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Updated RecentlySoul Fixins' Restaurant vs Zaxby's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Soul Fixins' Restaurant vs Zaxby's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $274,000 - $524,000 | $343,200 - $695,200 |
| Franchise Fee | $30,000 | $35,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | 2.87%-5% |
| Year Founded | 1993 | 1990 |
| Year Franchised | 2004 | 1994 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 50% of then franchise fee | - |
Business Experience Requirements |
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| 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 |
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| 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 |
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| 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 | Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | - | - |
| Operations |
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Soul Fixins' Restaurant
NO LONGER FRANCHISING
Soul Fixins' Restaurant has been working since 1992; New York's multi-grant winning Berry Brothers have been idealizing and making energizing soul sustenance food. Their eatery can brag of rehashed "Elite" Awards, a dedicated and developing after and extravagant acclaim from nearby, provincial and national nourishment authors. The purposes behind this are the freshness of both the fixings and their reasoning. The nourishment is basic yet scrumptious. As clients enter the eatery, drifts of home cooking fill the air; the scents of fricasseed chicken, BBQ save ribs, shrimp scampi and meatloaf buoy to their nose. In any case, the great odors don't measure up to the incredible kinds of this Southern food once they take a seat to take a nibble. Maybe the most shocking enjoyments are the side dishes and vegetables. The plantains, the macintosh and cheddar and the collard greens are shockingly better than they would envision.
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.