SOLD 1/4/24: Snelville Shane’s Rib Shack Franchise QSR Restaurant for Sale w/Real Estate & Building – Same Owner 12-Years

SOLD 1/4/24: 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.