Zaxby's vs IL FORNELLO Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Zaxby's vs IL FORNELLO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$343,200 - $695,200 | $100,000 - $700,000 |
Franchise Fee |
$35,000 | $35,000 |
Royalty Fee |
6% | 4% |
Advertising Fee |
2.87%-5% | 1% |
Year Founded |
1990 | 1986 |
Year Franchised |
1994 | 1989 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
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 |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/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. | 10 weeks |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
Yes | - |
Canada Expansion |
- | Yes |
International Expansion |
- | - |
Company Overviews
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.
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.
The total investment necessary to begin operation of a Zaxby’s
franchised business is $343,200 to $695,200. This includes $40,200 to
$45,000 that must be paid to the franchisor or its affiliates. In
addition, if you enter into a Multi-Restaurant Development Agreement to
develop more than one Zaxby’s restaurant, you must pay the franchisor a
fee of $17,500 for each Zaxby’s restaurant scheduled for development
and subsequently must pay an additional $17,500 upon execution of the
License Agreement for each Zaxby’s restaurant, which amounts are
credited towards the initial franchise fee for each restaurant.
#148 in Franchise 500 for 2021. Not in Franchise 500 for 2020.
About IL FORNELLO
In 1986 IL FORNELLO introduced Toronto to wood-oven baked pizza
and the response was overwhelming. From the very first day IL FORNELLO
opened its doors our priority has been to provide our guests with the
highest quality food and service possible. But we have also anticipated
and adapted to the evolving food preferences and sensitivities of our
customers. As a result, IL FORNELLO was the first Italian restaurant to
offer gluten-free pizza and pasta on our menu and, most recently, an
extensive and creative Vegan menu that has been extremely successful.
Because of our constant focus on customer service, IL FORNELLO has
not just weathered recessions, changing demographics and the constantly
challenging landscape that is the food service industry, it has thrived.
With successful corporate and franchise locations in Toronto, Ajax,
Richmond Hill and Oakville, IL FORNELLO Restaurants is ready to grow
again.