Unitnomics

Franchises · 2026 FDD · Wisconsin DFI filing 641240

Zaxby's franchise cost, unit revenue and closures

Opening a Zaxby's cost $1,460,000 to $3,810,500 in the 2026 FDD; the median unit sold $2,783,862 in the franchisor's fiscal 2025 figures; 2.6% of franchised units closed over three years.

Franchisor: Zaxby's SPE Franchisor LLC. FDD issued 2026-04-24. Fiscal year end 2025-12-28. Figures re-found on the cited page 2026-11-03.

What a unit costs to open

Initial investment range$1,460,000 – $3,810,500Item 7, p. 17, 18
Midpoint (site arithmetic)$2,635,250(low + high) ÷ 2

What a unit pays the franchisor

Initial franchise fee$35,000Item 5, p. 8
Royalty6% of Gross Sales, weekly (reduced to 2% and 4%, or 0% and 3%, in the first two years under incentive programs)Item 6, p. 11
Advertising fundweekly marketing contributions up to 4% of Gross Sales (national fund plus co-op or multi-DMA)Item 6, p. 11

What a unit sells

Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.

Median unit revenue$2,783,862Item 19, p. 52, 53
Average$2,847,345384 units (47.5%) at or above
MeasureGross Revenues, 2025 (Table 1, All Measured Restaurants)
Sample809 units: the Table 1 franchised restaurants (809) with quartiles; Table 2 adds operating costs for 563 franchised restaurants
Periodfiscal 2025
High / low$6,882,505 / $936,049

Revenue to investment

Median revenue ÷ investment midpoint1.06$2,783,862 ÷ $2,635,250
At the low and high end of Item 71.91 / 0.73÷ $1,460,000 and ÷ $3,810,500

Formula: Item 19 all-measured-restaurants median / Item 7 total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.

How many units open and close

Franchised units202320242025
Start of year776796826
Opened263741
Terminated666
Not renewed001
Reacquired by franchisor00-6
Ceased, other reasons001
End of year796826865
Company-owned, end of year145143140

Item 20, Table 1 p. 57; Table 3 totals p. 60.

Three-year closure rate2.58%20 closures ÷ 776 at start of 2023
Three-year net change, franchised+89 (11.5%)end 2025 − start 2023

Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.

As filed: 2024 does not sum (796 + 37 − 6 = 827, printed 826), and 2025 prints reacquisitions as −6 (units sold to franchisees shown as a negative reacquisition), which is how the row sums to 865.

Source and method

Every figure above comes from the Zaxby's Franchise Disclosure Document issued 2026-04-24, as filed with the Wisconsin Department of Financial Institutions (filing 641240, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.

Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.

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