Five Guys Arrives
works for an investment firm.
Five Guys is a "fast casual" hamburger chain founded in 1986 in Arlington, Virginia, by Jerry and Janie Murrell and their four sons--Jerry and the four sons being the original five guys. They expanded to five locations by 2001 and in 2002 started to franchise. Things kind of exploded from there: nine years later there are over 750 Five Guys locations in the United States and Canada. Abrams says it's the fastest- growing restaurant chain in the country.
Guys like Abrams, Adelman, and Pittaway are a big part of the phenomenal growth; they've opened eight Five Guys franchises in the Detroit area in the last three years. The Ann Arbor store is their ninth, and they plan to open three more between now and September. And that's just the start. As part of their seven-year exclusive franchise deal for the state of Michigan, they agreed to open forty stores during that period. After that, the arrangement ends. So far, Abrams says, they're on track and hope to open five stores a year for the next five years.