The new franchisee parent company was formed when Bob Gries, through Gries Investment Fund, purchased a 40 percent ownership stake from Tampa franchisee Bob Dorfman, who is now chairman, president and CEO of TCH Restaurant Group.
...Gries, the former owner of the Tampa Bay Storm arena football team, has a minority ownership share of the Orlando Predators.His
family was a minority owner of the Cleveland Browns
.Most recently he
has been active in Gries Investment Fund, a collateralized lender with investments across a variety of industry sectors.
"Five Guys is one of the truly great emerging restaurant franchises in the United States," says Gries
."We saw this as a unique opportunity to invest in something that fits our criteria and offers great growth potential." TCH
will open an additional 10 Five Guys in Hillsborough County, as well as 50 in Houston and 20 in Columbus.Several stores are planned for opening in both Houston and Columbus by yearend 2008. Dorfman also announced the first of the TCH board members, who will include former Tampa Mayor Dick Greco and Chris Lewis, former CFO and VP, Global Business Units, Jabil Circuit; as well as Gries and Dorfman.