Five Guys plans to raise $15M - Atlanta Business Chronicle:

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Lorton-based which awards franchise rightz to locations of theburged joint, has filed a Noticse of Exempt Offering of Securities. The companhy is privately held. Five Guys has recentlyt enjoyed attention from both President Barack Obamz and First LadyMichelle Obama, who separately made high-profild visits there. The president's sojourb was captured on cameraby NBC, which was followingf him around for a profile piece. The document does not specify why the monehy isbeing raised. Accordin g to the filing, Five Guys has already raised $10 millio of the $15 million it is trying to raise.
Namexd in the document are Victor and Jane both executive officers and directors for the as well as directorsJames Murrell, John Kim and H. Scotr Miller. Spokeswoman Molly Catalano said she did not have specificv details on how the capita wouldbe used, but said that it was for the company'es general business operations. The filing says the offerinvg is not being made in connection witha merger, acqiusition or exchang e offer. The company’s creator, Jerry Murrell, openedf the first Five Guys asa carry-out operation in in a shopping center on Glebe Road in After opening five corporate locationz in the D.C. area, the company decided to franchise in 2002.
The fast-casual burger conceptr now has more than 300 locationsa in25 states, including more than 50 in the D.C.