Growing national appetite for “better burgers” has business sizzling for Five Guys, others
By Matthew Barakat, APSunday, July 11, 2010
Appetite for “better burgers” shows no satiety
FALLS CHURCH, Va. — With a drive-through seemingly on every corner, you might think the burger market long ago reached saturation. But the fastest-growing restaurant chain in America last year was Five Guys, which specializes in double-pattied behemoths.
So-called “better burger” joints are one of the fastest-growing parts the industry. Celebrity chef Bobby Flay has gotten into the act with his Bobby’s Burger Palace. Elevation Burger is expanding into Kuwait.
Higher-grade beef, more creative toppings, and better buns are bringing in customers.
The market has room to grow. Such chains represent only about 2 percent of the $65 billion burger market.
Customers are willing to pay more. A Five Guys burger runs from $4 to $6, and some charge more.