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Southeastern Chicken QSR ranks 133rd in our highly competitive 11 Top Franchise Rankings.th consecutive years
ATHENS, GA / ACCESSWIRE / January 19, 2024 / Zaxby’s, a Georgia-based fast-growing quick-service restaurant franchise known for its chicken fingers, wings and signature sauces, has been recognized as one of the Top 500 franchises on Entrepreneur’s Franchise 500® for 11 years.th consecutive years. In the 2024 rankings, Zaxby’s took the No. 1 spot. 133rd place, This is a significant jump from last year’s #298 ranking, demonstrating the company’s impressive growth and resilience in the highly competitive food industry.
“This recognition is a testament to the strength of our brand, our innovative growth strategy, and the hard work of our entire team. Moving up to No. 133 on the Entrepreneur’s Franchise 500 is more than just an honor; it is an extraordinary “We are excited about our commitment to providing franchise opportunities and dining experiences,” said Bernard Akoka, CEO of Zaxby’s.
Zaxby’s has been focused on expansion with a new franchisee incentive program. Zaxby’s incentive program leverages the brand’s aggressive development plan and offers Select Market Incentives (SMI), including discounts off standard royalties of 6%. This initiative allows franchisees to enhance their marketing efforts and increase sales performance in new markets. Notably, this plan includes no royalties in the first year, a 3% royalty reduction in the second year, and a standard 6% royalty in the third year and beyond. Additionally, Zaxby’s plans to fully refund the original $35,000 license fee once the store opens as planned.
The 45th annual Entrepreneur Franchise 500 is a prestigious honor in the franchise industry and serves as an important resource for potential franchisees.
“Every brand in the Franchise 500 has a unique story to tell, but they all collectively make the same statement: Franchises are strong, resilient, full of innovation and opportunity, and we have many We provide people with a powerful entrepreneurial path,” says Jason Pfeiffer. Editor-in-chief of Entrepreneur magazine. “Our 45th annual ranking features many companies with the fresh ideas, exciting business models, cultural influence, and business sophistication that will define the next 45 years and beyond. It has been.”
Entrepreneur’s ranking formula is continually evolving to reflect the dynamics of the franchise market and considers a variety of factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Masu. Based on analysis of over 150 data points, franchises are given a cumulative score and the top 500 are ranked in the Franchise 500 in the order they were ranked.
Zaxby’s position in this year’s rankings underscores the company’s solidity as a franchise opportunity and its appeal to entrepreneurs looking to invest in the quick-service restaurant sector.
To see Zaxby’s complete rankings, visit http://www.entrepreneur.com/franchise500 or pick up Entrepreneur’s January/February 2024 issue, on newsstands now.
To learn more about Zaxby’s franchise opportunities, visit www.zaxbys.com/franchise.
Media contact:
jennifer williams
919-459-3592
jwilliams@919marketing.com
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About Zaxby
Founded in 1990, Zaxby’s is committed to serving delicious chicken fingers, wings, sandwiches and salads with Southern hospitality and a modern twist. Zaxby’s has more than 930 stores in 17 states and plans to open hundreds more restaurants across the United States over the next five years. Zaxby’s has ranked among the top franchises on Entrepreneur’s 500 Respected Franchises list every year since 2013. As of 2021, Zaxby’s has been designated a 5-Star VetFran Partner, highlighting the brand’s commitment to supporting and encouraging veteran franchise ownership. For more information on how to bring Zaxby’s to your community, please visit www.zaxbys.com/franchise. Visit zaxbys.com to explore menu options and his Zaxby’s unparalleled culture.
sauce: zaxby’s
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