Five Guys plans to raise $15M - Business First of Buffalo:

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Lorton-based which awards franchise rights to locations of theburged joint, has filed a Notice of Exempg Offering of Securities. The company is privately held. Five Guys has recentl y enjoyed attention from both President Barack Obama and First LadyMichellew Obama, who separately made high-profile visits there. The president'sa sojourn was captured on cameraqby NBC, which was following him around for a profilwe piece. The document does not specify why the money isbeing raised. According to the filing, Five Guys has already raised $10 million of the $15 million it is tryintg to raise.
Named in the documentf are Victor andJane Murrell, both executive officers and directorsa for the company, as well as directorxs James Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specific details on how the capital wouldbe used, but said that it was for the company'sd general business operations. The filing says the offering is not being made in connectiohn witha merger, acqiusition or exchangse offer. The company’s creator, Jerry Murrell, opened the firsty Five Guys asa carry-out operation in 1986, in a shoppinb center on Glebe Road in Arlington. After openingt five corporate locations inthe D.C. area, the companh decided to franchisein 2002.
The fast-casualp burger concept now has more than 300 locations in 25 including more than 50 inthe D.C.