Shoney's Restaurants vs Zaxby's Franchise Comparison

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

Start-Up Costs and Fees

 
Shoney's Restaurants Franchise
Zaxby's Franchise
Investment $568,000 - $2,800,000 $343,200 - $695,200
Franchise Fee $25,000 - $35,000 $35,000
Royalty Fee 2.5-3.5% 6%
Advertising Fee - 2.87%-5%
Year Founded 1968 1990
Year Franchised 1971 1994
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Shoney's Restaurants Franchise
Zaxby's Franchise
Experience

Solid business experience Multi-unit management Proven expertise in retail (food and beverage a plus) Previous franchise experience advantageous

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

 
Shoney's Restaurants 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

 
Shoney's Restaurants 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

 
Shoney's Restaurants Franchise
Zaxby's Franchise
US Expansion - Yes
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Shoney's Restaurants Franchise
$568,000 - $2,800,000
Zaxby's Franchise
$343,200 - $695,200
Franchise Fee
Shoney's Restaurants Franchise
$25,000 - $35,000
Zaxby's Franchise
$35,000
Royalty Fee
Shoney's Restaurants Franchise
2.5-3.5%
Zaxby's Franchise
6%
Advertising Fee
Shoney's Restaurants Franchise
-
Zaxby's Franchise
2.87%-5%
Year Founded
Shoney's Restaurants Franchise
1968
Zaxby's Franchise
1990
Year Franchised
Shoney's Restaurants Franchise
1971
Zaxby's Franchise
1994
Term Of Agreement
Shoney's Restaurants Franchise
-
Zaxby's Franchise
-
Renewal Fee
Shoney's Restaurants Franchise
-
Zaxby's Franchise
-


Business Experience Requirements

Experience
Shoney's Restaurants Franchise

Solid business experience Multi-unit management Proven expertise in retail (food and beverage a plus) Previous franchise experience advantageous

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
Shoney's Restaurants Franchise
No/Yes
Zaxby's Franchise
-/-
Start-up Costs
Shoney's Restaurants Franchise
No/Yes
Zaxby's Franchise
-/-
Equipment
Shoney's Restaurants Franchise
No/Yes
Zaxby's Franchise
-/-
Inventory
Shoney's Restaurants Franchise
No/Yes
Zaxby's Franchise
-/-
Receivables
Shoney's Restaurants Franchise
No/No
Zaxby's Franchise
-/-
Payroll
Shoney's Restaurants Franchise
No/No
Zaxby's Franchise
-/Yes

Training & Support

Training
Shoney's Restaurants 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
Shoney's Restaurants Franchise
-
Zaxby's Franchise
-
Marketing
Shoney's Restaurants Franchise
-
Zaxby's Franchise
-
Operations
Shoney's Restaurants Franchise
-
Zaxby's Franchise
-

Expansion Plans

US Expansion
Shoney's Restaurants Franchise
-
Zaxby's Franchise
Yes
Canada Expansion
Shoney's Restaurants Franchise
No
Zaxby's Franchise
-
International Expansion
Shoney's Restaurants Franchise
No
Zaxby's Franchise
-

Company Overviews

About Shoney's Restaurants

For over 69 years, Shoney’s has been known for authentic southern dishes that are available for breakfast, lunch, supper and to-go.
Today, after completing an extensive revitalization program that includes a focus on freshly prepared, innovative menu items, beautifully redesigned restaurants with flat screen TV’s and modern furnishings and the commitment to give back to the communities we serve, Shoney’s truly is better than ever.
Shoney’s is a Nashville-based company with more than 140 restaurants located in 16 states. Each restaurant strives to give back and be a pillar to the community, which is the hallmark of Shoney’s culture. We support local schools, sports teams, the military, firefighters, police, EMTs and more.
From San Antonio, Texas to Dover, Ohio and every location in between, our restaurants are committed to partner with the communities we serve.

Grow with us! Make Shoney’s a part of your future and invest in a business you’ll be proud to own.

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.