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Fast Food

Five Guys Burger and Fries: $100 Million Credit Facility Priming Their Growth?

Earlier this month we reported on Five Guys restaurants leading the pack of expanding chains in the sector, numbering 740 locations in the United States and Canada. A report out of NRN yesterday highlighted one of the main aspects of their growth as it finalized a close on a $100 million credit facility, made up of a $45 million revolving line of credit and a $55 million term loan.

The past three years has seen more than 375 new Five Guys restaurant openings, the NRN article includes a quote from the brand’s chief financial officer Peter Hanson that, “GE Capital’s [their funding source] ability to grow with us, from a $14 million credit facility in 2008 to a $100 million credit facility in 2011, has been a critical part of our success.”

With Five Guys‘ capital on a brand new level, we now have an interesting look at the restaurant’s future expansion. Along with reports on the company’s growth amongst competitors, this month also saw a release of a Five Guys Android Phone App that accompanied their web ordering system, keeping their technological adoption process at a relative high.

Could this extra funding be funneled into their expansion into a highly sought after iPhone App? Are there more areas you wish a Five Guys location would pop up? Speak on it!

By Elie Ayrouth

Elie is a product of Orange County, CA. In early 2012, his dentist diagnosed him with 8 different cavities, three of which on the same tooth, as a result of his 23-year Sour Patch Kid addiction.

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