Start-Up Costs and Fees |
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| Village Inn Restaurants | Zaxby's | |
| Investment | 963000 - 2570000 | 343200 - 695200 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1%local +0.5%Nat'l | 2.87%-5% |
| Year Founded | 1958 | 1990 |
| Year Franchised | 1961 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Village Inn Restaurants | Zaxby's | |
| 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 |
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| Village Inn Restaurants | Zaxby's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Village Inn Restaurants | Zaxby's | |
| 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 |
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| Village Inn Restaurants | Zaxby's | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Village Inn Restaurants | |
| Zaxby's | |
| Franchise Fee | |
| Village Inn Restaurants | |
| Zaxby's | |
| Royalty Fee | |
| Village Inn Restaurants | 4% |
| Zaxby's | 6% |
| Advertising Fee | |
| Village Inn Restaurants | 1%local +0.5%Nat'l |
| Zaxby's | 2.87%-5% |
| Year Founded | |
| Village Inn Restaurants | 1958 |
| Zaxby's | 1990 |
| Year Franchised | |
| Village Inn Restaurants | 1961 |
| Zaxby's | 1994 |
| Term Of Agreement | |
| Village Inn Restaurants | |
| Zaxby's | |
| Renewal Fee | |
| Village Inn Restaurants | |
| Zaxby's | |
Business Experience Requirements |
|
| Experience | |
| Village Inn Restaurants | |
| Zaxby's | 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 |
|
| Franchise Fees | |
| Village Inn Restaurants | |
| Zaxby's | |
| Start-up Costs | |
| Village Inn Restaurants | |
| Zaxby's | |
| Equipment | |
| Village Inn Restaurants} | |
| Zaxby's | |
| Inventory | |
| Village Inn Restaurants | |
| Zaxby's | |
| Receivables | |
| Village Inn Restaurants | |
| Zaxby's | |
| Payroll | |
| Village Inn Restaurants | |
| Zaxby's | |
Training & Support |
|
| Training | |
| Village Inn Restaurants | |
| Zaxby's | 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 | |
| Village Inn Restaurants | |
| Zaxby's | |
| Marketing | |
| Village Inn Restaurants | |
| Zaxby's | |
| Operations | |
| Village Inn Restaurants | |
| Zaxby's | |
Expansion Plans |
|
| US Expansion | |
| Village Inn Restaurants | |
| Zaxby's | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Village Inn Restaurants | |
| Zaxby's | |
| International Expansion | |
| Village Inn Restaurants | |
| Zaxby's | |