Major burger chain and McDonald’s rival to open 5 branches this year as it eyes 140 new locations
A MAJOR burger chain is set to open five new locations this year, including its second drive thru franchise.
Foodies will no doubt be pleased to learn Five Guys has opened two new locations today alone, as the company has already sets its eyes on hundreds of other potential areas.
The Barton Mills location will mark the branch’s second drive thru location in the UK, and Lincoln will also see a new franchise open its doors to customers today.
The brand-new restaurant in Barton Mills will feature an extended breakfast menu, including bacon & egg sandwiches, where you can choose up to 15 toppings for free.
Famous for its hotdogs and hamburgers, the fast food chain and McDonald’s rival first opened its doors in the UK ten years ago, and has skyrocketed in popularity since.
Bolton, McArthurGlen Designer Outlet in Cheshire Oaks and Norwich Riverside will also see brand new locations opened before the end of the year.
The dates for the remaining locations to open will be released two weeks prior, leaving fans on edge for the announcement.
Five Guys is rumoured to have its eyes on 140 other locations, it was revealed, as the burger chain explodes in popularity.
CEO John Eckbert said Five Guys is only “halfway done” with its expansion in the UK, despite having over 160 branches already.
The news of Five Guys expansion comes as another fast food chain was saved from closure recently.
Patty & Bun has agreed a Company Voluntary Arrangement (CVA) with insolvency specialists Valentine & Co in a bid to sort out its finances.
The burger chain owes its creditors – anyone that a business might owe money to – more than £1.7million.
A CVA doesn’t mean that a company has gone bust.
Instead, it allows firms that have run out of cash to look at ways to save the business, such as reducing rent rates with landlords.
Companies often agree a CVA to avoid insolvency, which can lead to closures or the whole business going bust.
But Patty & Bun’s agreement means that its site can continue to trade as normal.
The chain has eight branches in London and one in Brighton as well as two pop-up sites.
The agreement will see Patty & Bun pay 71p in the £1 to its unsecured creditors, including landlords and suppliers.
Meanwhile, it has reached a separate agreement with HMRC for the £1.4million it owes.