Who Owns Zaxbys? – Real Owner of Zaxbys


Updated: February 25, 2023

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Zaxby’s is a popular fast-food chain that is well-known for its delicious chicken dishes and savory sauces. The company was founded in 1990 by childhood friends Zach McLeroy and Tony Townley, who were both born and raised in the southern United States. The first Zaxby’s restaurant was opened in Statesboro, Georgia, and it quickly became a local favorite.

As the company grew in popularity, it expanded rapidly, and by 2007, Zaxby’s had over 400 locations across the United States. Today, the chain has over 900 locations in 17 states, and it continues to be a popular destination for people who love Southern-style chicken and other fast-food favorites.

In terms of ownership, Zaxby’s is a privately held company, which means that it is not publicly traded on any stock exchange. The majority of the company is owned by co-founders Zach McLeroy and Tony Townley, who still hold key leadership positions within the organization. In recent years, Zaxby’s has attracted the attention of several private equity firms, who have expressed interest in acquiring the company. However, as of the time of this writing, the co-founders have not sold their stake in the company, and Zaxby’s remains a privately held entity.

What Is Zaxby’s?

Zaxby’s is a fast-food restaurant chain that specializes in chicken dishes, salads, sandwiches, and sides. The chain was founded in 1990 by Zach McLeroy and Tony Townley in Statesboro, Georgia, and has since grown to over 900 locations across 17 states in the United States.

Zaxby’s menu features a variety of chicken dishes, including wings, tenders, and sandwiches, as well as salads, sides, and desserts. The chain is known for its signature sauces, which range from mild to spicy, and can be used as dips or added to dishes for extra flavor.

In addition to its food offerings, Zaxby’s is also known for its commitment to customer service and hospitality. The chain prides itself on creating a friendly and welcoming environment for its customers, and its staff members are trained to provide exceptional service to every guest. Overall, Zaxby’s is a popular fast-food chain that has gained a loyal following for its tasty chicken dishes, signature sauces, and Southern hospitality. Whether you’re in the mood for a quick lunch, dinner, or snack, Zaxby’s has something to satisfy your cravings.

Who owns Zaxby? 

Zaxby’s is a privately held company, and the majority of the ownership is held by co-founders Zach McLeroy and Tony Townley. McLeroy and Townley are childhood friends who opened the first Zaxby’s restaurant in Statesboro, Georgia, in 1990. Since then, they have grown the company into a successful fast-food chain with over 900 locations across 17 states in the United States. Despite receiving interest from private equity firms in recent years, McLeroy and Townley have not sold their stake in the company, and Zaxby’s remains a privately held entity.

How Much Money Does a Business Make as a Zaxby’s Franchise?

The amount of money that a Zaxby’s franchise can make varies depending on a number of factors, including the location of the restaurant, the local market, and the performance of the individual franchise. According to Zaxby’s franchise disclosure document (FDD) from 2021, the average gross sales for a Zaxby’s franchise in 2020 was $1,982,767. However, this is just an average, and actual sales can vary significantly depending on a range of factors.

It’s also worth noting that opening a Zaxby’s franchise requires a significant investment, including an initial franchise fee of $35,000, as well as ongoing royalties and advertising fees. Franchisees will also need to cover the cost of building and equipping their restaurant, as well as other operational expenses, such as labor, food costs, and rent.

Overall, owning a Zaxby’s franchise can be a profitable business venture, but success is not guaranteed and will depend on a range of factors, including location, market conditions, and the skill and effort of the individual franchisee.

What Inspires Zaxby CEO Zach McLeroy?

Zach McLeroy, the co-founder and CEO of Zaxby’s, is inspired by a number of things, including his upbringing in the South, his passion for good food, and his desire to provide exceptional customer service.

As a native of Georgia, McLeroy was raised in a culture that valued hospitality and community, and he has brought those values to Zaxby’s. He believes that creating a friendly and welcoming environment for customers is essential to the success of the business, and he has made it a priority to train his staff to provide exceptional service to every guest.

McLeroy is also passionate about good food and believes that great-tasting dishes are essential to building a successful restaurant chain. He has worked to develop Zaxby’s menu to offer a range of tasty chicken dishes, unique sauces, and sides that appeal to a wide variety of customers.

Finally, McLeroy is inspired by the success of Zaxby’s and the impact that the company has had on its employees, franchisees, and customers. He believes that by providing a great product, exceptional service, and a supportive culture, Zaxby’s can continue to grow and thrive for years to come.

The Ownership Structure of Zaxby’s

Zaxby’s is a privately held company, and its ownership structure is not publicly disclosed. The company was founded in 1990 by childhood friends Zach McLeroy and Tony Townley, and they remain involved in the company today.

Zaxby’s has also partnered with private equity firm Goldman Sachs to help fund the company’s expansion and support its franchisees. In 2018, Goldman Sachs invested an undisclosed amount in Zaxby’s, and the partnership is expected to help the company continue to grow and expand its presence in the fast-food industry.

Overall, while the details of Zaxby’s ownership structure are not publicly available, the company appears to be well-positioned for continued growth and success in the highly competitive fast-food industry.

Zaxby Exceptional Food Franchise Company 

Zaxby’s is a fast-food franchise company that has gained a reputation for offering exceptional food and service to its customers. Founded in 1990 by Zach McLeroy and Tony Townley in Statesboro, Georgia, Zaxby’s has grown to become one of the largest chicken restaurant chains in the United States, with over 900 locations in 17 states.

One of the things that set Zaxby’s apart from other fast-food chains is its focus on providing high-quality food. The company uses fresh, never-frozen chicken in its dishes, and its sauces are made from scratch using unique recipes developed in-house. In addition, Zaxby’s offers a variety of salads, sides, and desserts to complement its chicken dishes, giving customers a range of options to choose from.

Another key factor in Zaxby’s success is its commitment to exceptional service. The company trains its employees to provide friendly, welcoming service to every customer, creating a culture of hospitality that is felt in every aspect of the business. In addition, Zaxby’s franchisees receive extensive support and training to help them succeed in their own businesses.

The Early Growth of Zaxby’s

Zaxby’s was founded in 1990 by childhood friends Zach McLeroy and Tony Townley in Statesboro, Georgia. The two friends had grown up together and had always dreamed of starting their own business. The early growth of Zaxby’s was slow but steady. The first restaurant was located in a small strip mall in Statesboro and featured a simple menu of chicken fingers, wings, and sandwiches, along with a few sides and drinks.

However, word soon spread about the quality of the food and the friendly service at Zaxby’s, and the restaurant began to attract a loyal following. In 1994, the company opened its second location in Dublin, Georgia, and began to franchise the concept to other entrepreneurs.

Over the next few years, Zaxby’s continued to expand its footprint, opening new locations in Georgia, South Carolina, and Alabama. The company also began to develop its brand identity, with a focus on Southern hospitality and high-quality food. By 2000, Zaxby’s had opened its 100th location, and the company continued to grow at a rapid pace. Today, Zaxby’s has over 900 locations in 17 states, and has become one of the largest chicken restaurant chains in the United States.

The Future of Zaxby’s

The future of Zaxby’s looks promising, as the company continues to expand its footprint and adapt to changing consumer preferences. Here are some of the trends and developments that could shape the future of Zaxby’s:

  1. Continued Expansion: Zaxby’s has continued to expand its presence in the United States, with plans to open new locations in existing markets as well as expand into new regions. The company has also explored international expansion, with the first Zaxby’s location in Australia set to open in 2022.

  2. Technology and Innovation: Zaxby’s has embraced technology to improve the customer experience and streamline operations. The company has rolled out a mobile ordering app, self-service kiosks, and drive-thru digital menu boards, and is exploring other technologies such as delivery and curbside pickup.

  3. Health and Wellness: As consumers become more health-conscious, Zaxby’s has introduced new menu items that cater to this trend, such as salads, grilled chicken, and low-carb options. The company has also committed to removing artificial flavors, colors, and preservatives from its food by 2023.

  4. Sustainability: Zaxby’s has made a commitment to sustainability by reducing waste, conserving water and energy, and sourcing ingredients from responsible suppliers. The company has also pledged to reduce greenhouse gas emissions by 30% by 2030.

Overall, Zaxby’s appears to be well-positioned for the future, with a focus on expansion, innovation, and sustainability that will help the company continue to grow and succeed in the highly competitive fast-food industry.

Zaxby’s Franchising Model

Zaxby’s operates under a franchising model, which allows entrepreneurs to open their own Zaxby’s restaurants while leveraging the company’s established brand and operating systems. Here are some key features of Zaxby’s franchising model:

  1. Investment Requirements: Opening a Zaxby’s franchise requires a significant investment, including an initial franchise fee of $35,000, as well as ongoing royalties and advertising fees. Franchisees will also need to cover the cost of building and equipping their restaurant, as well as other operational expenses, such as labor, food costs, and rent.

  2. Training and Support: Zaxby’s provides extensive training and support to its franchisees, including a comprehensive training program for new restaurant operators and ongoing support in areas such as marketing, operations, and supply chain management. The company also provides a range of tools and resources to help franchisees manage their business effectively.

  3. Site Selection: Zaxby’s works closely with franchisees to help them identify and secure the best possible location for their restaurant. The company provides site selection guidance and analysis, and can also assist with lease negotiations and construction management.

  4. Brand Standards: As a franchisor, Zaxby’s maintains strict brand standards to ensure consistency and quality across all of its locations. Franchisees are required to adhere to these standards, which cover everything from menu offerings to decor and uniforms.

Overall, Zaxby’s franchising model has been successful in helping the company grow and expand its footprint across the United States. The company’s commitment to training, support, and brand standards has helped it attract and retain high-quality franchisees, while also maintaining the consistency and quality that customers expect from the Zaxby’s brand.

Frequently Asked Questions

Yes, Zaxby’s operates under a franchising model, which allows entrepreneurs to open their own Zaxby’s restaurants while leveraging the company’s established brand and operating systems.

Yes, Zaxby’s has a partnership with private equity firm Goldman Sachs, which has invested in the company to support its growth and expansion.

As of 2023, Zaxby’s has over 900 locations in 17 states across the United States.

Opening a Zaxby’s franchise requires a significant investment, including an initial franchise fee of $35,000, as well as ongoing royalties and advertising fees.

Zaxby’s maintains strict brand standards to ensure consistency and quality across all of its locations. Franchisees are required to adhere to these standards, which cover everything from menu offerings to decor and uniforms.

Zaxby’s provides extensive training and support to its franchisees, including a comprehensive training program for new restaurant operators and ongoing support in areas such as marketing, operations, and supply chain management.

Zaxby’s was founded in 1990 by childhood friends Zach McLeroy and Tony Townley.

Conclusion

In conclusion, Zaxby’s is a privately held company, and its ownership structure is not publicly disclosed. The company was founded in 1990 by childhood friends Zach McLeroy and Tony Townley, who remain involved in the company today. Zaxby’s has since grown to become one of the largest chicken restaurant chains in the United States, with over 900 locations in 17 states.

The company operates under a franchising model, which has helped it to expand its footprint and leverage the strength of its brand and operating systems. Zaxby’s also has a partnership with private equity firm Goldman Sachs, which has invested in the company to support its growth and expansion.

Overall, while the details of Zaxby’s ownership structure are not publicly available, the company appears to be well-positioned for continued success in the highly competitive fast-food industry. Its commitment to high-quality food, Southern hospitality, and strong brand standards has helped it attract a loyal following, while its franchising model has allowed it to expand rapidly across the United States.


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