000 For Owner Atlanta, GA 30307
- Retail properties
- 2,600 SF
Current Use by Public Records
- Retail properties
Property Details for 000 For Owner
- Year built
- 2006
- Property size
- 2,600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Shane's Rib Shack franchise in Atlanta, GA presents a compelling investment opportunity. Located in Fulton County (zip code 30307), this 2,600 square foot restaurant boasts impressive annual sales of $1.4 million, generating a substantial owner's earnings of $155,000. Built in 2006, the restaurant is fully equipped with all necessary equipment including ovens, prep tables, a BBQ smoker, shelving, seating, and smallwares. The lease, expiring January 30, 2029, is favorable at $15,118 per month and includes assignable options, providing long-term stability. The franchise offers comprehensive support, including training and ongoing guidance from the brand, with competitive royalties (5% of sales) and marketing fees (2%). The restaurant comfortably seats 80 patrons and features a hood system and in-ground grease trap. SBA financing is available for qualified buyers. This turnkey operation, with its established customer base and prime Atlanta location, offers a rare chance to acquire a thriving business with significant earning potential. The franchise has 16 employees and enjoys a strong reputation within the fast-casual dining market. The sale includes all existing equipment and the transfer of the franchise agreement for a nominal $15,000 fee.
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
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3485
- Latitude
- 33.7584
