Are you interested in owning a successful franchise in the fast-casual chicken industry? Look no further than Zaxby's, a popular chain known for its delicious wings, salads, and wings sauces. With over 900 locations across the United States and internationally, Zaxby's offers a lucrative business opportunity for entrepreneurs. In this article, we'll outline the 5 easy steps to apply for a Zaxby's franchise today.
Zaxby's was founded in 1990 by Zach McLeroy and Tony Townley in Statesboro, Georgia. Since then, the company has experienced rapid growth, with a strong focus on quality food, customer service, and community involvement. As a franchisee, you'll benefit from the company's proven business model, comprehensive training, and ongoing support.
Step 1: Meet the Initial Requirements
Before applying for a Zaxby's franchise, you'll need to meet the initial requirements. These include having a net worth of at least $500,000 and liquid assets of $250,000. Additionally, you'll need to have a strong business acumen, leadership skills, and a passion for delivering exceptional customer service. If you meet these requirements, you can proceed with the application process.
What's the Ideal Franchisee Profile?
The ideal franchisee profile for Zaxby's includes individuals with a strong business background, excellent communication skills, and a proven track record of success. You'll need to be a hands-on owner-operator who is committed to upholding the company's high standards for quality, service, and cleanliness. As a franchisee, you'll be responsible for managing a team, driving sales growth, and ensuring customer satisfaction.
| Requirement | Specification |
|---|---|
| Net Worth | $500,000+ |
| Liquid Assets | $250,000+ |
| Business Experience | Strong business acumen and leadership skills |
Step 2: Submit Your Application
Once you've met the initial requirements, you can submit your application to Zaxby's. The application process typically involves providing personal and professional information, including your business experience, financial background, and growth goals. You can submit your application online or through a franchise broker.
What to Expect During the Application Process
During the application process, you'll need to provide detailed information about your business experience, financial situation, and growth goals. Zaxby's will review your application and assess your suitability as a franchisee. If your application is approved, you'll be invited to attend an informational session and meet with a Zaxby's representative.
Key Points
- Meet the initial requirements, including net worth and liquid assets
- Submit your application online or through a franchise broker
- Provide detailed information about your business experience and financial situation
- Attend an informational session and meet with a Zaxby's representative
- Complete the franchise disclosure document (FDD) and other required documents
Step 3: Review and Sign the Franchise Agreement
If your application is approved, you'll be presented with a franchise agreement that outlines the terms and conditions of your franchise. The agreement will include details about the franchise fee, royalties, and other financial obligations. It's essential to review the agreement carefully and seek advice from a lawyer or financial advisor before signing.
What's Included in the Franchise Agreement?
The franchise agreement will include details about the franchise fee, which is currently $30,000. You'll also be required to pay ongoing royalties of 5% of gross sales, as well as a 3% advertising fee. The agreement will also outline the terms and conditions of your franchise, including the length of the contract, territory, and operational requirements.
| Fee | Amount |
|---|---|
| Franchise Fee | $30,000 |
| Royalties | 5% of gross sales |
| Advertising Fee | 3% of gross sales |
Step 4: Complete Training and Support
Once you've signed the franchise agreement, you'll begin the training and support process. Zaxby's provides comprehensive training for new franchisees, which includes classroom instruction, on-site training, and online support. You'll learn about the company's operations, marketing, and customer service standards.
What's the Training Process Like?
The training process typically lasts several weeks and includes classroom instruction at Zaxby's headquarters. You'll learn about the company's history, mission, and values, as well as operational procedures, marketing strategies, and customer service standards. You'll also receive on-site training at your restaurant location, where you'll work alongside experienced staff members.
Step 5: Open Your Zaxby's Location
After completing training and support, you'll be ready to open your Zaxby's location. The company provides ongoing support to help you navigate the launch process, including site selection, construction, and staffing. You'll work closely with Zaxby's team to ensure a smooth transition and successful opening.
What's the Timeline for Opening a Zaxby's Location?
The timeline for opening a Zaxby's location typically ranges from 6-12 months. The process involves site selection, construction, staffing, and training. Zaxby's provides ongoing support to help you navigate the launch process and ensure a successful opening.
What is the initial investment required to open a Zaxby’s franchise?
+The initial investment required to open a Zaxby’s franchise ranges from 500,000 to 2.5 million, depending on the location and size of the restaurant.
How long does it take to complete the training program?
+The training program for Zaxby’s franchisees typically lasts several weeks and includes classroom instruction, on-site training, and online support.
What kind of support does Zaxby’s provide to franchisees?
+Zaxby’s provides comprehensive support to franchisees, including training, marketing, and operational support. The company also offers ongoing assistance to help franchisees navigate challenges and achieve success.
