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How much does it cost to open a Zaxby's franchise?
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.
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
Can you invest in Zaxby's?
Prospective Franchisees must meet the following criteria to be considered: Collective net worth of at least $1,000,000, with liquid assets greater than $500,000 (liquidity being defined as cash or any asset that could be converted to cash within ten business days).
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 do Zaxbys owners make?
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 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.
What is the cost of 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.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What is the cost of a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How much does Zaxby's sell?
Zach McLeroy remains CEO of Zaxby's after the buyout of his partner, Tony Townley, by Goldman Sachs in a $2 billion transaction. “We're breaking up the band after all these years,” says Zach McLeroy, left, and Tony Townley, co-founders of Zaxby's.
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 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.
What is the cost of 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.
How much is a 5 Guys franchise?
The total minimum investment needed in order to be considered for a Five Guys franchise is between $152,600 and $360,300 which requires a $25,000 initial franchising fee, and a twenty year agreement term. The Five Guys Burgers and Fries restaurant opened in 1986, and began offering franchise opportunities in 2002.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What is the cost of a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How much does Zaxby's franchise cost?
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.
What is a zaxby's?
Zaxby's is a chain of casual dining fast food restaurants located predominately in the Southeast. The eatery’s slogan is “Real Chicken” and its most popular dishes feature chicken (such as buffalo wings and chicken fingers), though the menu also features fries, sandwiches, and salads known as “zalads”. All meals are prepared to order.
What sauces does Zaxby's have?
All meals are prepared to order. Zaxby’s is also popular for their 10 dipping sauces. In addition to teriyaki, BBQ, hot honey mustard, and sweet & spicy, there are several more that range in their degree of spiciness.
Why attend Zaxby's conference?
Attend the annual Zaxby's conference to exchange ideas, discuss strategies and network in a refreshing environment
Who is in the Zaxby commercial?
For several years, Zaxby’s has sponsored a driver on the circuit. Celebrities like Penny Marshall, Kathy Griffin, Evander Holyfield, and Jerry Rice have all appeared in Zaxby’s television commercials, as well.
Is Zaxby's a franchise?
Zaxby's Franchising is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $500,000 .
Is HealthyYOU a franchise?
The proven HealthyYOU model requires no employees and allows you to monitor your machines from home or from mobile devices. There are no franchise fees, royalties, marketing fees or post-investment required purchases.
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 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.