For Sale
$199,000

0 Rib Shack Bbq Restaurant For Sale InEllijay, GA 30540

Profitable BBQ franchise, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
116
This established Shane's Rib Shack franchise in Ellijay, Georgia, is offered for sale at $199,000. This turnkey operation boasts a 4,284 square foot leased space with a lease expiring December 30, 2032 (8-year term remaining). The restaurant generated over $1.7 million in gross revenue in 2023, resulting in a substantial cash flow of $252,893. The sale is an asset sale, and inventory is not included in the asking price. Seller financing is not available. The restaurant features a fully equipped kitchen, including multiple fryers, a char-broiler, smokers (Southern Pride DH-65 and two SC-200-SM models), a convection oven, extensive refrigeration (including new units installed in 2023), a complete hood system, and a POS system with three registers. Additional equipment includes a dish sink, prep tables, and ample seating (tables, booths, and chairs). The restaurant also benefits from a new HVAC system (installed August 2023) and two new hot water heaters (installed November 2023). A security camera system is in place. The location is highly visible on a main road, serving both locals and tourists in a growing North Georgia town. The restaurant employs 23 people and the monthly lease rate is $10,710. This represents a significant opportunity to acquire a profitable, established business in a desirable location without the expense and time commitment of a new build-out. The address is confidential, but the city is disclosed.

Highlights

  • Asking Price: $199,000 for this established Shane's Rib Shack franchise.
  • Location: Ellijay, Georgia (address confidential).
  • Financial Performance: Over $1.7 million in 2023 sales and strong cash flow.
  • Turnkey Operation: Avoid new build-out costs estimated at $360,000-$550,000.
  • Lease Terms: 8-year lease, expiring December 30, 2032.

Property Details for 0 Rib Shack Bbq Restaurant For Sale In

Property type
Retail properties, Restaurants
Square Feet
4,284 SF

Location Insight

City
Ellijay
County
Gilmer
State
Georgia
Latitude
34.6603422
Longitude
-84.4892983
Rib Shack Bbq Restaurant For Sale In, Ellijay, Georgia

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0 Rib Shack Bbq Restaurant For Sale In
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