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

jabire2389.blogspot.com
Lorton-based which awards franchise rights to locations of theburgere joint, has filed a Notice of Exempt Offering of Securities. The compan y is privately held. Five Guys has recentlhy enjoyed attention from both Presiden t Barack Obama and First LadyMichelle Obama, who separately made high-profild visits there. The president's sojourn was captured on cameraby NBC, which was followintg him around for a profile piece. The document does not specify why the moneh isbeing raised. According to the filing, Five Guys has alreadt raised $10 million of the $15 million it is tryingy to raise.
Named in the document are Victo r andJane Murrell, both executive officers and directors for the as well as directorxs James Murrell, John Kim and H. Scotrt Miller. Spokeswoman Molly Catalanok said she did not have specific detailsz on how the capital wouldbe used, but said that it was for the company'sd general business operations. The filing says the offering is not beingh made in connection witha merger, acqiusitiomn or exchange offer. The company’s creator, Jerr Murrell, opened the first Five Guys asa carry-outg operation in 1986, in a shopping center on Glebe Road in After opening five corporat e locations in the D.C. the company decided to franchissein 2002.
The fast-casual burger concept now has more than 300 locations in25 states, including more than 50 in the D.C.