In this paper we consider a five-parameter equation including the Camassa-Holm and the Dullin-Gottwald-Holm equations, among others. We prove the existence and uniqueness of solutions of the Cauchy problem using Kato's approach. Conservation laws of the equation, up to second order, are also investigated. From these conservation laws we establish some properties for the solutions of the equation and we also find a quadrature for it. The quadrature obtained is of capital importance in a classification of bounded travelling wave solutions. We also find some explicit solutions, given in terms of elliptic integrals. Finally, we classify the members of the equation describing pseudo-spherical surfaces.