There are more than 1,600 restaurants around the world and prominent franchisees own some of their restaurants, including basketball legend Shaquille O’Neal

It’s a model that seems to break down again and again and often ruin first-time business owners So is it a good idea to buy a franchise?

Aussies will get a taste of the US chain Five Guys, which brings famous burgers, hot dogs and fries into the country

However, initial plans for the start in the CBD have been discarded due to the COVID-19 pandemic The first location is to be opened in Penrith

The Seagrass Boutique Hospitality Group has signed a contract with the Panthers Group to open next to the Leagues Club and between a KFC and McDonalds The Five Guys Restaurant is also located next to the first Krispy Kreme store in Australia

The US burger chain will not initially be in the CBD, but will start in Penrith Quelle: SuppliedSource: Supplied

With the opening of doors in Penrith mid-year, the company said suburban locations would be an important part of its strategy for Australia

It took six months for the 500-square-meter site to settle in Penrith, which the company claims is on one of the busiest roads in west Sydney and 40 a day000 vehicles imported

“Panthers are delighted to partner with Seagrass to bring the first Five Guys to Australia,” said Matthew Leavey, property manager for the Panthers Group

“Following a competitive process, we determined that it was in the best interests of our members and our community to partner with a strong hotel leader like Seagrass BHG to bring Penrith an international icon like Five Guys”

But Five Guys is also considering distributing its food in more central locations, including the corridor from Circular Quay to Darling Harbor and Broadway

Robby Andronikos, operations manager for the Five Guys brand, added that the Penrith restaurant would provide employment opportunities for seasoned managers and executives

Hollywood actor Mark Wahlberg announced earlier this month that he was partnering with United Cinemas to open Wahlburgers movie-themed restaurants valued at $ 50 million The first location is planned for Circular Quay

But Five Guys has its own star power with basketball star Shaquille O’Neal, a franchisee with 155 stores, while American golfer Phil Mickelson owns the rights in Orange County, California

There are 1,600 Five Guys restaurants in North America, Europe, Asia, and the Middle East The first restaurant opened in Arlington County, Virginia in 1986

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Five Guys

World news – AU – US burger chain Five Guys opens in Australia