Five Guys in Mechanicsville

fatratcat

Member
I've been doing some research on franchises. I think the first person to open a Five Guys hamburger joint in Charlotte Hall is goingto make a ton of money. Am I wrong?
 

fatratcat

Member
I've been doing some research on franchises. I think the first person to open a Five Guys hamburger joint in Charlotte Hall is goingto make a ton of money. Am I wrong?

The total investment to open a Five Guys Burgers & Fries restaurant franchise is between $152,000 and $360,000, with liquid assets available of $150,000. The franchise fee is $25,000.

Seems low...thoughts...
 

Urbanite

Member
I've been doing some research on franchises. I think the first person to open a Five Guys hamburger joint in Charlotte Hall is goingto make a ton of money. Am I wrong?

MY family alone would eat enough from Five Guys in Charlotte Hall to make that franchise a whole lot of money !!!! The boys love it !
 

TPD

the poor dad
I've been doing some research on franchises. I think the first person to open a Five Guys hamburger joint in Charlotte Hall is goingto make a ton of money. Am I wrong?

The total investment to open a Five Guys Burgers & Fries restaurant franchise is between $152,000 and $360,000, with liquid assets available of $150,000. The franchise fee is $25,000.

Seems low...thoughts...

I think you may be wrong in the 'making a ton of money' assumption. I've only been to Five Guys once and was not impressed. It wasn't an experience that said I had to go back. With that being said, what do you get for your investment of almost $400,000? Is the franchise fee a one-time deal or is it an annual fee? What other fees will you pay to corporate? The reason you go with a franchise is for name recognition, advertising, and consistency/quality of product. Name recognition - well it's not BK or McDs. Advertising - can't say I've ever seen any of their advertising on TV, web, or newspaper. If I did, it wasn't something memorable. Consistency - I've only been once so can't speak to that, but it's only a hamburger and fries - shouldn't be too hard to keep it consistent, once you find a quality product. Startup costs of $150-$360k will probably not include the purchase or rent of a building.

So my summary on this initially is that a 'Five Guys' franchise anywhere is not going to make you a ton of money. You can probably open up a burger joint under your name in Charlotte Hall for half the cost and make just as much money. But the food business is a tough business, so look at a different industry. JMO
 

BernieP

Resident PIA
:barf: They burn their burgers into dried out leather disks, IMO.

I really don't get the love for 5 guys, they don't seem that much different than all the other fast food "burger" joints.

I like meat, red beef meat. I like to see what I'm eating is beef, not some brownish gray chewy disk. I like the juice to run when I take a bite.

The Grill in Leonardtown.... has probably the best burgers around.
I know Red Robin but they make it difficult to just get a burger.
Ruby Tuesdays does good burgers.

But the Grill in L-town... oh my mouth is watering for a burger just thinking of that place. :dye:
 

somdfunguy

not impressed
Just copy them, call it One Guy's Burgers and be done with it. Serve good food, at a reasonable cost, and be polite you can succeed. Don't need a franchise fee for that.


Love 5 Guys though and they are currently the fastest growing restaurant chain.
 

fatratcat

Member
I think you may be wrong in the 'making a ton of money' assumption. I've only been to Five Guys once and was not impressed. It wasn't an experience that said I had to go back. With that being said, what do you get for your investment of almost $400,000? Is the franchise fee a one-time deal or is it an annual fee? What other fees will you pay to corporate? The reason you go with a franchise is for name recognition, advertising, and consistency/quality of product. Name recognition - well it's not BK or McDs. Advertising - can't say I've ever seen any of their advertising on TV, web, or newspaper. If I did, it wasn't something memorable. Consistency - I've only been once so can't speak to that, but it's only a hamburger and fries - shouldn't be too hard to keep it consistent, once you find a quality product. Startup costs of $150-$360k will probably not include the purchase or rent of a building.

So my summary on this initially is that a 'Five Guys' franchise anywhere is not going to make you a ton of money. You can probably open up a burger joint under your name in Charlotte Hall for half the cost and make just as much money. But the food business is a tough business, so look at a different industry. JMO

Agreed. The food business is tough. If and when I settle on a franchise, Five Guys is at the top of the list. I respect your opinion, but I do think it will do very well. The competition is really weak in CH.
 
Top