Zaxby's vs Cool Hand Luke's Franchise Comparison

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

Start-Up Costs and Fees

 
Zaxby's Franchise
Cool Hand Luke's Franchise
Investment $343,200 - $695,200 $373,000 - $1,817,500
Franchise Fee $35,000 $50,000
Royalty Fee 6% -
Advertising Fee 2.87%-5% -
Year Founded 1990 2004
Year Franchised 1994 2005
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Zaxby's Franchise
Cool Hand Luke'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

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

Training & Support

 
Zaxby's Franchise
Cool Hand Luke'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

 
Zaxby's Franchise
Cool Hand Luke's Franchise
US Expansion Yes -
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Zaxby's Franchise
$343,200 - $695,200
Cool Hand Luke's Franchise
$373,000 - $1,817,500
Franchise Fee
Zaxby's Franchise
$35,000
Cool Hand Luke's Franchise
$50,000
Royalty Fee
Zaxby's Franchise
6%
Cool Hand Luke's Franchise
-
Advertising Fee
Zaxby's Franchise
2.87%-5%
Cool Hand Luke's Franchise
-
Year Founded
Zaxby's Franchise
1990
Cool Hand Luke's Franchise
2004
Year Franchised
Zaxby's Franchise
1994
Cool Hand Luke's Franchise
2005
Term Of Agreement
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-
Renewal Fee
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-


Business Experience Requirements

Experience
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.
Cool Hand Luke's Franchise
-

Financing Options

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

Training & Support

Training
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.
Cool Hand Luke's Franchise
-
Support
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-
Marketing
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-
Operations
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-

Expansion Plans

US Expansion
Zaxby's Franchise
Yes
Cool Hand Luke's Franchise
-
Canada Expansion
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-
International Expansion
Zaxby's Franchise
-
Cool Hand Luke's Franchise
-

Company Overviews

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.

About Cool Hand Luke's

Cool Hand Luke’s Steakhouse and Saloon opened its first location in Clovis Ca. in Dec. 2004. From the very beginning the locals named it the "Coolest joint in town" Since then we have expanded to 11 other units in California and one in Eagle Idaho. What makes us unique is our hand cut marinated steaks that come directly from our own Meat Company.

Project Expansion

We are looking for qualified franchisees to expand into new frontiers. Current Opportunity exists in the San Diego and Los Angeles Ca. area. Our Western Themed Wild West Grill offers communities an opportunity to "Step back in time and enjoy a unique dining experience with extraordinary value. Franchise Support

Cool Hand Luke’s Steakhouse and Saloon is part of a family of Brands that dates back to 1964. With decades of experience behind us and the future before us, the Dynaco team will join forces with you to build your business on a solid foundation. Our team will assist you from the beginning steps including site selection, plan design, thru training and opening your restaurant. We offer a offer comprehensive training program and ongoing evaluation and support to ensure your success.

Every decision made by the parent Company is made with the franchisee in mind. Food development, cost control, and expense management are handled by the President, senior staff and our franchise board. Knowing how important communication is to the success of a company, we hold various meetings throughout the year with franchise owners and our staff to discuss marketing, research and development, networking and many other issues related to our business. We come together as a team to plan, brainstorm, and guide our company to the future.