| ||||
Updated RecentlyShoney's Restaurants vs Zaxby's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Shoney's Restaurants vs Zaxby's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $568,000 - $2,800,000 | $343,200 - $695,200 |
| Franchise Fee | $25,000 - $35,000 | $35,000 |
| Royalty Fee | 2.5-3.5% | 6% |
| Advertising Fee | - | 2.87%-5% |
| Year Founded | 1968 | 1990 |
| Year Franchised | 1971 | 1994 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | Solid business experience Multi-unit management Proven expertise in retail (food and beverage a plus) Previous franchise experience advantageous | 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 |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/Yes |
Training & Support |
||
| 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Shoney's Restaurants
Since 1947, Shoney’s has been known for authentic southern dishes that are available for breakfast, lunch, supper and to-go.
Today, after completing an extensive revitalization program that includes a focus on freshly prepared, innovative menu items, beautifully redesigned restaurants with flat screen TV’s and modern furnishings and the commitment to give back to the communities we serve, Shoney’s truly is better than ever.
Shoney’s is a Nashville-based company with more than 140 restaurants located in 16 states. Each restaurant strives to give back and be a pillar to the community, which is the hallmark of Shoney’s culture. We support local schools, sports teams, the military, firefighters, police, EMTs and more.
From San Antonio, Texas to Dover, Ohio and every location in between, our restaurants are committed to partner with the communities we serve.
Grow with us! Make Shoney’s a part of your future and invest in a business you’ll be proud to own.
About Zaxby's
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:
Collective net worth of at least $700,000, with liquid assets greater than $400,000 (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.