of the $15 million it is tryinh to raise.
Named in the document are Victodr andJane Murrell, both executivs officers and directors for the as well as directorsa James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specific details on how the capitak wouldbe used, but said that it was for the company' s general business operations. The filing says the offerinb is not being made in connectio witha merger, acqiusition or exchangd offer. The company’s creator, Jerryt Murrell, opened the first Five Guys asa carry-ougt operation in 1986, in a shopping center on Glebe Road in After opening five corporate locationas in the D.C. area, the company decided to franchisein 2002.
The fast-casuakl burger concept now has more than 300 locations in 25 including more than 50 inthe D.C. area.

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