​Five Guys Obamacare: Franchise Owners Raise Prices​​

Some “Five Guys” franchise owners will be increasing their menu prices due to Obamacare. For example, restaurant owner Mike Ruffer said that any added costs associated with the reform law would be passed on to the consumer.

Five Guys Obamacare

Ruffer, who owns eight of the popular restaurants in the Raleigh-Durham, N.C. area, put his plans to open more restaurants on hold.

“He will need all the profits from at least one of his eight outlets just to cover his estimated added $60,000-a year in new Obamacare costs,” Washington Examiner’s Paul Bedard reports.

“I’m kind of in a holding pattern,” said Ruffer, adding that he’s not the only franchise owner to hold back.

“Ruffer was the star witness at a Monday Heritage Foundation seminar on the impact Obamacare will have on small businesses,” Bedard notes. “He is typical of many: Because he has enough full time employees to activate the law, he faces either coughing up the money to provide health insurance or paying a fine of up to $3,000 per worker.”

When the Huffington Post reached out to Ruffer with questions, he deferred them to contact Five Guys headquarters.

“Mike Ruffer is a franchisee of Five Guys and independent business owner,” Molly Catalano, director of communications and public relations wrote in an email. “He does not represent Five Guys on this or any other subject matter.”