Franchise FAQ

how much does it cost to buy a zaxbys franchise

by Polly Morar Published 2 years ago Updated 1 year ago
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Zaxby's Franchise Cost
Franchise Cost
A franchise fee is a fee or charge that one party, known as the franchisee, pays another party, known as the franchisor, for the right to enter in a franchise agreement.
https://en.wikipedia.org › wiki › Franchise_fee
/ 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.

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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

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 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.

Which franchise owners make the most money?

What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.

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.

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.

What family owns Zaxbys?

26, 2021—Zaxby's, the premium chicken QSR founded in Athens, Ga., announced today that CEO and Co-Founder Zach McLeroy will transition to chairman of the company effective January 2022, after more than 30 years leading the brand. Bernard Acoca has been appointed as the company's new chief executive officer.

Where is Zaxby's headquarters?

Athens, GAZaxby's / Headquarters

Who invented Zaxby's?

Zach McLeroyTony TownleyZaxby's/Founders

Can you get rich owning a franchise?

The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.

What is the most profitable franchise to own in 2022?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

How does a franchise owner get paid?

How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.

Who is the CEO of Zaxby's?

Bernard Acoca (Jan 2022–)Zaxby's / CEO

Who is the founder of Zaxby's?

Zach McLeroyTony TownleyZaxby's/Founders

Is Zaxby a franchise?

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. An ongoing 6% royalty fee of net sales is also applied.

Where is Zaxby's corporate headquarters?

Athens, GAZaxby's / Headquarters

What is Zaxby's Franchising?

Zaxby's Franchising, Inc., actively seeks highly qualified individuals be become licensees. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success are all important factors in our evaluation process. Prospective licensees must meet the following criteria to be considered:

Is Zaxby's franchise open?

ZFI is committed to developing a diverse community of licensees and, in that regard, the Zaxby's franchise opportunity is open to all qualified applicants, regardless of age, gender, race or ethnicity.

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