0Covington, GA 30014

Property Details

Year built

2009

Property size (Sq ft)

2,450 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This established Shane's Rib Shack franchise in Covington, GA, presents a lucrative investment opportunity. Boasting over $1,012,997 in gross revenue and a cash flow of $93,438, this 2,450 square foot restaurant offers significant earning potential. The asking price is $225,000, and the sale includes all existing equipment, a fully staffed and trained team, and the established brand recognition of Shane's Rib Shack. The lease, currently at $5,723 per month, expires November 30, 2024, with options available. Built in 2009, the restaurant features extensive kitchen equipment including multiple fryers, ovens, smokers, refrigeration units, and ample prep space. Front-of-house includes seating for customers with tables, booths, and chairs. The business is an asset sale, and inventory is not included in the asking price. Seller financing is not available. This turnkey operation provides immediate income generation and the benefit of a well-known brand, minimizing the risks associated with starting a new business. The franchise is fully equipped to meet current brand standards and will be transferred in excellent condition. The current team is experienced and trained to ensure a smooth transition for the new owner. This is a rare opportunity to acquire a profitable, established franchise with a strong track record. The business employs 16 people.

Location Insight

City

Covington

County

Newton

State

Georgia

Latitude

33.6081

Longitude

-83.8263

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