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?
The average gross revenues of the franchised stores in 2021 were $2,544,354, a 12.8% change from last year.
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.
Who is the CEO of Zaxby's?
Bernard Acoca (Jan 2022–)Zaxby's / CEO
How much does Zaxby's sell?
a $2 billionZach 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.
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.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
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.
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.
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.
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!
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.
Can you buy Krispy Kreme franchise?
Getting into a Krispy Kreme franchise is not inexpensive. Franchisees can expect to spend anywhere from $440,000 to $4.1 million in initial investment fees, depending on the type of store format they choose. In addition, franchisees can expect to pay 4.5% in net royalties, payable each week, according to its FDD.
How many Zaxby's locations are there?
Zaxby'sTrade nameZaxby'sFoundersZach McLeroy Tony TownleyHeadquartersAthens, Georgia, U.S.Number of locations941 (2022)Area servedUnited States8 more rows
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:
What are the qualifications to pass a background check?
Ability to satisfactorily pass background checks for the following: reasonable credit worthiness, no criminal convictions, no history of extensive litigation, and satisfactory motor vehicle report.
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.
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