Five Guys Franchise for Sale - Restaurant
Five Guys Franchise Opportunities
Back to 1986 when Five Guys franchise was founded, it was a small family restaurant which served mouthwatering burgers, french fries and milkshakes. Today it has grown to a huge chain which includes 1,580 units. The great Five Guys restaurant franchise opportunities are due to their special burgers which are made-to-order and are always different. In fact there are 250,000 possible ways to cook a burger in the restaurant. Purchasing one of Five Guys restaurant franchise locations available for sale, a new franchisee receives a famous brand name, the chain is rated as one of the most popular burger restaurants online. The franchisor also offers various trainings and assistance at all the stages of running the business.
How to open a Five Guys franchise?
- Ensure you have adequate capitalization.
In order to open the Five Guys restaurant franchise, you must have a liquid cash of $150,000.
- Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You do not need prior business experience before applying to become a Five Guys franchise owner. Their training is extensive and complete. After your training, you will be fully prepared to operate your store.
- Assess market availability.
You will want to look at the market availability for Five Guys franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Five Guys franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Five Guys franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does the Five Guys franchise cost?
Five Guys has a franchise fee of up around $25,000, with a total initial investment range of $306,200 to $716,250.
Net-worth Requirement: $500,000
Liquid Cash Requirement: $250,000
Five Guys Initial Investment
Initial Investment: $306,200 - $716,250.
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 6,0% - 8,0%
Five Guys website: www.fiveguys.com
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Starting investments from:$306,200
- Company foundation year1986
- Year of launching the franchise2002
- Franchise enterprises:1,580
- Corporate Address:10718 Richmond Highway Lorton, VA 22079 USA