Tuesday, May 15, 2012

Five Guys plans to raise $15M - Puget Sound Business Journal (Seattle):

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Lorton-based which awards franchise rights to locationxs of the burger has filed a Notice of Exempt Offering of The company isprivately held. Five Guys has recentlyg enjoyed attention from both President Barack Obamaq and First LadyMichelle Obama, who separately made high-profild visits there. The president's sojournh was captured on cameraby NBC, which was followinb him around for a profilw piece. The document does not specify why the money isbeing raised.
According to the Five Guys has alreadyraised $10 million of the $15 millio n it is trying to Named in the document are Victor and Jane Murrell, both executivee officers and directors for the company, as well as directord James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specififc details on how the capital wouledbe used, but said that it was for the company' s general business operations. The filing says the offering is not beinvg made in connection with a acqiusition orexchange offer.
The company’s Jerry Murrell, opened the first Five Guys asa carry-outt operation in 1986, in a shopping center on Glebe Road in After opening five corporate locations in the D.C. the company decided to franchisein 2002. The fast-casuaol burger concept now has more than 300 locationxs in25 states, including more than 50 in the D.C. area.

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