Shane's Rib Shack Franchise for Sale over $1MM in Sales

Covington, GA
listing image
Asking Price:$225,000
Gross Revenue:$1,012,997
Established Year:2009
Cash Flow:$93,438
Rent:$5,723/Month
BUSINESS DESCRIPTION


Shane's Rib Shack Franchise for Sale with over $1 Million in Sales! Ready to take the leap into franchise ownership with a proven track record? Look no further! This thriving franchise opportunity is generating impressive net sales of $1 Million and earning potential of $93,000 for an owner/operator, based on the current financials. SBA lending is no problem for a money-maker like this one!
Don't miss out on securing your future. This Shane's Rib Shack Franchise for Sale is the one you've been waiting for in Georgia!
Wondering about financing options? You're covered. With just a 20% down payment, our lending partners at We Sell Restaurants can approve your loan in two weeks or less. We'll guide you through every step as you achieve the American dream of business ownership. This Shane's Rib Shack Franchise for Sale can be yours in just a matter of weeks!
Why choose this Shane's Rib Shack Franchise for Sale? You'll reap the benefits of a renowned brand without the uncertainty of starting from scratch. There's no need to worry about attracting customers—they're already flocking in, as evidenced by the million in sales.
The potential $93,000 in earnings are after the 5% royalty fee and 2% marketing fee has been paid. In order to gain access to this profitable franchise, there is a one-time training and transfer fee of $15,000. You'll receive direct training from the franchise brand, ensuring you're fully prepared to hit the ground running with exceptional operational skills.
Lease details on this Shane's Rib Shack Franchise for Sale are: Expires 11/30/2024 with options, with a monthly rent of $5,723 for this 2,450 square foot space. The business is fully equipped to meet current brand standards and will be handed over to the buyer in impeccable condition.
When you purchase this Shane's Rib Shack Franchise for Sale you get a location with a team of skilled and knowledgeable employees who are fully trained to efficiently manage the day-to-day operations, ensuring seamless continuity.
The franchisor or seller does not assert that any new buyer will achieve these earnings; however, the potential for such earnings is based on 2023 figures at this particular location.
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DETAILED INFORMATION
Location
Covington, GA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,450
Lease Expiration
30/11/2024
Employees
16
Facilities
Reach in double door freezer reach in freezer 1 door reach in cooler 1 door 2 reach in single door refrigerator warming cabinet heat lamps 4 gas fryers Hot plate 12 inch flat top 24 inch char broiler 36 inch conv oven double 3 smokers toaster bun grill steam table 4 well shelving 1 compartment sink 18 inch 1 compartment sink 24 inch 4 compartment sink ice machine boh ice machine foh walk in cooler cambro shelving safe mop sink utility sink water heater salad station prep tables tables booths chairs Franchise Branding in place
Support & Training
Training by the Brand
Reason for Selling
Other
Franchise
This business is an established franchise
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Robin
Gagnon
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Robin Gagnon