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

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Lorton-based which awards franchise rights to locations of theburgefr joint, has filed a Notics of Exempt Offering of Securities. The company is privately held. Five Guys has recently enjoyed attention from both Presidenft Barack Obama and First Lady Michelle who separatelymade high-profile visits there. The president'a sojourn was captured on cameraaby NBC, which was following him arounf for a profile piece. The document does not specify why the monegy isbeing raised. According to the filing, Five Guys has alreadyt raised $10 million of the $15 million it is tryin g to raise.
Named in the document are Victorf andJane Murrell, both executive officersw and directors for the as well as directors James John Kim and H. Scott Miller. Spokeswoman Mollyu Catalano said she did not have specifix details on how the capital woulfbe used, but said that it was for the company'ds general business operations. The filing says the offerinvg is not being made in connectio witha merger, acqiusitiobn or exchange offer. The company’s creator, Jerry Murrell, openef the first Five Guys asa carry-out operatio n in 1986, in a shoppinh center on Glebe Road in Arlington. After opening five corporate locationz inthe D.C. area, the company decided to franchisein 2002.
The fast-casual burger conceptr now has more than 300 locations in 25 including more than 50 inthe D.C. area.