How much do Five Guys franchise owners make?
A typical Five Guys franchisee owns 10 to 15 restaurants which cost anywhere from $350,000 to $500,000 to open and on average make around 1.2 million in annual revenue.
How much money does a 5 guys make?
Five Guys restaurants typically make around $1.2 million in sales and revenue each year.
Is Five Guys a good franchise?
Considering just how popular its burgers are and their commitment to using never-frozen beef and slicing their own potatoes, owning one has to be a solid investment, right? The short answer would be — yes. If you happen to be a Five Guys franchise owner, then you can expect to make a very healthy income.
How much does it cost to open a 5 Guys franchise?
Opening a Five Guys franchise requires an initial investment ranging anywhere from $306,200 to $641,250, according to the Franchise Disclosure Document. However, this investment is much less than the initial investments other fast food powerhouses require of their franchisees.
How much of Five Guys does Shaq own?
Although O’Neal has divested of his Five Guys stake, it’s worth noting that he probably spent $100 million or more for his share of 155 Five Guys franchises.
Do Five Guys pay well?
How much does a Crew Member at Five Guys Burgers & Fries make? The typical Five Guys Burgers & Fries Crew Member salary is $11 per hour. Crew Member salaries at Five Guys Burgers & Fries can range from $8 – $18 per hour.
Does Five Guys make money?
That said, Five Guys franchisees can reasonably expect to make as much as $1.18 million in annual sales, according to QSR. While this is less than some of its competitors, its lower initial investment might make it a better entry point for some franchisees.
Who is the owner of Five Guys?
Five Guys Holdings, Inc.
Five Guys/Parent organizations
How much does a five guys franchisee make?
Five Guys also takes a gross sales royalty of 6 percent. The median income for a food franchise owner is around $126,866 a year, so we can reasonably expect a Five Guys franchisee to be somewhere around that.
Why is five guys so successful?
Outside of intelligent business decisions, Five Guys has been recognized and awarded by varied media sources most notably the Washingtonian. In 2013, the franchise won the esteemed #1 Burger Chain Honor over Smashburger, In-and-Out, and Shake Shack.
What percentage of sales does five guys take in royalties?
Of course, sales don’t equal income, and operators have to account for all those overhead costs like keeping the lights on and paying staff to sweep up peanut shells a hundred times a day. Five Guys also takes a gross sales royalty of 6 percent.
Who is the founder of Five Guys?
The self-described ‘fast-casual high-quality’ burger restaurant was founded in 1986 by Jerry Murrell in Arlington, VA. Murrell is the chief executive and founder. The original concept was a burger joint, plain and simple. He started the first burger restaurant with his five sons, hence the name—Five Guys Burger and Fries.