Entrepreneurial Leadership

A brief history of the restaurant chain Five Guys Burgers and Fries: In 1986, Jerry Murrell and his sons opened their first take out burger and fries restaurant in Arlington, Virginia. Mr. Murrell gave his first two sons a decision to make, start a new business (using their college money) or go to college (Welch, Liz, April 2010 Edition; Inc. Magazine). The boys choose to open a burger & fry joint with their father, Jerry Murrell as the founder and their step-mother, Janie, book keeper in chief. The idea did not start out as a classical entrepreneurial small business startup but as a way to keep the family close together and make a little money on the side (Burke, Monte, August 6th 2012 Edition; Forbes Magazine). By 2002, the family had five restaurants in Northern Virginia when they made their biggest decision, to franchise. According to Mr. Murrell, He was initially against it. I just wasnt sure I could get strangers to buy into our concept (Burke, Monte, August 6th 2012 Edition; Forbes Magazine). He was dragged kicking and screaming into franchising by the boys who bought him a copy of Franchising for Dummies, co-written by Wendys founder Dave Thomas. Word got out about the opportunities with Five Guys Burgers and Fries and the franchising rights to Virginia were sold out within three days. Thus began the most talked about franchising runs in recent restaurant history (Burke, Monte, August 6th 2012 Edition; Forbes Magazine). As they the rest is history. Today, Five Guys Burgers and Fries has enjoyed enormous success. The company has 1,039 stores open in the U.S. and Canada with another 1,500 committed to build. The company has experienced 792% growth since 2006 with a mix of 200 company stores and 839 franchised stores. Company and franchise store sales will top $1 billion

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