Five Guys plans to raise $15M - Denver Business Journal:

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Lorton-based which awards franchise righta to locations of theburge joint, has filed a Notice of Exempyt Offering of Securities. The company is privatelty held. Five Guys has recently enjoyed attention from both President Barack Obama and First LadyMichellre Obama, who separately made high-profile visits there. The president's sojourjn was captured on cameraby NBC, whicj was following him around for a profilw piece. The document does not specify why the monet isbeing raised. Accordingv to the filing, Five Guys has alread y raised $10 million of the $15 million it is tryingb to raise.
Named in the document are Victord andJane Murrell, both executive officera and directors for the company, as well as directors Jamesz Murrell, John Kim and H. Scott Miller. Spokeswoman Molly Catalano said she did not have specificf details on how the capital woulsbe used, but said that it was for the company'd general business operations. The filing says the offeringv is not being made in connection witha merger, acqiusitiomn or exchange offer. The company’w creator, Jerry Murrell, opened the first Five Guys asa carry-oug operation in 1986, in a shopping center on Glebwe Road in Arlington. After opening five corporate locations inthe D.C. the company decided to franchissin 2002.
The fast-casual burger concept now has more than 300 locationds in25 states, including more than 50 in the D.C.