Asking Price: $589,000

Gross Revenue: $100,000

Gross Revenue Comments: 2 Open Locations Only

Cash Flow: $125,000

Cash Flow Comments: 2 Open Locations Only

FF&E: $495,000 (Included in Asking Price)

Seller Financing: Owner will not finance any portion of this purchase. An SBA lender has already approved the build out funding and it may be available for qualified buyer

Two income producing locations and the franchise rights to five additional stores will make you one of the largest franchisees of this Raving Brands Concept. Rights in Georgia are sold out so getting your hands on one store is a “sticky” situation but landing this incredible seven store package is unheard of. Two units are already up and operating while five more franchise fees are already paid on your behalf.  These owners are seasoned professionals that bargained hard for these locations and rights. They believe strongly in this brand and had no intention of selling. They acquired these stores for growth and long term belief in the brand but they also have a second franchise investment and unexpectedly received master franchise rights for the entire state.  Their smart investment to secure a mini chain within a successful franchise is now an opportunity for you to own a first class opportunity from the ground floor. 
Two existing stores already operating are in great locations with first class build outs!  SBA financing for build out already in place so an individual with strong financials can step right into their growth plan.  
Shane’s Rib Shack fulfills the brand’s promise that “It's Gonna Get Messy." Messy barbeque smoked onsite is the winning premise of this hotter than hot Raving Brands franchise. Two existing locations have gorgeous build out of the latest décor package plus patios in exclusive Georiga county supported by a strong demographic mix heavy in families and six figure household incomes. Built right in the middle of strong growth in business and residential addresses.   Both locations have plenty of room both to order and create the signature BBQ recipes originally created by Shane. This national franchise concept is a proven winner.  
Catering BBQ for groups is a great addition to the sales line and both stores are in the right location for an aggressive owner/operator to secure relationships and contacts to grow the catering business for additional sales and profits.
EARNINGS: Sales of more than $1,000,000 for this two store package can return income to an owner/operator of approximately $125,000 based on YTD 2008 results.     
RENT: Very good leases in place for five years with five year options to extend secure the future of these locations.   Location one has a monthly lease amount of $4215 including CAMS while the second location is $6743 per month.
This is a confidential listing so all inquiries must be accompanied by a financial statement as well as a nondisclosure agreement before we can reveal the exact locations.
WEBSITE: www.shanesribshack.com
PRICE FOR BUNDLE OF BOTH EXISITNG LOCATIONS AND FRANCHISE RIGHTS TO FIVE ADDITIONAL LOCATIONS: $589,000
Contact Eric Gagnon 404-593-4193 or eric@wesellrestaurants.com Listing # E8500

Year Established: 2004

Employees: 6 full time - 10 part time

Franchise: Yes

Facilities: Two existing locations have gorgeous build out of the latest décor package plus patios in exclusive Georiga county supported by a strong demographic mix heavy in families and six figure household incomes. Built right in the middle of strong growth in business and residential addresses.   Both locations have plenty of room both to order and create the signature BBQ recipes originally created by Shane

Market Outlook and Competition: Excellent

Management Training and Support: Owner and franchise will ensure smooth transition and start up

Reason For Selling: hese owners are seasoned professionals that bargained hard for these locations and rights. They believe strongly in this brand and had no intention of selling. They acquired these stores for growth and long term belief in the brand but they also have a second franchise investment and unexpectedly received master franchise rights for the entire state.  Their smart investment to secure a mini chain within a successful franchise is now an opportunity for you to own a first class opportunity from the ground floor