|
Below is an in-depth analysis and side-by-side comparison of Zaxby's vs Dunn's Famous including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $343,200 - $695,200 | $150,000 - $800,000 |
Franchise Fee | $35,000 | $20,000 - $50,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2.87%-5% | 2%Nat'l+1% Local |
Year Founded | 1990 | 1927 |
Year Franchised | 1994 | 0 |
Term Of Agreement | - | 10 years +10+10 |
Term Of Agreement | - | 10 years +10+10 |
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. | Four Week Training Program is compulsory prior to your Franchise opening at our headquarters in Montreal. We spend a minimum of one to two weeks with you at your store from your Franchise opening date and we will stay on longer should additional training be deemed necessary by our corporate training team. |
Support | - | We will assist you in: Location search Preparing a marketing and business plan Verification of specific lease clauses Designing your store Ordering equipment and furnishings Training you and your staff Store opening support |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | Yes |
International Expansion | - | Yes |
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.
Dunn's is a full service, casual dining family owned deli & neighbourhood eatery concept. We offer the finest cured "Old Fashioned Smoked Meat" in the world. Our specially seasoned and aged briskets are hand-carved daily on the premises and served to order. In addition to Smoked Meat, we offer our guests chargrilled burgers, hotdogs and steak, fresh cut fries, our Montreal famous poutines, salads, pizzas, pastas, wraps, soups, desserts, full breakfast and a fully serviced bar. The Dunn's corporate team is dedicated to ensuring the success of the Dunn's franchisees so Dunn's can become every city's favorite place for Montreal's authentic "Old Fashioned Smoked Meat" and so much more. Our philosophy is simple. We are more interested in working with quality franchise owners then how many franchises we can open. We have perfected our own proprietary world famous smoked meat with a solid complementary ancillary menu popular with people of all ages. We have limited to no competition when it comes to offering premium Old Fashion Smoked Meat. You're not buying a job you're investing in a business. We offer several revenue streams with the opportunity for 24 hour operations resulting in a quicker return on investment. We focus on our customer's comfort and offer an Urban Vintage decor that promotes a table d'hote dining experience enjoyed in a warm atmosphere. Need a quick lunch or running off to the game. From order to table Dunn's has perfected the "Dine and Dash" experience for people on the go. We can boast 88 years and counting as the go to place for an Urban Deli experience and can offer several retail concepts. We are well suited for locations situated in dense commercial sectors, urban streets, strip malls, power centers and shopping centers with outdoor access. Our food quality is the real secret for our nine decades of success. In order to achieve the Dunn's standard in restaurant services there can be no compromise. We have implemented tried, tested and proven kitchen systems, restaurant operations and ongoing product development. Our ability to create adaptable marketing and advertising plans is one of our greatest asset in conveying to the customer what Dunn's is all about and another important strength to our longevity in the restaurant industry. We offer a comprehensive training program, direct corporate communication and the stability of a well-established brand and company.