Start-Up Costs and Fees |
||
| Ground Round I.O.C. | Zaxby's | |
| Investment | 995000 - 1800000 | 343200 - 695200 |
| Franchise Fee | ||
| Royalty Fee | 3.50% | 6% |
| Advertising Fee | 2.87%-5% | |
| Year Founded | 1969 | 1990 |
| Year Franchised | 1970 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ground Round I.O.C. | Zaxby's | |
| Experience | 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. | |
Financing Options |
||
| Ground Round I.O.C. | Zaxby's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Ground Round I.O.C. | Zaxby's | |
| Training | The initial training program is eight weeks long, consisting of a one-week orientation phase at Zaxby's Franchising, Inc.'s training center, three two-week phases at a training restaurant and the final one-week phase back at ZFI's training center. Ongoing support and training updates, in addition to other business development practices - including onsite inspections - are conducted regularly throughout the franchise system. | |
| Support | ||
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Ground Round I.O.C. | Zaxby's | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Franchise Fee | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Royalty Fee | |
| Ground Round I.O.C. | 3.50% |
| Zaxby's | 6% |
| Advertising Fee | |
| Ground Round I.O.C. | |
| Zaxby's | 2.87%-5% |
| Year Founded | |
| Ground Round I.O.C. | 1969 |
| Zaxby's | 1990 |
| Year Franchised | |
| Ground Round I.O.C. | 1970 |
| Zaxby's | 1994 |
| Term Of Agreement | |
| Ground Round I.O.C. | 10 years |
| Zaxby's | |
| Renewal Fee | |
| Ground Round I.O.C. | 50% of current royalty fee |
| Zaxby's | |
Business Experience Requirements |
|
| Experience | |
| Ground Round I.O.C. | |
| 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). 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. |
Financing Options |
|
| Franchise Fees | |
| Ground Round I.O.C. | No |
| Zaxby's | No |
| Start-up Costs | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Equipment | |
| Ground Round I.O.C.} | |
| Zaxby's | |
| Inventory | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Receivables | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Payroll | |
| Ground Round I.O.C. | |
| Zaxby's | |
Training & Support |
|
| Training | |
| Ground Round I.O.C. | |
| Zaxby's | The initial training program is eight weeks long, consisting of a one-week orientation phase at Zaxby's Franchising, Inc.'s training center, three two-week phases at a training restaurant and the final one-week phase back at ZFI's training center. Ongoing support and training updates, in addition to other business development practices - including onsite inspections - are conducted regularly throughout the franchise system. |
| Support | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Marketing | |
| Ground Round I.O.C. | |
| Zaxby's | |
| Operations | |
| Ground Round I.O.C. | |
| Zaxby's | |
Expansion Plans |
|
| US Expansion | |
| Ground Round I.O.C. | |
| Zaxby's | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Ground Round I.O.C. | 0 |
| Zaxby's | |
| International Expansion | |
| Ground Round I.O.C. | |
| Zaxby's | |