A December, 2020 Twitter post, written in response to a single location closure, initiated a spate of rumors regarding the permanent shuttering of Five Guys.
This article is based on corporate postings and accredited media reports. All linked information within this article is fully-attributed to the following outlets: Wikipedia.org, ScrapeHero.com, RestaurantClicks.com, and Restaurants.FiveGuys.com, and Zippia.com.
This article represents the latest in a series that attempts to elucidate the truth behind internet rumors of business closures.
Wikipedia.org features a comprehensive overview of the Five Guys chain. The site’s company page states: Five Guys Enterprises LLC (doing business as both Five Guys Burgers and Fries, and simply Five Guys) is an American fast casual restaurant chain focused on hamburgers, hot dogs, and French fries, and headquartered in Lorton, Virginia, part of Fairfax County. The first Five Guys restaurant opened in 1986 in Arlington County, Virginia, and by 2001, the chain had expanded to five locations throughout the Washington, D.C. metro area. In early 2003, the chain began franchising, beginning a period of rapid expansion.
Between the years 2010 and 2011, according to Wikipedia, Five Guys was considered the fastest-growing fast food chain in the United States, with a 32.8% sales increase year-to-year.
The company remained largely consistent in terms of adding locations until the announcement of the pandemic in 2020. Word of the company closing appears to have begun that December.
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Five Guys, 2022
A May, 2022 article from RestaurantClicks.com, entitled “The Truth Behind Rumors of Five Guys Closing,” stated rumors of the chain going out of business began with a single Twitter post in late-2020, in reference to a single location closure. Readers picked up on the Tweet and spread further rumors when word of 27 Texas locations were being sold shortly thereafter.
As excerpted from the article: Last updated in May of 2020, Five guys have posted a statement including a list of new regulations and procedures listed on its website detailing the COVID precautions it is taking and how it intends to handle moving forward during the pandemic. Otherwise, Five Guys is doing very well, all things considered. Every large chain restaurant suffers from the occasional location closing. Its sale of 27 locations in Texas might have also been part of its effort to avoid closing locations. Handing off locations to franchisees offloads time and effort for the corporation as a whole.
As to today’s status, according to ScrapeHero.com: There are 1,392 Five Guys locations in the United States as of May 24, 2022. The state with the most number of Five Guys locations in the US is California, with 130 locations, which is 9% of all Five Guys locations in America.
For a list of specific current locations, see here for the Five Guys website.
Finally, according to Zippia.com, the company’s peak revenue was in 2021: $832 million. Over 15,000 individuals are employed by the company.
Once more, rumors of a restaurant, in this instance Five Guys, currently facing insurmountable business difficulties appear to be false. As with any other restaurant, strategic closures of under-performing locations will likely occur in the future, though there is a world of difference between prudent business practice and permanently closing a company.
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