The Gloucester Times is reporting that Five Guys Burgers and Fries has closed its shop in Gloucester, with a possible reason for its closing being high rents, shaky economic conditions, or a mixture of both. (The developer of Gloucester Crossing said that "we made rent concessions, but the economic slowdown was more protracted than anyone expected," while someone from Cape Ann Liquors--which is also in the plaza--said he had heard that the rent was too high.)
Even with the Gloucester outlet of Five Guys shuttering, the chain continues to expand through the area, with two locations coming to Boston and one more coming to Braintree. Five Guys currently has about 30 locations in Massachusetts.
The address for this now-closed burger place in Gloucester was: Five Guys Burgers and Fries, 721 Gloucester Crossing Road, Gloucester, MA, 01930. The website for the chain can be found at http://www.fiveguys.com/
Thanks to the Boston Business Journal for bringing this to our attention.
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