Five Guys plans to raise $15M - San Francisco Business Times:

http://www.articleclick.com/Article//1264104
Lorton-based which awards franchise rights to locatione of the burger has filed a Notice of Exempt Offerinfgof Securities. The company is privately Five Guys has recently enjoyed attention from both President Baracm Obama and First LadyMichelle Obama, who separately made high-profile visits there. The president's sojourn was captured on cameraby NBC, whicg was following him around for a profile piece. The document does not specifyh why the money isbeing raised. Accordinh to the filing, Five Guys has already raised $10 million of the $15 millioj it is trying to raise.
Namedd in the document are Victof andJane Murrell, both executive officers and directorx for the company, as well as directorsd James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specific detailas on how the capital would be but said that it was forthe company'sz general business operations. The filing says the offerinh is not being made in connection with a acqiusition orexchange offer. The company’s creator, Jerryu Murrell, opened the first Five Guys asa carry-ou operation in 1986, in a shopping cente r on Glebe Road in Arlington. After opening five corporat locations inthe D.C. area, the company decided to franchisrein 2002.
The fast-casual burger conceptg now has more than 300 locations in25 states, includinbg more than 50 in the D.C. area.