How much does it cost to get a Zaxby's approval?
Approval will only be given to candidates who meet all the requirements of franchise owners. How much does Zaxby's franchise cost? Zaxby's has the franchise fee of up to $35,000, with total initial investment range of $284,000 to $664,300.
How much does it cost to open Zaxby's franchise in Knoxville?
The estimated investment required to open a Zaxby's Franchise is between $343,200-$695,200. There is an initial franchise fee of $35,000 which grants you the license to run a business under the Zaxby's name. It's a grand opening celebration for Knoxville's second Zaxby's location, and everyone is invited!
How many Zaxby's restaurants are there in the US?
Zaxby's offer chicken fingers, wings, sandwiches and salads. The company was founded by childhood friends Zach McLeroy and Tony Townley in Statesboro, Georgia, in 1990. They also provides franchise opportunities. As of 2018, Zaxby's operates 574 franchises in the United States. How to open a Zaxby's franchise?
What is Zaxby’s business?
We call it Zmall business. From day one, Zaxby’s has been about building your own local brand in the community. And we’re here to help you do just that.
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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 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 Zaxbys 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 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.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
How much does the CEO of Zaxbys make?
At Zaxbys chicken, the most compensated executive makes $720,000, annually, and the lowest compensated makes $52,000.
Who owns Chick-Fil-A?
S. Truett CathyChick-fil-A, Inc. is a family-owned business, founded by S. Truett Cathy. Today, Truett's children—Dan T. Cathy, Donald (Bubba) M.
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.
How popular is Zaxbys?
Zaxby's ranks 111th overall but reigns supreme in the restaurants category when compared to its competitors, beating out Chick-fil-A (133), Raising Cane's Chicken Fingers (251) and Wendy's (483). Now that's something to crow about!
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How much is a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Who is the CEO of Zaxby's?
Bernard Acoca (Jan 2022–)Zaxby's / CEO
Who owns Zaxby's in Georgia?
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.
Who owns Chick Fil A?
S. Truett CathyChick-fil-A, Inc. is a family-owned business, founded by S. Truett Cathy. Today, Truett's children—Dan T. Cathy, Donald (Bubba) M.
Who is the founder of Zaxby's?
Zach McLeroyTony TownleyZaxby's/Founders
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.
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.
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.
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.
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How much does it cost to franchise Zaxby's?
This includes a franchise fee paid to the franchisor in the amount of $35,000.
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.
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.
Who is Zach McLeroy's childhood friend?
He then joined together with childhood friend, Tony Townley to start Zaxby’s.
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.
Section I – Background Information
1. In late October 2021, Zaxby’s announced that co-founder and CEO Zach McLeroy would 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.
Section II – Estimated Costs
Detailed estimates of Zaxby’s franchise costs, based on Item 7 of the company’s 2021 FDD.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
Detailed information on Zaxby’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2021 FDD.
Section V – Financial Performance Representations (Item 19, 2021 FDD) and Analysis
As of December 27, 2020, Zaxby’s had 908 open and operating Restaurants. Of these 908 Restaurants, 762 were owned and operated by third-party franchisees that are not owned or controlled by Zaxby’s affiliates (the “Franchised Restaurants”).
