Five Guys expands its global footprint
LORTON, Virginia, Sept. 27, 2016
Five Guys today announced that it is accelerating international franchise expansion with plans to nearly quadruple its global footprint from eight countries to 28 over the next five years. The company’s immediate focus is on continued expansion throughout Europe and the Middle East and entering the markets of Australia, Japan and South Korea.
This announcement follows Five Guys’ incredibly successful Paris opening on August 1 and arrives not long after the company was named the United Kingdom’s most popular fast-food chain just two years after establishing itself in Britain.
While Five Guys continues healthy domestic growth with close to 100 units opening annually, Five Guys’ success and demand in international markets to-date has provided the confidence to fast-track international expansion.
“We always knew international was going to be a strong opportunity,” Five Guys Chief Operating Officer Sam Chamberlain said, “but the results have outpaced even our most optimistic projections.”
Five Guys opened its first restaurant outside of North America in 2013 in London. In three years, Five Guys has grown to more than 50 locations in the UK, and in the past year has successfully entered five new markets – Ireland, United Arab Emirates, Saudi Arabia, Kuwait and France. Average unit volumes in international markets are running as much as 5-7 times that of domestic locations.
“The demand from international consumers has been overwhelming and we are applying resources to meet this demand,” Chamberlain said. Senior executives from Five Guys are traveling to Asia in October to meet with prospective partners.
Five Guys is a family owned and operated franchise restaurant group that focuses on serving high quality burgers and fries in a clean, no frills atmosphere. Five Guys was established in 1986 in Arlington, Virginia. In 2003, Five Guys opened its first franchised location and with the help of loyal franchisees, Five Guys has expanded from five to 1,400 locations worldwide. Five Guys continues to be awarded “best” burger across various markets and ZAGAT Survey said “there are no better burgers.”