Shane’s Rib Shack – $252K+ EBITDA – 2 Proven locations!
Ad ID : 1784221
American Restaurants / Other Food and Restaurants
- Asking Price:$899,000
- Annual Gross Revenue:$2,268,811
- Annual EBITDA/Cash Flow:$252,139
Two top-performing Shane’s Rib Shack franchises! These long-standing and successful locations meet or exceed current brand standards and are operating with all the latest technology, offering Curbside Pickup, on-line ordering, and 3rd Party Delivery! They are ripe for more growth with a new owner and are being offered at a time when financing is both available and appealing for a qualified buyer of these proven franchise locations.
Shane’s Rib Shack has grown to become the country’s model fast-casual barbecue concept. When you buy these franchises, you are joining a system with a proven business model and over 18 years of success. Both Sales and EBITDA are rising rapidly at these established and highly profitable stores. This sale will consist of 2 open/operational Shane’s Rib Shack franchises and two high-quality catering vehicles.
These restaurants enjoy a loyal customer base and tremendous ongoing growth potential in the communities they serve. They are well maintained, and the owner has kept accurate books and records. SBA approved; financing is available with as little as 10%-15% needed.
The current owner has put in place a seasoned team across both locations. He participates in the operations, along with several managers and shift leads at one store. The other store is self-sufficient and employs a General Manager, Assistant managers, and a fully trained crew. This will allow for an easy transition of ownership.
Shane’s Rib Shack is a true American rib shack, known for its slow-smoked ribs, hand-chopped pork, chicken, and many southern sides to complement each plate. The Original Shack was founded in 2002, in McDonough, Ga. by Shane Thompson, who started the restaurant with his grandfather’s secret BBQ sauce. Since becoming a franchised restaurant in 2004, Shane’s Rib Shack has grown to become the country’s model fast-casual barbecue concept. In 2015, Shane’s Rib Shack was named one of the Daily Meal’s Best BBQ Chains and was featured in the Wall Street Journal. Shane’s Rib Shack was recognized in the Top 100 Movers and Shakers by FastCasual.com.
Interested in additional Information?
1) Download or open the Confidentiality Form located in the Attached Documents section below.
2) Complete the Confidentiality Form and return it to us via the email address listed on the bottom of the Confidentiality Form.
3) Upon our receipt of your completed Confidentiality Form, we will contact you and provide you specific data for this business opportunity.
Included In Asking Price: Furniture, Fixtures, Equipment.
Not Included In Asking Price: Inventory: $11,000
Year Established: 2012
Facilities: There are excellent leases with each landlord – consolidated occupancy/rent costs are only 6.91% of sales, and option terms are in place for the Buyer. Strong locations serving densely populated retail, business, and residential customers/communities, along with a large university. These Stores are immaculate & very well maintained. The teams have many long-term members, high morale, and take great pride in providing a top-notch customer experience.
Growth and Expansion: Opportunities for new owner to further grow sales: -- 3rd Party delivery: launched last year and recently expanded with additional GrubHub and Doordash partnerships. The owner has also launched online ordering and Curb-side pickup! -- These stores do minimal local marketing. There is a real opportunity for the new owner to drive additional sales with local advertising / PR, partnerships with schools, sports leagues, etc.
About the Sale
Support and Training: Comprehensive, hands-on training, by the Franchisor, ensuring you are ready to own these already successful barbeque franchises.
Reason for Sale: Personal. Please ask Broker.
Attached Documents:Confidentiality Form
Name: Jeff Percey
Phone: (Mobile) 804-357-3243 / (Office) 410-561-9800 / (Toll Free) 800-279-7569