Jerry Murrell

person on 1 show · 18 statements across 2 episodes · said 11 times in 2 episodes since 2017

How I Built This 11

On the record as a speaker too: Jerry Murrell across every show, appearances and statements → this page counts the times other people say the name.

Mentions by year, every show

tap a year for its mentions
00316120172018episodesmentions
01120172018episodes it came up in
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How I Built This 11

2018 5 mentions in 1 episode
2017 6 mentions in 1 episode

every mention on every show, scene by scene, with the transcript →

18 statements about Jerry Murrell, every show

HOW I BUILT THIS Assertion Supported
Raz: Five Guys' worldwide revenue is approaching $2 billion
“And if you add up all of the restaurants and franchises around the world, he says they are approaching two billion dollars in revenue.”
Guy Raz Jan 14, 2019 ▶ 31:00 Five Guys: Jerry Murrell (2019)
Murrell: Mastering basic services like burgers, drinks, or haircuts guarantees steady income
“In fact, my mom used to say, if you can make a good hamburger, or serve a good drink, or give a good haircut, you'll always... Have something to do, yeah. Have an income.”
Jerry Murrell Jan 14, 2019 ▶ 30:43 Five Guys: Jerry Murrell (2019)
Murrell: High school friends who bought early Five Guys stock became millionaires
“When I started Five Guys, I let three or four of my buddies that I went to high school with buy stock in my company, because I thought it would be a great thing for them, because they didn't have money. A little bit, they had a little bit of money, but not muc…”
Jerry Murrell Jan 14, 2019 ▶ 29:24 Five Guys: Jerry Murrell (2019)
Murrell: The Murrell family still owns 75% of Five Guys
“We own about 75% of the company, me and my family.”
Jerry Murrell Jan 14, 2019 ▶ 26:35 Five Guys: Jerry Murrell (2019)
Murrell: Five Guys perfected operations for 17 years before franchising
“Most franchisers start off to franchise. We didn't start off to franchise. We had no idea we were going to do that. We started off to build a family business, and we put 17 years into it, and we figured out how to do it right. So when it came time to franchisi…”
Jerry Murrell Jan 14, 2019 ▶ 20:52 Five Guys: Jerry Murrell (2019)
Murrell: Early investors got a cut of gross revenue, not profit
“We'd say, give us 5000 dollars, we'll give you a certain percentage of the gross, not never the profit, because there was always too many ways to get cheap people that way.”
Jerry Murrell Jan 14, 2019 ▶ 17:18 Five Guys: Jerry Murrell (2019)
Murrell: Five Guys would rather raise prices than exceed 30% food costs
“We would always say, food costs would stay around 30%. Whatever we gotta do, if we gotta raise prices, we raise prices. And we said, if we have to worry about price, we don't want to be in this business.”
Jerry Murrell Jan 14, 2019 ▶ 14:09 Five Guys: Jerry Murrell (2019)
HOW I BUILT THIS Assertion Not checkable as stated
Murrell: Five Guys was profitable from its very first day
“And we made money from our very first day, and we were breaking even, and we were paying our rent.”
Jerry Murrell Jan 14, 2019 ▶ 9:56 Five Guys: Jerry Murrell (2019)
HOW I BUILT THIS Assertion Supported
Murrell: Five Guys was originally named for Jerry and his four sons
“We had three sons plus one more son with Janie. My fifth son wasn't born yet, so it was four sons and me, so we said, well, we'll call it Five Guys for now, and then we'll change it.”
Jerry Murrell Jan 14, 2019 ▶ 9:14 Five Guys: Jerry Murrell (2019)
HOW I BUILT THIS Assertion Not checkable as stated
Murrell: Five Guys opened its first location with just $35,000
“Our first story put 35,000 dollars in it.”
Jerry Murrell Jan 14, 2019 ▶ 7:33 Five Guys: Jerry Murrell (2019)
Murrell: Hidden real estate locations proved genuine customer demand
“And we said, well, if we can put it where, you know, it's hard to find, but if we can get people coming there, then we know we got something.”
Jerry Murrell Jan 14, 2019 ▶ 7:12 Five Guys: Jerry Murrell (2019)
Murrell: Five Guys idea came from focusing simply on burgers and fries
“So me and the kids, that got into our mind, like, you know, hamburgers, fries, keep it simple, might work. And that's where the idea came from.”
Jerry Murrell Jan 14, 2019 ▶ 6:30 Five Guys: Jerry Murrell (2019)
Murrell: Attempted oil and bottled water ventures in the 1970s
“I tried a few businesses. I started an oil business in Texas, and I did a couple other dumb things. I tried to start a water business, of all things. I thought selling bottled water back then would have been a good idea, and everybody laughed at me. I had a ha…”
Jerry Murrell Jan 14, 2019 ▶ 4:27 Five Guys: Jerry Murrell (2019)
HOW I BUILT THIS Assertion Not checkable as stated
High school friends who bought early Five Guys stock became millionaires
“When I started Five Guys, I let three or four of my buddies that I went to high school with buy stock in my company, because I thought it would be a great thing for them, because they didn't have money. A little bit, they had a little bit of money, but not muc…”
Jerry Murrell Jun 5, 2017 ▶ 28:27 Five Guys: Jerry Murrell
Jerry Murrell and his family still own 75% of Five Guys
“We own about 75% of the company, me and my family.”
Jerry Murrell Jun 5, 2017 ▶ 25:38 Five Guys: Jerry Murrell
Five Guys funded early expansion using gross revenue share agreements
“We'd say, give us 5000 dollars, we'll give you a certain percentage of the Gross. Not, never the profit, because there was always too many ways to get cheap people that way. So I said, we'll give you a certain percentage of the gross. We'll give you the money …”
Jerry Murrell Jun 5, 2017 ▶ 16:21 Five Guys: Jerry Murrell
Thrasher's French Fries inspired the simple Five Guys menu model
“There must have been 20 places selling boardwalk fries, but only one place had a long line, and that was Threshers. It was, the line was a hundred feet long all day long. So me and the kids, that got into our mind, like, you know, hamburgers, fries, keep it si…”
Jerry Murrell Jun 5, 2017 ▶ 5:43 Five Guys: Jerry Murrell
Jerry Murrell tried launching a bottled water business in the mid-1970s
“I tried to start a water business, of all things. I thought selling bottled water back then would have been a good idea, and everybody laughed at me. I had a hard time raising money.”
Jerry Murrell Jun 5, 2017 ▶ 3:58 Five Guys: Jerry Murrell

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