0 Rib Shack Bbq Restaurant For Sale InEllijay, GA 30540

Property Details for 0 Rib Shack Bbq Restaurant For Sale In

Property size (Sq ft)

4,284 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Ellijay

County

Gilmer

State

Georgia

Latitude

34.6603

Longitude

-84.4893

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