Soul 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

 
Soul Fixins' Restaurant Franchise
Zaxby's Franchise
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

 
Soul Fixins' Restaurant Franchise
Zaxby's Franchise
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

 
Soul Fixins' Restaurant Franchise
Zaxby's Franchise
  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

 
Soul Fixins' Restaurant Franchise
Zaxby's Franchise
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

 
Soul Fixins' Restaurant Franchise
Zaxby's Franchise
US Expansion - Yes
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Soul Fixins' Restaurant Franchise
$274,000 - $524,000
Zaxby's Franchise
$343,200 - $695,200
Franchise Fee
Soul Fixins' Restaurant Franchise
$30,000
Zaxby's Franchise
$35,000
Royalty Fee
Soul Fixins' Restaurant Franchise
5%
Zaxby's Franchise
6%
Advertising Fee
Soul Fixins' Restaurant Franchise
-
Zaxby's Franchise
2.87%-5%
Year Founded
Soul Fixins' Restaurant Franchise
1993
Zaxby's Franchise
1990
Year Franchised
Soul Fixins' Restaurant Franchise
2004
Zaxby's Franchise
1994
Term Of Agreement
Soul Fixins' Restaurant Franchise
20 years
Zaxby's Franchise
-
Renewal Fee
Soul Fixins' Restaurant Franchise
50% of then franchise fee
Zaxby's Franchise
-


Business Experience Requirements

Experience
Soul Fixins' Restaurant Franchise
-
Zaxby's Franchise
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
Franchise Fees
Soul Fixins' Restaurant Franchise
No/Yes
Zaxby's Franchise
-/-
Start-up Costs
Soul Fixins' Restaurant Franchise
No/Yes
Zaxby's Franchise
-/-
Equipment
Soul Fixins' Restaurant Franchise
No/Yes
Zaxby's Franchise
-/-
Inventory
Soul Fixins' Restaurant Franchise
No/Yes
Zaxby's Franchise
-/-
Receivables
Soul Fixins' Restaurant Franchise
No/No
Zaxby's Franchise
-/-
Payroll
Soul Fixins' Restaurant Franchise
No/No
Zaxby's Franchise
-/Yes

Training & Support

Training
Soul Fixins' Restaurant Franchise
-
Zaxby's Franchise
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
Soul Fixins' Restaurant Franchise
Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Zaxby's Franchise
-
Marketing
Soul Fixins' Restaurant Franchise
-
Zaxby's Franchise
-
Operations
Soul Fixins' Restaurant Franchise

Absentee ownership of franchise is allowed.

Zaxby's Franchise
-

Expansion Plans

US Expansion
Soul Fixins' Restaurant Franchise
-
Zaxby's Franchise
Yes
Canada Expansion
Soul Fixins' Restaurant Franchise
No
Zaxby's Franchise
-
International Expansion
Soul Fixins' Restaurant Franchise
No
Zaxby's Franchise
-

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.

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.