Wed 23rd Jul 2025 - Five Guys closes £185m refinance to support expansion across UK, France, Germany and Spain Five Guys closes £185m refinance to support expansion across UK, France, Germany and Spain: Better burger brand Five Guys has completed the refinancing of its debt facility, securing £185m to support its ambitious growth plans across the UK and its European territories. Five Guys said the financial backing, provided by the UK’s leading high street and investment banks, underscores its commitment to solidifying its market dominance in the premium burger category. The newly secured funds will be used to facilitate the rollout of new restaurant locations, further extending the brand’s existing footprint in the UK, France, Germany and Spain. The brand said the successful launch of the first Five Guys drive-thrus in the world provides additional opportunities for growing the estate. Chief executive John Eckbert said: “Securing additional debt capital at a more favourable rate in today’s market is a significant accomplishment. This £185m refinance transaction is a testament to the strength of the Five Guys brand and our successful operational performance. The latest capital injection will be instrumental in accelerating our expansion strategy, allowing us to serve even more hungry customers with our fresh and fully customisable burgers and fries. The Five Guys team and I are excited about the opportunities this presents for our continued growth and market leadership.” Five Guys has opened more than 170 restaurants across the UK since launching here in 2013. In May, the brand revealed it will make its UK transport hub debut. The company has agreed a deal to open a restaurant at Heathrow airport’s Terminal 5 later this year. The 2,500 square-foot unit will be situated on the upper level of Terminal 5, and will have around 90 covers, as well as create up to 100 jobs. Five Guys has been pushing to get into travel hubs for a number of years and Eckbert previously said it was the “last boundary” for the brand. Speaking to Propel in June 2023, he said: “There are probably more £100,000-a-week sites in transport hubs than anywhere else for us to go after. It is the last boundary that lies ahead for us, and we’ve swung for the fences a couple times with Heathrow. If you have a good site in Heathrow, it’s the number one store in your system.” Latest available accounts show Five Guys saw its turnover in the UK for the year to 31 December 2023 increase 14% to £316,422,000 (2021: £278,616,000) reflecting an “increase in store count and like-for-like growth”. Sales at the company’s UK and Europe business grew by more than £90m in 2023 to hit £542.9m. Five Guys features in the Propel Turnover & Profits Blue Book, which is available exclusively to Premium subscribers and features 1,138 companies. Five Guys’ turnover of £316,422,000 is the 41st highest in the database. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.