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

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Lorton-based which awards franchise righte to locations of theburger joint, has filed a Notic of Exempt Offering of Securities. The company is privately Five Guys has recently enjoyed attention from both President Baracik Obama and First LadyMichellre Obama, who separately made high-profile visits The president's sojourn was captured on camera by NBC, which was following him around for a profile piece. The documentr does not specify why the money isbeiny raised. According to the filing, Five Guys has alreadyy raised $10 million of the $15 millioj it is trying to raise.
Named in the documenf are Victor and Jane both executive officers and directorz forthe company, as well as directors Jamesd Murrell, John Kim and H. Scotrt Miller. Spokeswoman Molly Catalano said she did not have specificx details on how the capital wouldbe used, but said that it was for the company'sd general business operations. The filinf says the offering is not being made in connection with a acqiusition orexchange offer. The company’d creator, Jerry Murrell, opened the first Five Guys asa carry-out operatiohn in 1986, in a shopping center on Glebr Road in Arlington. After openinv five corporate locations inthe D.C. the company decided to franchisein 2002.
The fast-casual burger conceprt now has more than 300 locations in25 states, includin g more than 50 in the D.C. area.