...
Zaxby's.
| Trade name | Zaxby's |
|---|---|
| Type | Private |
| Industry | Restaurants |
| Genre | Fast casual |
| Founded | August 1990 |
See more
How much does a Zaxby's franchise make a year?
Zaxby's OwnershipAverage Annual Gross Revenues of Franchised Restaurants In Fiscal Years 2019, 2020, and 2021YearRestaurant CountAverage Gross Revenues2019722$2,179,9842020725$2,256,0602021727$2,544,354Sep 29, 2022
How much does a Zaxby's franchise cost?
Zaxby's Franchise Cost / Initial Investment / Zaxby's Franchise Income. Zaxby's franchise fee is $35,000 per restaurant. Franchisees are expected to have a net worth exceeding $700,000, with more than half of that in liquid assets. The initial investment ranges somewhere between $284,000 and $664,300.
Does Zaxby's franchise?
Zaxby's Franchising LLC, actively seeks highly qualified individuals to become Franchisees. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success are all important factors in our evaluation process.
Who owns Zaxby's franchise?
Zach McLeroyZach McLeroy, Chairman and Founder of Zaxby's, has grown a billion-dollar franchise through hard work, resiliency, and determination that all began with a dream and an opportunity in 1990.
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How much is franchise for McDonald's?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Is Zaxby's only in Florida?
Zaxby's currently operates more than 670 locations in 16 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah and Virginia.
What is Zaxby's net worth?
Zaxby's Franchising is one of the fastest-growing restaurant franchise systems in the United States. As of 2022, his annual income is around $1 million....Tony Townley Net Worth Trend.Net Worth in 2022$12 MillionNet Worth in 2020$10 MillionNet Worth in 2019$9 MillionNet Worth in 2018$8 Million2 more rows
How many Zaxby's are in the United States?
There are 920 Zaxbys stores in the United States as of October 17, 2022. The state with the most number of Zaxbys locations in the US is Georgia, with 244 stores, which is about 27% of all Zaxbys stores in the US.
How many Zaxby's are in the world?
Zaxby'sTrade nameZaxby'sFoundedAugust 1990FoundersZach McLeroy Tony TownleyHeadquartersAthens, Georgia, U.S.Number of locations941 (2022)8 more rows
Where is the original Zaxby's?
Statesboro, GAZaxby's / Place foundedStatesboro is the largest city and county seat of Bulloch County, Georgia, United States, located in the southeastern part of the state. Statesboro is home to the flagship campus of Georgia Southern University and is part of the Savannah–Hinesville–Statesboro Combined Statistical Area. Wikipedia
Where did the first Zaxby's start?
August 1990, Statesboro, GAZaxby's / Founded
How much does franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much is the owner of Zaxby's worth?
Tony Townley's net worth is estimated to be around $12 million. Tony is a well-known American entrepreneur and businessman, co-founder of Zaxby. Zaxby's Franchising is one of the fastest-growing restaurant franchise systems in the United States. As of 2022, his annual income is around $1 million.
How much does owner of Subway make?
The average salary for an Owner is $122,868 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
How much is Zaxby's net worth?
“That's exactly right. It's nice being kicked up instead of being kicked down.” Goldman Sachs Merchant Banking Division bought Zaxby's for $2 billion in November 2020, and Townley exited at that time while McLeroy stayed on as CEO.
How much does a Zaxby's franchise make?
As with any business, profits from a Zaxby's franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What is Zaxby's menu?
Zaxby's grants licenses for quick casual dining restaurant (s) featuring an upscale menu consisting primarily of chicken fingers and buffalo wings, and an assortment of salads and sandwich baskets, all complimented by an array of unique Zaxby's®-brand sauces . Zaxby's® restaurants focus on prepared-to-order menu items using real chicken.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Are there any Zaxby's franchise opportunities near me?
Based on 2020 FDD data, Zaxby's has franchise locations in 17 states. The largest region is the South with 724 franchise locations.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Is an exclusive territory a fixed area?
Yes. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is franchise managed training?
The Franchisee Managed Training Program provides a scalable resource, enabling franchisees to conduct training for their own employees. This innovative program is saving franchisees both time and money, so they can better build their local brands.
Is Zaxby's a solid restaurant?
But once you’ve been through our initial training process, you may change your definition of “previous experience.” Zaxby’s is a solid restaurant system , and we’ve created a program for teaching your managers that’s just as solid.
Overview
Zaxby's is an American chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches, and salads. The chain operates primarily in the Southern United States and has more than 900 locations. Most Zaxby's restaurants are owned by franchisees, but 123 locations are owned by Zaxby company.
History and locations
Zaxby's chicken and Zax Sauce is based on another smaller chicken finger chain called Guthrie's that existed in Athens, Georgia, while Zach McLeroy attended the University of Georgia. The first Zaxby's was established in Statesboro, Georgia in March 1990, near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley. The company's first restaurant outside of G…
Menu and themes
The company operates as a fast casual dining restaurant, offering prepared-at-order chicken fingers, chicken wings, sandwiches, salads, and appetizers. Dipping sauces are offered with chicken finger orders, and range from mild, to the moderate "Zax sauce", to the intensely hot "Nuclear". Dining rooms at Zaxby's restaurants are decorated with assorted whimsical objects and signs, which of…
Advertising
In late 2007, the chain began running a series of commercials featuring celebrities eating Zaxby's menu items. The celebrities of 2007–2008 included Laverne and Shirley stars Penny Marshall and Cindy Williams, Bobby Allison, Diana DeGarmo, Herschel Walker, Evander Holyfield, Elijah Kelley, Lorenzo Lamas, Cody Linley, Jerry Rice, John Schneider, Alyson Stoner, Kerri Strug, Richard Thomas, Richard Karn, Reginald VelJohnson, David Garrard, and Spud Webb. In 2009, celebrities included O…
Sponsorships
Zaxby's is "The Official Chicken of Sports Fanz®" and has collective intellectual property rights at nearly 30 Division I colleges through 2015 through a deal with their football and basketball teams. The sponsorship, which was made through IMG College, includes 25 states, seven conferences, and the entire area of Zaxby's locations. Included are ten colleges from the Southeastern Conference, …
See also
• List of chicken restaurants
External links
• Zaxby's web site