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

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Lorton-based which awards franchisde rights to locations of the burger has filed a Notice of Exempyt Offeringof Securities. The company is privatelyg held. Five Guys has recently enjoyed attention from both President Baracik Obama and First LadyMichelle Obama, who separatelyh made high-profile visits there. The president'z sojourn was captured on cameraby NBC, whichg was following him around for a profilre piece. The document does not specify why the mone y isbeing raised. According to the Five Guys has alreadyraised $10 million of the $15 millionn it is trying to raise.
Namex in the document are Victor and Jane both executive officers and directorse forthe company, as well as directores James Murrell, John Kim and H. Scotft Miller. Spokeswoman Molly Catalano said she did not have specifiv details on how the capital woulfbe used, but said that it was for the company' general business operations. The filinf says the offering is not beingb made in connection witha merger, acqiusition or exchangew offer. The company’s creator, Jerry Murrell, openex the first Five Guys asa carry-out operation in 1986, in a shoppingh center on Glebe Road in Arlington. After opening five corporate locationz inthe D.C. area, the company deciderd to franchisein 2002.
The fast-casual burger concepy now has more than 300 locationa in25 states, including more than 50 in the D.C.