Five Guys Burgers And Fries Approved For $100000 Loan

The Plain Dealer:

Wholesome Development, a regional franchisee of Five Guys Burgers and Fries, was approved for a five-year $100,000 loan on Monday to renovate its new corporate headquarters to be located at 15000 Detroit Ave.

The company will be moving its main office from Pittsburgh and will conduct training as well as a franchise in the space, creating at least 10 full-time or equivalent jobs and generating $80,000 in new tax revenue.

The building will house five tenants besides the Five Guys franchise, which has committed to a $2.4 million investment in the site.

The renovations must be completed by 2009 in accordance with the development agreement, and will include a renovated infrastructure, new facades and improved signs.

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