This website uses cookies to ensure you have the best experience. Learn more

Five Guys Essay

1180 words - 5 pages

Entrepreneurial Leadership

Contemporary Business

October 27, 2013

Five Guys is a large fast-food chain restaurant that stands out among the rest. They have different philosophies that set them apart from other fast-food companies. Many of the values that Five Guys started with have made them succeeded and are still a huge factor in their success today. After being around for seventeen years, Five Guys decided to start franchising the company, which lead to a large success in such a short amount of time. We will also discuss the ethical and social practices that Five Guys have that are a part of their ...view middle of the document...

” At Five Guys, “They soak the fries in water so when the fries are pre fried; the water boils, forcing steam out of the fry. This forms a seal so that when they get fried a second time, the fries don’t absorb any oil, and so are never greasy (Welch).” These fires are cut every morning fresh. They also focus on all of their franchises to be so clean that you can eat off the floor. These values are still strong today and help with their success in the fast-food business.

For seventeen years Five Guys was a family owned and operated company, until 2003 when Jerry and Jane Murrell and their sons decided to offer the company as a franchise (Five Guys). There are now one-thousand and thirty nine stores open between the United States and Canada and about fifteen thousand more ready to build (Burke). One of the main reasons that they are so successful is because of the quality of their burger. Around the United States and Canada, you will get the made to order to what the customer wants, buns always toasted on a grill, eighty percent lean beef that is never frozen (Welch). You will always get the same amount of condiments no matter what the issue is, for example in the article on “Inc.Com” the price of a case of tomatoes went up because a hurricane wiped out the crops in Florida, and the franchisee did not want to buy at the price of the tomatoes, so instead of not using any tomatoes they stuck to the two slices because that’s how it should always be no matter what (Welch). Another way that made Five Guys so successfully in such a short amount of time is making the company into a franchise. When they first started they only accepted people that had the amount of money upfront to invest because they knew banks would not help (Welch). This also allowed the franchisee and the corporation to make a profit right away instead of having to pay a loan back. The third reason that they were able to succeed is because they kept the business simple. They only decorate the decor with red and white stripes. They also do not add anything else to the menu other than burgers and fries. They do not want to decrease the quality of their food by adding additional items to the menu, and they also want to be able to only serve fresh ingredients. For years people have asked them to add different...

Other Papers Like Five Guys

Five Guys Essay

1131 words - 5 pages Five Guys is a concept tha has never looked better to this struggling business economy and the fight for financial freedomis a tough rat race all the way to the end. Not for Five Guys, a company that sets the bar for the unthinkable by remaining true to their brand. A modest burger and frie joint that started in Arlington, Va was birth by Jerry Murrell who his lane, “We are in the business of selling burgers” – stated Jerry Murrell as one of

Assignment 1: Five Guys

1150 words - 5 pages Introduction What do you get when two parents motivate five sons to make a decision between going to college or to start a business? You’ve guessed right, Five Guys Burgers and Fries. Their ingredients for success were founded in 1986 by parents Jerry and Janie Murrell along with their five sons (Boone & Kurtz, 2012). Five Guys went from a small family restaurant to being considered the fastest growing food industry in today’s consumer market

Five Guys’ Swot Analysis

1280 words - 6 pages As a food service company, Five Guys has its own strengths that could see them increase the influence it has in the world market over the other companies. First of all, it has more than seven hundred locations in forty different states and even in four Canadian Provinces (Weise, 2011). An extensive network of a business and its operations is strength in accordance to what their competitors present. They offer a wide variety of foods and drinks

Entrepreneurial Leadership: Five Guys'

1338 words - 6 pages 1. Determine how Five Guys’ philosophy sets it apart from other fast-food chains. No advertising is needed other than word of mouth for this all-American burger restaurant. I know from my own experience with Five Guys' how true this is. Going from a small town in West Virginia to Northern Virginia, all I heard was that I had to try a Five Guys' burger because there was nothing else like it. I had the luxury of going to one of the original

Five Guys Burger & Entreprenuership

898 words - 4 pages Assignment 1: “Five Guys Burgers and Fries: Ingredients for Success” October 24, 2012 Using the Wiley Plus resources, go to the “Five Guys Burgers and Fries: Ingredients for Success” example.  Write a three to four (3-4) page paper in which you: 1. Determine how Five Guys’ philosophy sets it apart from other fast-food chains. 2. Analyze the original values for the

“Five Guys Burgers and Fries: Ingredients for Success”

1437 words - 6 pages “Five Guys Burgers and Fries: Ingredients for Success” How does one start a business in an industry that is dominated by companies that emphasizes speed and quantity over quality? Jerry and Janie Murrell with the help of their sons have come up with a formula to compete and beat some of the top fast foods companies. When the boys where proposed “start a business or go to college”, they picked to be entrepreneurs (Boone and Kurtz, 2012

Five Guys Econometrics

1158 words - 5 pages The Color Red In Director Sam Mendes’ American Beauty, Cinematographer Conrad Hall utilizes great lengths of visual silence to signify the enveloping, jarring presence of Lester Burnham’s own, imaginary world. Conrad Hall also creates startling visual silence when intensely focusing upon each character of American Beauty, and consistently morphs the lack of apparent objects into an inconspicuous focus on the striking color of Red. Through this

Entrepreneurial Leadership

1115 words - 5 pages Entrepreneurial Leadership Jacquia L. Robinson Dr. Kimberly Anthony Contemporary Business July 20, 2013 In 2002 only way one would know about Five Guys is if he/she lived in either Maryland or Virginia, or if they were visiting of course. Yet, to date, Five Guys just expanded its burger industry to the United Kingdom. In efforts to stay afloat during the current recession, Five Guys opened its business to franchising – resulting in

Entrepreneurial Leadership

1197 words - 5 pages Assignment 1-Entrepreneurial Leadership Five Guys is a hamburger restaurant that was founded by Jerry and Janie Murrell in 1986, in Arlington, VA, as a result of two of their five sons declaring they were not attending college. With their college savings fund Five Guys was born. From 1986-2002 a total of 6 locations were operating in Northern Virginia. Due to their enormous success the company began franchising in 2002. According to the text

Entrepreneurial Leadership

1315 words - 6 pages You Customers. You the customer are the most important visitor on our premises. You are not dependent on us, we are dependent on you. You are not an outsider in our business –you are a part of it. We are not doing you a favor by serving you– you are doing us a favor by giving us the opportunity to do so. Thank You. Five Guys” Values and Strength 5 guys started when its founder, Jerry Murrell’s sons confided in their father that they did not

Entrepreneurial Leadership - 1175 words

1175 words - 5 pages Entrepreneurial Leadership Five Guys is a large fast-food chain restaurant that stands out among the rest. They have different philosophies that set them apart from other fast-food companies. Many of the values that Five Guys started with have made them succeeded and are still a huge factor in their success today. After being around for seventeen years, Five Guys decided to start franchising the company, which lead to a large success in

Related Essays

Five Guys Essay

2381 words - 10 pages Entrepreneurial Leadership Salednika McKenzie Contemporary Business October 28, 2012 Professor Rhonda Evans Strayer University Describe how Five Guys’ philosophy sets it apart from other fast food chains.       Five Guy’s philosophy sets apart from other fast food chains because of their ideal burgers.   “Five Guys goal is to sell the best quality burgers possible.  To sell the best burgers possible they focus on quality, service

Five Guys Essay

342 words - 2 pages In this paper I will be discussing Five guys Burgers and fries: ingredients for success. In which I will be addressing four main topic the first one is determin how five guys philosophy set is apart from other fast food chains .the second is analyzing the original vaules for the start- up company and how it remains strong today ,the third is to enumerate three factors that contribute to five guy’s success in such a short time and what effects

Five Guys Essay 5271 Words

5271 words - 22 pages COVER PAGE Group 5 Strategic Management Final Project Report - Five Guys Table of Content Five Guys’ Strategy Analysis - Final Report Industry: Casual-fast restaurant in Canada Company: Five Guys Contact: Michael Oppedisano, from Asst. Controller at Bantam Restaurants Part 1: Organizational Introduction Five Guys has been a Washington, DC favorite since 1986 when Jerry and Janie Murrell offered sage advice to the four young Murrell

Five Guys Essay 1214 Words

1214 words - 5 pages Entrepreneurial Leadership: Five Guys Burgers and Fries At the heart of every entrepreneur is a drive and motivation to take an idea and see it evolve into a fully functional and striving business. To see a business progress and be successful there has to be vision, fearlessness, determination, and resources. When these things are in place a dream can become reality. A true entrepreneur knows this and will do what it takes to bring