Start-Up Costs and Fees |
||
| Symposium Cafe | Zaxby's | |
| Investment | 625000 - 675000 | 343200 - 695200 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1% | 2.87%-5% |
| Year Founded | 1996 | 1990 |
| Year Franchised | 2004 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Symposium Cafe | 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 |
||
| Symposium Cafe | Zaxby's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Symposium Cafe | Zaxby's | |
| Training | 3 full months of training for up to three individuals at an existing Symposium Cafe location. | 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 | A transition tutor is assigned to directly assist you on a regular basis in your restaurant franchise for a period of 10 weeks. This tutor works closely with you through the opening stages of your cafe, the day-to-day operating systems and procedures to ensure a successful start-up of your restaurant. This program is designed to strengthen and build the Franchise operators commitment to our proven systems. Our unique 10 weeks in-store program is crucial to building your team, establishing a strong customer base, growing restaurant sales and operating a successful Symposium Cafe franchise. The field consulting team provides ongoing support and training through restaurant visits and coaching. They ensure all Symposium Cafe systems, specifications and standards are in place to drive consistent operations and profitable sales. Professional operations staff makes ongoing visits to your restaurant to hear any concerns you may have. They'll also conduct restaurant audits, which expose areas of concern within your operation. Our regional managers work with our Franchisees to develop action plans to correct and eliminate any problems uncovered. | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Symposium Cafe | 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 | Ontario | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Symposium Cafe | |
| Zaxby's | |
| Franchise Fee | |
| Symposium Cafe | |
| Zaxby's | |
| Royalty Fee | |
| Symposium Cafe | 4% |
| Zaxby's | 6% |
| Advertising Fee | |
| Symposium Cafe | 1% |
| Zaxby's | 2.87%-5% |
| Year Founded | |
| Symposium Cafe | 1996 |
| Zaxby's | 1990 |
| Year Franchised | |
| Symposium Cafe | 2004 |
| Zaxby's | 1994 |
| Term Of Agreement | |
| Symposium Cafe | |
| Zaxby's | |
| Renewal Fee | |
| Symposium Cafe | |
| Zaxby's | |
Business Experience Requirements |
|
| Experience | |
| Symposium Cafe | |
| 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 | |
| Symposium Cafe | |
| Zaxby's | |
| Start-up Costs | |
| Symposium Cafe | |
| Zaxby's | |
| Equipment | |
| Symposium Cafe} | |
| Zaxby's | |
| Inventory | |
| Symposium Cafe | |
| Zaxby's | |
| Receivables | |
| Symposium Cafe | |
| Zaxby's | |
| Payroll | |
| Symposium Cafe | |
| Zaxby's | |
Training & Support |
|
| Training | |
| Symposium Cafe | 3 full months of training for up to three individuals at an existing Symposium Cafe location. |
| 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 | |
| Symposium Cafe | A transition tutor is assigned to directly assist you on a regular basis in your restaurant franchise for a period of 10 weeks. This tutor works closely with you through the opening stages of your cafe, the day-to-day operating systems and procedures to ensure a successful start-up of your restaurant. This program is designed to strengthen and build the Franchise operators commitment to our proven systems. Our unique 10 weeks in-store program is crucial to building your team, establishing a strong customer base, growing restaurant sales and operating a successful Symposium Cafe franchise. The field consulting team provides ongoing support and training through restaurant visits and coaching. They ensure all Symposium Cafe systems, specifications and standards are in place to drive consistent operations and profitable sales. Professional operations staff makes ongoing visits to your restaurant to hear any concerns you may have. They'll also conduct restaurant audits, which expose areas of concern within your operation. Our regional managers work with our Franchisees to develop action plans to correct and eliminate any problems uncovered. |
| Zaxby's | |
| Marketing | |
| Symposium Cafe | |
| Zaxby's | |
| Operations | |
| Symposium Cafe | |
| Zaxby's | |
Expansion Plans |
|
| US Expansion | |
| Symposium Cafe | |
| 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 | |
| Symposium Cafe | Ontario |
| Zaxby's | |
| International Expansion | |
| Symposium Cafe | |
| Zaxby's | |