Ricky's vs Zaxby's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ricky's vs Zaxby's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Ricky's Franchise
Zaxby's Franchise
Investment $800,000 - $950,000 $343,200 - $695,200
Franchise Fee $45,000 $35,000
Royalty Fee 4.5% 6%
Advertising Fee 3% 2.87%-5%
Year Founded 1960 1990
Year Franchised 1978 1994
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Ricky's 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

 
Ricky's Franchise
Zaxby's Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/Yes

Training & Support

 
Ricky's 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 - -
Marketing - -
Operations - -

Expansion Plans

 
Ricky's Franchise
Zaxby's Franchise
US Expansion - Yes
Canada Expansion Yes -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Ricky's Franchise
$800,000 - $950,000
Zaxby's Franchise
$343,200 - $695,200
Franchise Fee
Ricky's Franchise
$45,000
Zaxby's Franchise
$35,000
Royalty Fee
Ricky's Franchise
4.5%
Zaxby's Franchise
6%
Advertising Fee
Ricky's Franchise
3%
Zaxby's Franchise
2.87%-5%
Year Founded
Ricky's Franchise
1960
Zaxby's Franchise
1990
Year Franchised
Ricky's Franchise
1978
Zaxby's Franchise
1994
Term Of Agreement
Ricky's Franchise
-
Zaxby's Franchise
-
Renewal Fee
Ricky's Franchise
-
Zaxby's Franchise
-


Business Experience Requirements

Experience
Ricky's 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
Ricky's Franchise
-/-
Zaxby's Franchise
-/-
Start-up Costs
Ricky's Franchise
-/-
Zaxby's Franchise
-/-
Equipment
Ricky's Franchise
-/-
Zaxby's Franchise
-/-
Inventory
Ricky's Franchise
-/-
Zaxby's Franchise
-/-
Receivables
Ricky's Franchise
-/-
Zaxby's Franchise
-/-
Payroll
Ricky's Franchise
-/-
Zaxby's Franchise
-/Yes

Training & Support

Training
Ricky's 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
Ricky's Franchise
-
Zaxby's Franchise
-
Marketing
Ricky's Franchise
-
Zaxby's Franchise
-
Operations
Ricky's Franchise
-
Zaxby's Franchise
-

Expansion Plans

US Expansion
Ricky's Franchise
-
Zaxby's Franchise
Yes
Canada Expansion
Ricky's Franchise
Yes
Zaxby's Franchise
-
International Expansion
Ricky's Franchise
No
Zaxby's Franchise
-

Company Overviews

About Ricky's

RICKYS ALL DAY GRILL is a mid-scale restaurant/lounge concept featuring high quality Breakfast Plates, plus an Extensive Lunch and Dinner Menu showcasing ribs, chicken, pastas, steaks, burgers, and home-style favourites. It's dynamic, stylized decor theme makes all age groups comfortable in this 3 day part concept with full bar. Ricky's has a proven track record in providing key site selection, construction, comprehensive training, ongoing operation support and marketing programs.

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.