Overview
- Company filings show a 2023 deficit of more than €7.5 million for the Düsseldorf-based subsidiary.
- Reported cumulative losses since the 2017 launch in Germany total roughly €60 million.
- The accounts note balance‑sheet overindebtedness, with Deloitte citing substantial uncertainty about continued operations and management describing a threat to existence.
- Five Guys has expanded to about 35 German locations despite years of red ink.
- The owner is exploring options for Five Guys Europe, with Sky News reporting a search for buyers or investors and local reports suggesting a significant stake could be offered, while the company also expects another negative result in 2025.