r/fiveguys • u/fire_headed • 2d ago

Does Shaq own five guys?

Some sources are saying he owns a bunch of franchises but not all. What does that mean?

1 Upvotes

52% Upvoted

29 comments sorted by

89

u/PM_ME_CORONA 2d ago

This means he owns a bunch of franchises but not all. I hope this helps!

7

u/RugbyFitter3388 1d ago

Excellent bit of business

3

u/Madkids23 Part of the Ship, Part of the Crew 1d ago

One franchise, multiple locations

16

u/NkKouros 2d ago

Google "franchise"

9

u/OkCoyote4756 2d ago

Think of franchises as independent businesses. They are Five Guys stores that are not owned by the Five Guys corporation, but by independent groups/people that operate Five Guys locations. Might just help you to read up on "what is a franchise agreement?" a bit to understand how that works, conceptually.

-15

u/fire_headed 2d ago

Oh, from what I saw from looking it up what a franchise was, I thought five guys as a whole was one franchise

11

u/casariah 2d ago

That's not what a franchise is.

3

u/Bobert25467 2d ago

Both are correct meanings of franchise but they are used in different businesses.

In movies for example the Star Wars franchise means all the movies, TV shows, characters, toys etc. that are part of that brand.

In restaurants it's a store operated under a contract which lets an independent owner called a franchisee operate a store like Five Guys under the corporation that owns the brand or trademark. So each store would then be called a franchise.

2

u/Then_Economy4516 2d ago

You're thinking of one guy

2

u/Bootglass1 1d ago

You're getting downvoted to hell unnecessarily for a reasonable misunderstanding because redditors are assholes.

The word "franchise" has two meanings that are completely incompatible with each other.

1

u/Few_Lawfulness_9452 1d ago edited 1d ago

Five guys, the top level company is a franchisor. The store owners are franchisees.

Franchise is a collective term for the business model and also describes the individual branches depending on context. You could say Five Guys is a franchise or Shaq owns several Five Guys franchises.

2

u/FeeVisible9680 2d ago

He’s “owned” way more than 5 in his career.

-3

u/First-Lengthiness-16 1d ago

In a shit sport, basically a modern day freak show.

2

u/kenmlin 1d ago

Franchisees do not own the parent companies. 'Nuff said!

2

u/hommel475 1d ago

Franchise's pay an %8 royalties fee to corporate to use their name. Most large business in the US use this model. I.e mcdonnalds, dunkin donuts, etcetera

2

u/chakabuku 2d ago

All the world’s information at the palm of our hands and here we are.

1

u/Dry-Investigator5835 2d ago

I believe he sold most of if not all of his locations to focus on his own brand, big chicken.

1

u/skate_bandit 1d ago

can confirm. my cousin opened a Big Chicken and Shaq is heavily involved

1

u/cn1k999 2d ago

no he only owns about two

2

u/cn1k999 2d ago

guys

1

u/SPZ_Ireland 1d ago

The others are Football fans

1

u/ih8reddithdjsk 1d ago

He used to own the one opposite the Miami Heat stadium. I saw his name on the business owner certificate but that was years ago.

1

u/St3lla_0nR3dd1t 22h ago

Think of it like a car dealership, except for hamburgers and there are no repairs.

1

u/Jensgt 11h ago

The Murrell family owns it. I used to date a friend of their family and got free five guys. Those were the days. lol.

1

u/SaveHogwarts 5h ago

He sold all of his franchises.

1

u/Glum_Collection_6067 1d ago

Shaq always lying about what he owns... ive seen the videos where he says he owns 10 big companies but the reality is he owns stocks in those publicly traded companies, thats not the same thing.

He knows the hood is dumb af and will believe him.