Metro Atlanta GA Shane’s Rib Shack Franchise QSR Restaurant for Sale w/Real Estate & Building – Same Owner 12-Years – Profitable – NEW Pricing
Metro Atlanta GA Shane’s Rib Shack Franchise QSR Restaurant for Sale w/Real Estate & Building – Same Owner 12-Years – Profitable – NEW Pricing
Price: $1,499,000
Location: Fulton
Industry: American Restaurants, Delis and Sandwich Shops, Miscellaneous Restaurant and Bars
Listing ID: 5053
Metro Atlanta GA Shane’s Rib Shack Franchise BBQ Quick Service Restaurant for Sale.
Shane’s Rib Shack is an American fast casual BBQ franchise, serving slow-cooked baby back ribs, hand-chopped chicken and pork, and Southern-style side dishes. They are located in ten states, with most of their restaurants located in the state of Georgia.
Sale includes Business, Real Estate & Building.
Same Owner for almost 12-Years.
Hi-Traffic location is adjacent to nationally anchored shopping centers.
Freestanding
3,100/SF.
.60 Acre Parcel.
100-Seats.
Outdoor Seating for 20.
Parking for 70.
2021 Gross Sales $1,100,000 approximately.
2021 Net Profit $50,000 after paying all expenses and mortgage.
2022 Gross Sales $85,000 monthly approximately.
2021 Net Profit of $10,000 monthly after paying all expenses and $8,000 monthly mortgage payments.
Franchise Transfer Fee $15,000.
Royalties 6%.
Advertising 2%.
Local Training.
A full staff of 20.
Management includes General Manager, Kitchen Manager, and 2-Keyholders.
The owner spends 30 hours overseeing the operation.
Assets include 3-Southern Pride Smokers.
Retirement forces sale.
Gross Revenue: $1,100,000
Cash flow: N/A
Reason For Sale:
Retirement
Training & Support:
Local training
Year Established: 2010
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker
Employees: A full staff of 20.
Managers: Management includes General Manager, Kitchen Manager, and 2-Keyholders.
Monthly Rent: N/A
Type of Location: Freestanding
Square Footage: 3100
Facilities Information:
Sale includes Business, Real Estate & Building.
Hi-Traffic location is adjacent to nationally anchored shopping centers.
Freestanding
3,100/SF.
.60 Acre Parcel.
100-Seats.
Outdoor Seating for 20.
Parking for 70.
Assets include 3-Southern Pride Smokers.
Competition:
Ask broker
Potential Growth:
Ask broker