Zaxby’s Franchising LLC

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Zaxby’s Franchising LLC - overview

Established

1990

Location

Atlanta, GA, US

Primary Industry

Consumer Services

About

Zaxby’s Franchising LLC, based in the US, operates a fast-casual dining chain specializing in chicken-based menu items. They emphasize quality, convenience, and a customizable dining experience. Founded in 1990 in Atlanta, US, Zaxby’s Franchising LLC operates a chain focused on chicken menu offerings. The company was founded by Tony Townley and has undergone strategic developments to enhance its operations.


Zaxby’s received a significant investment in November 2020 when Goldman Sachs Merchant Banking Division acquired the company for USD 2 billion, marking a pivotal move to accelerate its growth strategy in the fast-food sector. Zaxby’s operates in the fast-food sector, primarily focusing on chicken-based menu items. Their core product offerings include chicken fingerz, wings, sandwiches, and salads, catering to a diverse customer base. Zaxby’s emphasizes a casual dining experience with customizable meal options, allowing customers to select various sauces and sides.


Their products are primarily sold in the Southeastern US markets, including Georgia, Alabama, and South Carolina, where they have established a strong brand presence. Zaxby’s revenue model centers on direct-to-consumer transactions through restaurant locations, drive-thrus, and online ordering. Customers purchase individual meals, family packs, and catering options, reflecting a pricing strategy that appeals to varied consumer needs. Signature items like the Zax Pack cater to both individual diners and families.


The company also explores franchising opportunities, aiming for expansion to enhance overall revenue potential. Following the acquisition in November 2020, Zaxby’s Franchising LLC plans to accelerate its growth strategy. While specific upcoming products and geographic expansion targets have not been detailed, the recent funding will support broader initiatives to enhance market presence. Zaxby’s aims to explore new markets and develop its product offerings to meet evolving consumer preferences.


Current Investors

Goldman Sachs Asset Management

Primary Industry

Consumer Services

Sub Industries

Meat, Poultry & Seafood Products, Snack Foods, Restaurants & Nightlife

Website

www.zaxbys.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Zaxby’s Franchising LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedZaxby’s Franchising LLC-

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