Perkins vs Zaxby's Franchise Comparison

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

Start-Up Costs and Fees

 
Perkins Franchise
Zaxby's Franchise
Investment $1,557,975 - $2,742,975 $343,200 - $695,200
Franchise Fee $40,000 $35,000
Royalty Fee 4% 6%
Advertising Fee - 2.87%-5%
Year Founded 1958 1990
Year Franchised 1958 1994
Term Of Agreement 20 years -
Term Of Agreement 20 years -
Renewal Fee $5000-$7500 -


Business Experience Requirements

 
Perkins 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

 
Perkins Franchise
Zaxby's Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/No -/-
Start-up Costs No/No -/-
Equipment No/No -/-
Inventory No/No -/-
Receivables No/No -/-
Payroll No/No -/Yes

Training & Support

 
Perkins 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

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

Start-Up Costs and Fees Mobile

Investment
Perkins Franchise
$1,557,975 - $2,742,975
Zaxby's Franchise
$343,200 - $695,200
Franchise Fee
Perkins Franchise
$40,000
Zaxby's Franchise
$35,000
Royalty Fee
Perkins Franchise
4%
Zaxby's Franchise
6%
Advertising Fee
Perkins Franchise
-
Zaxby's Franchise
2.87%-5%
Year Founded
Perkins Franchise
1958
Zaxby's Franchise
1990
Year Franchised
Perkins Franchise
1958
Zaxby's Franchise
1994
Term Of Agreement
Perkins Franchise
20 years
Zaxby's Franchise
-
Renewal Fee
Perkins Franchise
$5000-$7500
Zaxby's Franchise
-


Business Experience Requirements

Experience
Perkins 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
Perkins Franchise
No/No
Zaxby's Franchise
-/-
Start-up Costs
Perkins Franchise
No/No
Zaxby's Franchise
-/-
Equipment
Perkins Franchise
No/No
Zaxby's Franchise
-/-
Inventory
Perkins Franchise
No/No
Zaxby's Franchise
-/-
Receivables
Perkins Franchise
No/No
Zaxby's Franchise
-/-
Payroll
Perkins Franchise
No/No
Zaxby's Franchise
-/Yes

Training & Support

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

Expansion Plans

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

Company Overviews

About Perkins

In today’s market, the opportunity to buy a Perkins® restaurant franchise business couldn’t be better for experienced restaurateurs interested in aligning with a concept that has withstood the test of time. Now more than ever, restaurant customers are looking for value without sacrificing selection and taste. A top leader in the family restaurant dining segment since 1958, Perkins offers high quality, flavorful and affordable menu options for breakfast, lunch, and dinner and snack. With more than 440 units across the U.S. and Canada, the heritage of the Perkins brand and the ability to adapt to current consumer trends have placed it among the top performing companies in the family restaurant franchise segment.

It’s time to take a fresh look at Perkins Restaurants. Find out how you can own one of the best family restaurant franchises in the business, and deliver the Perkins experience to loyal diners, through single-unit operations and multi-unit ownership franchise opportunities. Perkins gives you the chance to bring comfort, value, and great taste to your community - not to mention solid growth potential to your own career in foodservice.

Perkins has a vision for the future, and wants you to be part of it: our goal is to continue to offer great food and memorable dining experiences to guests across the continent!

Join Perkins and leverage our name, our established systems, and our special recipes - all while pleasing your guests and charting your future in the industry.

The total investment necessary to begin operation of a Perkins Restaurant and Bakery franchise is $1,557,975 - $2,742,975. This includes the $50,000 initial fee paid to the franchisor (unless you are participating in the Refranchising Program). Under the Company Restaurant Refranchising Program, in which an existing company-owned restaurant is transferred to a franchisee, the initial franchise fee is negotiable and will vary in amount depending on, among other things, the length of the franchise term and the profitability of the restaurant (additional information about the Refranchising Program is provided in the Disclosure Document).
In addition, if you sign a Development Agreement for three or more restaurants, the initial franchise fee is $40,000 for the first restaurant, $35,000 for the second restaurant and $30,000 for the third and any subsequent restaurant(s).


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.