Current Use by Public Records
- Retail properties & Spaces
Property Details
- Year built
- 2019
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving Shane's Rib Shack franchise in Macon, Georgia, presents a remarkable investment opportunity. Boasting a prime location and a strong track record, this established restaurant offers a turnkey operation with significant growth potential. The 2,800 square foot space, built in 2019, comes fully equipped with a comprehensive array of commercial kitchen equipment, including multiple fryers, smokers, ovens, refrigeration units, and a walk-in cooler/freezer. The restaurant also features ample seating, including booths and tables, and is equipped with a POS system and printers. The current lease, expiring December 31, 2029, includes two five-year renewal options, offering long-term stability. Monthly rent is $8,621, inclusive of CAMs, taxes, and insurance. The business currently generates projected annual sales of $891,000, with potential for increased revenue under dedicated ownership. A trained staff of 13 employees is in place, ensuring a smooth transition. A one-time training and transfer fee of $15,000 covers comprehensive franchise training. Royalties are 5% of sales, and national marketing fees are 2%. This is a rare chance to acquire a profitable, established restaurant with a proven brand and substantial upside. The asking price is $150,000. Seller financing is not available. Inventory is not included in the asking price.
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
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.7271
- Latitude
- 32.9306
