For Sale
$150,000

Macon, GA 31210

Established Restaurant, High Sales Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
This thriving Shane's Rib Shack franchise in Macon, Georgia, presents a remarkable investment opportunity. Boasting a prime location and a strong track record, this established restaurant offers a turnkey operation with significant growth potential. The 2,800 square foot space, built in 2019, comes fully equipped with a comprehensive array of commercial kitchen equipment, including multiple fryers, smokers, ovens, refrigeration units, and a walk-in cooler/freezer. The restaurant also features ample seating, including booths and tables, and is equipped with a POS system and printers. The current lease, expiring December 31, 2029, includes two five-year renewal options, offering long-term stability. Monthly rent is $8,621, inclusive of CAMs, taxes, and insurance. The business currently generates projected annual sales of $891,000, with potential for increased revenue under dedicated ownership. A trained staff of 13 employees is in place, ensuring a smooth transition. A one-time training and transfer fee of $15,000 covers comprehensive franchise training. Royalties are 5% of sales, and national marketing fees are 2%. This is a rare chance to acquire a profitable, established restaurant with a proven brand and substantial upside. The asking price is $150,000. Seller financing is not available. Inventory is not included in the asking price.

Highlights

  • Leasehold interest expiring December 31, 2029, with two five-year renewal options.
  • Monthly rent: $8,621.
  • 2,800 square feet of space.
  • Equipped with a hood system.
  • Qualified buyers may explore financing options with expedited approval processes.
  • Turnkey operation with established clientele and 13 trained employees.

Property Details

Property type
Retail properties, Restaurants
Square Feet
2,800 SF
Year Built
2019

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.9305771
Longitude
-83.7270871

FAQs

What type of property is this?
Retail property - Established Restaurant, High Sales Potential
Where is the retail property located?
The property is located at Macon, GA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Leasehold interest expiring December 31, 2029, with two five-year renewal options.; Monthly rent: $8,621.; 2,800 square feet of space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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