Rib Shack Bbq Restaurant For Sale In Ellijay, GA 30540
- Retail properties
- 4,284 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Rib Shack Bbq Restaurant For Sale In
- Property size
- 4,284 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ellijay
- County
- Gilmer
- State
- Georgia
- Longitude
- -84.4893
- Latitude
- 34.6603
