Rib Shack Franchise For Sale Raleigh, NC 27616
- Retail properties
- 3,462 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Rib Shack Franchise For Sale
- Year built
- 2006
- Property size
- 3,462 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5707
- Latitude
- 35.8639
