How to open a Zaxby's franchise?
- Ensure you have adequate capitalization. In order to open a Zaxby's franchise, you must have a net worth of more than $284,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Zaxby's franchise. ...
Full Answer
How much does it cost to open Zaxby's franchise?
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. Initial investments: $284,000 - $664,300 Net-worth Requirement: $700,000 Liquid Cash Requirement: $400,000. Ongoing Fees. Initial Franchise Fee: $35,000 Ongoing Royalty Fee: 6% Ad Royalty Fee: 2.5-5%
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.
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?
How much does Zaxby's donate to make-a-wish?
In its third year of partnering with Make-A-Wish, Zaxby's is increasing its commitment to the organization with a $400,000 donation to help grant the wishes of more than 50 children with life-threatening medical conditions. To date, the chain has donated more than $1 million to Make-A-Wish to help m...
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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?
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 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.
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.
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.
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.
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 Zaxbys headquarters?
Athens, GAZaxby's / Headquarters
What is Zaxbys famous for?
Since the beginning, Zaxby's has been known for two things: indescribably good chicken and Zax Sauce. For years, Zach made the sauce himself and distributed it to various locations to keep the sacred recipe safe.
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.
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.
How can we begin to describe a journey that has been... well, indescribable? It started innocently enough
Two boyhood friends had the idea to give wings and fingers a shot at the big time - promoting them from appetizers to entrees. So Zach and Tony rubbed two nickels together and opened a restaurant in the college town of Statesboro, GA. The food was great. And the response was even greater.
Our Family
Owning a Zaxby's is a little like joining a family without changing your last name. (If that sounds creepy, well, you have your relatives to blame.) Because to us, being part of the Zaxby's family means having access to some of the best support in the foodservice business. We began as a family, building a local brand in the community.
The Opportunity
As a Zaxby’s Franchisee you will operate as an independent franchise business, but you will benefit from being a part of a Brand that has exhibited steady growth and success in a wide range of markets across the Southeast.
