0 Rib Shack Franchise For Sale In Atl Mkt.Atlanta, GA 30307

Property Details for 0 Rib Shack Franchise For Sale In Atl Mkt.

Year built

2006

Property size (Sq ft)

3,150 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This established Shane's Rib Shack franchise in the Atlanta market (Gwinnett County, zip code 30307) presents a lucrative investment opportunity. The 3,150 square foot restaurant, built in 2006, boasts impressive financials: net sales exceeding $1.1 million, generating owner-operator earnings of $107,000. The asking price is $320,000, and SBA lending is available, requiring only a 20% down payment. The current lease, expiring March 30, 2025, includes two five-year renewal options and costs $8,550 per month (including base rent, CAMs, taxes, and insurance). The restaurant is fully equipped with all necessary equipment, including stoves, coolers, smallwares, BBQ smokers, and franchise branding. The franchise agreement includes training from the brand and ongoing support from Franchise Business Consultants. Royalties are 5% of sales, and marketing fees are 2% of sales. The restaurant has 80 seats and a proven track record in its current location. This turnkey operation offers immediate earnings potential and the backing of a well-known brand. The sale includes the use of the Shane's Rib Shack trademark, processes, and systems.

Location Insight

City

Atlanta

County

Gwinnett

State

Georgia

Latitude

33.7584

Longitude

-84.3485

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