INVESTMENT

FRANCHISEES QUALIFICATIONS 

Zaxby’s Franchising LLC, actively seeks highly qualified individuals to become Franchisees. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success are all important factors in our evaluation process. Prospective Franchisees must meet the criteria below to be considered.

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).
  • 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.
  • Willingness of all investors to personally guarantee any obligations that are required under the license agreement.
  • Willingness to make a commitment to this venture within 60 – 90 days of signing a license agreement.
  • Belief that guest service is of critical importance in restaurant operations.

The Zaxby’s Mission Statement — Consistently Create Encore Experiences That Enrich Lives One Person At A Time — recognizes the value of all individuals. ZFL is committed to developing a diverse community of franchisees and, in that regard, the Zaxby’s franchise opportunity is open to all qualified applicants, regardless of age, gender, race or ethnicity.

ITEM 7 DISCLOSURE - ESTIMATED INITIAL INVESTMENT

As you evaluate the idea of a Zaxby’s franchise, there are a few things our lawyers wanted to be sure we pointed out. It’s all right here in a document they’ve cleverly named “Item 7 Disclosure.” (Hey, they’re lawyers, not writers.)

(Click to download a PDF.)

Type of ExpenditureAmountMethod of PaymentWhen DueTo Whom Payment is Made
Initial Franchise Fee$35,000Lump SumUpon Execution of License AgreementUs
Lease Deposit and Payment$12,000-$24,000Lump SumLease SigningLandlord
Utility Deposits$0-$9,000As ArrangedAs IncurredUtilities
Initial Inventory$5,000-$20,000As ArrangedPrior to OpeningVendors
Furniture, Fixtures and Equipment$243,700-$362,2000As ArrangedAs Incurred
Vendors
POS System$27,700-$30,700Lump SumUpon InstallationVendors
Signange$15,000-$25,000Lump SumAs IncurredVendors
Initial Marketing Contribution$5,200-$10,000Lump SumNo later than 5 days prior to the opening of the Restaurant Us
Insurance$1,000-$17,000As ArrangedAs IncurreedInsurance Company or Broker
Permits and Licenses$2,000-$24,000As IncurredAs IncurredGovernment Authorities
Accounting and Legal Fees$500-$25,000As Arranged As IncurredProfessionals
Printing/Business Supplies$300-$1,000As ArrangedAs IncurredVendors
Uniforms$1,400-$3,300As ArrangedAs IncurredVendors
Training Expenses$10,000-$25,000As ArrangedAs IncurredHotels, Airlines, etc.
Pre-Opening Payroll$10,000-$37,000As IncurredAs IncurredEmployees
Additional Funds – 3 Months$1,000-$96,000As IncurredAs IncurredVendors, employees, Utilities, etc.
Total $369,800-$744,200

Zaxby’s Franchising LLC and its business partners are very sensitive to the privacy of visitors to its website.
The purpose of this online privacy policy is to describe what types of personal information we collect from visitors to our
website at www.zaxbysfranchising.com.