Current Use by Public Records
- Retail properties & Spaces
Property Details
- Year built
- 2009
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.8263
- Latitude
- 33.6081
