Rib Shack Franchise For Sale In Atl Mkt. Atlanta, GA 30307
- Retail properties
- 3,150 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Rib Shack Franchise For Sale In Atl Mkt.
- Year built
- 2006
- Property size
- 3,150 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.3485
- Latitude
- 33.7584
