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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.
How Much Money will you Make as a Zaxby’s Franchisee?
According to industry reports, the average Zaxby’s restaurant brings in nearly $2.2 million in sales. On those sales, you are likely to make around 8.5% EBTITDA (profits) or around $190,000 before paying above store general and administrative costs.
How much is the royalty fee for franchising?
The ongoing royalty fee paid to the franchisor is 6% of gross sales per week. This amount is remitted weekly by ACH draft on the Tuesday following each week (Monday through Sunday) for which the royalty was due.
How much is Zaxby's national marketing contribution?
The ongoing national marketing contribution is 1% of Gross Sales per week (may be increased by up to 1.5% in the discretion of Zaxby’s) National Marketing contributions are paid at the same time as the royalty but are remitted to Zaxby’s National Marketing Fund.
How much does a co-op contribute to marketing?
The ongoing local co-op marketing contribution is between 1.5% to 3.5% of gross sales per week, and this amount is determined by the Co-op. Similar to royalties, this amount is remitted weekly based on the percentage of sales.
How much does it cost to franchise Zaxby's?
This includes a franchise fee paid to the franchisor in the amount of $35,000.
Where did the chicken finger craze start?
It can all be traced back to a little Chicken finger spot in Alabama called Guthrie’s that started in 1965. While studying at the University of Georgia, Zach McLeroy discovered Guthrie’s and fell in love with the simplicity ...
Where is Zaxby's located?
Zaxby’s first location popped up in 1990 in Statesboro, Georgia, near the Georgia Southern University. Today, the chain has expanded through rapid franchising, mostly in the Southern United States and has more than 900 locations. 123 of those locations are owned by Zaxby’s corporate so that puts the majority in franchisees hands.
What is a Zaxby's franchise?
Franchise Description: Zaxby's Franchising LLC is the franchisor. The franchisor 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 are the obligations of a franchisee?
Obligations and Restrictions: Franchisees must devote their best efforts to the efficient and effective management, promotion, and operation of the restaurant. While the franchisor recommends that the designated principal be actively engaged in the operation of the restaurant, it does not require the designated principal or any of the owners to participate personally in the day-to-day operation and on-premises supervision of the restaurant. The designated principal must have authority over all business decisions related to the restaurant and the power to bind the franchisee in all dealings with the franchisor. At all times that the restaurant is open for business, it must be under the personal, on-premises supervision of a certified manager. Franchisees may offer in the restaurant to customers only the products and services that the franchisor has approved in writing. In addition, franchisees must offer the specific products and services that the franchisor requires in the manual or otherwise in writing. Franchisees must use the restaurant solely for the operation of the system restaurant.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the opening of the restaurant. Subject to the franchisor’s requirements, it may allow franchisees to renew for one additional successive 10-year term.
Does a franchisee have exclusive territory?
Territory Granted: Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls. Franchisees will, however, have certain limited protected rights within an area around the restaurant designated by the franchisor, in its sole discretion (the protected area). Within the protected area, the franchisor will not operate, or authorize others to operate, a restaurant within the protected area, except for a non-traditional outlet. A non-traditional outlet is a restaurant that is located at or operated from a non-traditional site, including public transportation facilities, sports arenas, stadiums, gasoline service stations, highway rest stops, entertainment or tourist facilities, malls, military bases, and more.
Where is phase 3 of franchising?
Phase Three is conducted at the franchisor’s corporate offices in Athens, Georgia. The restaurant manager training program requires 315 hours of “on the job” training for managers, in addition to the over 35 hours of classroom training.
Who must be the designated principal in a franchise?
Obligations and Restrictions: Franchisees must designate one person who owns at least 25% of the equity interests as the “designated principal.”. The designated principal must have the authority to bind the franchisee to obligations relating to the license agreement.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing, nor does it guarantee a franchisee’s lease or other obligations.