0 Rib Shack Franchise For SaleRaleigh, NC 27616

Property Details for 0 Rib Shack Franchise For Sale

Year built

2006

Property size (Sq ft)

3,462 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional opportunity presents a thriving Shane's Rib Shack franchise in Raleigh, NC, generating impressive annual sales of $1.2 million. Priced affordably at $50,000, this turnkey restaurant offers significant savings compared to starting a new franchise. Located in a desirable Raleigh area, the 3,462 square foot space is fully equipped with a wide array of commercial kitchen equipment including multiple refrigerators, freezers, ovens, grills, fryers, a smoker, and ample prep space. The lease extends until February 27, 2032, with a five-year option, providing long-term stability. Monthly rent, inclusive of CAMs, taxes, and insurance, totals $10,558. The franchise benefits from established brand recognition and a proven track record of success. Training is provided by Shane's Rib Shack Corporate, ensuring a smooth transition for the new owner. Royalties are 5% of sales, and national marketing fees are 2%. This presents a rare chance to acquire a profitable, established business at a fraction of the cost of a new build. Financing options may be available for qualified buyers. The sale does not include inventory. Detailed equipment list available upon request.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8639

Longitude

-78.5707

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