Five Guys Profit

The company behind the Five Guys restaurant franchise in Ireland last year recorded post-tax profits of €529,867 as it recovered from the business impact of Covid-19.

Sons of financier Dermot Desmond, Brett, Ross and Derry brought the US fast casual food franchise here in 2016.

Accounts for the Desmond family’s Anart Restaurants Ltd show that it recorded post-tax profits of €529,867 in the 12 months to the end of June 2022, compared with post-tax losses of €949,205 in the prior 15-month period – a positive swing of €1.47m.

The business was boosted by the opening of a Five Guys franchise at Liffey Valley shopping centre in Dublin in August 2021 during the first quarter of the year under review.

During the early phases of Covid-19, revenues across the firm had declined 68.7pc in the 12 months to the end of March 2021 compared with the prior 12-month period.

Today, Five Guys operates four outlets around Dublin at South Great George’s Street, Pavilions Shopping Centre in Swords, Dundrum Town Centre and Liffey Valley.

The Desmonds also operate the Five Guys franchise in Northern Ireland.