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Five Guys
Food & Beverage· USA· Est. 1986

Five Guys

Parent: Five Guys Enterprises LLC (Private)

FRA GoldLow TransparencyHigh ROIEmerging Growth
77
Overview

Five Guys is a premium burger franchise known for its all-fresh ingredients, generous portions, and selective franchising. It commands premium pricing in the fast-casual segment and has strong international expansion in Europe and the Middle East.

Key Metrics

1,700
Total Units
85%
Franchised
$4.2B
System Revenue
$2M
Avg Unit Volume
$306K
Min Investment
$911K
Max Investment
6%
Royalty Fee
19%
Avg ROI
Model Breakdown

Business Model

Premium burger franchise with no frozen ingredients policy. Higher price point and food quality than QSR peers. Selective franchising.

Supply Chain Control

High

Franchisee Support

High

Expansion Strategy

Selective franchise agreements, international area development

Logistics Model

Fresh ingredient delivery — no freezers permitted in stores

Investor & Ownership

Murrell family (private)

FRA Compliance Scores
Legal Fairness
72/100
Financial Transparency
55/100
Support Systems
78/100
Franchisee Success Rate
74/100

FRA Insight

Strengths

Premium product differentiation, fresh ingredient commitment, strong international brand recognition.

Weaknesses

Private company — limited data disclosure. Fresh supply chain is operationally complex and costly.

Key Risks

Premium price sensitivity in downturns, fresh supply chain complexity, Shake Shack and competitor pressure.

Data sources: Estimates, FDD