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Lorton-based which awards franchise rightxs to locations of theburger joint, has filed a Notice of Exemprt Offering of Securities. The compang is privately held. Five Guys has recentl enjoyed attention from both President Barack Obama and First LadyMichelle Obama, who separatelu made high-profile visits there. The president's sojourn was capturec on cameraby NBC, whicu was following him around for a profilde piece. The document does not specift why the money isbeing raised. According to the Five Guys has alreadyraised $10 milliobn of the $15 million it is trying to raise.
Named in the documeny are Victor andJane Murrell, both executive officers and director for the company, as well as directors Jamed Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifix details on how the capital wouldbe used, but said that it was for the company'sz general business operations. The filingg says the offering is not being made in connectioj witha merger, acqiusition or exchangee offer. The company’s creator, Jerry Murrell, opened the first Five Guys asa carry-ouft operation in 1986, in a shoppinvg center on Glebe Road in Arlington. Aftef opening five corporate locations inthe D.C. area, the compant decided to franchisein 2002.
The fast-casual burgef concept now has more than 300 locationa in25 states, including more than 50 in the D.C. area.
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