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May 13, 2021 · A good way of judging this is to consider the wealth of its CEO, Jerry Murrell. Murrell founded Five Guys in 1986 with his four sons and has remained at the helm ever since (via Inc. ). According to Evening Standard, Five Guys achieves an annual turnover of $1 billion, valuing the Murrell family's income from the firm at $400 million ...
Murrell says he looks for a franchisee to have a net worth of at least $1.5 million and liquidity of $500,000. Franchisees pay an upfront fee of $20,000, then an additional $75,000 per store.
Five Guys was founded in 1986 by Janie and Jerry Murrell. Jerry and the couple's sons Jim, Matt, Chad, and Ben were the original "Five Guys". The Murrells had a fifth son, Tyler, two years later. Today, all five sons, the current "Five Guys", are involved in the business: Matt and Jim travel the United States visiting stores, Chad oversees ...
Jul 8, 2015 · Co-founders include Murrell’s wife and Five Guys President Janie and his five sons; younger generations also work for the company; More than 1,000 Five Guys Burgers and Fries locations; 1,500 units in development; Members help make our journalism possible.
Aug 30, 2013 · For the Murrell family—Jerry; his wife, Janie; and five sons: Jim, Matt, Chad, Ben and Tyler—the journey from an upstart hamburger shop in Arlington, Va., into a burger empire has been an adventure enjoyed together. Distinct roles. Around Five Guys headquarters in Lorton, Va., the five Murrell sons are usually known as “the boys.”. Jim ...
Five Guys has been a Washington, DC area favorite since 1986 when Jerry and Janie Murrell offered sage advice to the four young Murrell brothers:"Start a business or go to college.”. The business route won and the Murrell family opened a carry-out burger joint in Arlington Virginia. Under the guidance of Jerry and Janie the Murrell family ...
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Jan 14, 2019 · Later. Jerry Murrell's mother used to tell him, you can always make money if you know how to make a good burger. In 1986 — after failing at a number of business ideas — Murrell opened a tiny ...
