Early Life
Zach McLeroy was born and raised in Athens, Georgia. He met his future business partner, Tony Townley, in middle school. During his youth, McLeroy wasn't initially focused on a career in the food service industry. He had aspirations of becoming a drummer.
Rise to Success
In 1990, McLeroy and Townley, each investing $8,000, launched the first Zaxby's near the Georgia Southern University campus in Statesboro, Georgia. McLeroy managed the operations while Townley, who was in the mortgage business, handled the finances. Initially, the restaurant was called "Zax," a play on McLeroy's name. Through hard work and reinvestment of profits, they expanded the business. The original location was a hit, with the pair focusing on serving quality food and creating a strong company culture. Zaxby's focused on flavorful chicken fingers and wings.
Key Business Strategies
McLeroy's leadership emphasized a culture of service and collaboration. He prioritized serving the community, providing opportunities for team members, and fostering a positive work environment. By 2020, McLeroy sold 20% of his stake in Zaxby's to Goldman Sachs for an estimated $400 million, but retained 30% ownership and continues as chairman of the board. The chain recorded $2.5 billion in systemwide sales in 2023.
Philanthropy
McLeroy is passionate about providing opportunities to increase economic mobility through education, training, and social support. He heads up the McLeroy Family Foundation, which provides strategic counsel and financial contributions to philanthropic and faith-based organizations focused on elevating women, children, and veterans, as well as those working to end homelessness.
