• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Only
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

10 Things Every Prospective Franchisee Needs to Know About Shane’s Rib Shack

Last updated on December 17, 2011 by Franchise Chatter Leave a Comment
in Franchise Reviews, Restaurant Franchise

30 year food franchise industry veteran tells you what you need to know before investing in a food franchise.  Click here.

10 Things Every Prospective Franchisee Needs to Know About Shane’s Rib Shack

1.  Shane’s Rib Shack was founded in 2002 by husband and wife Shane and Stacey Thompson in rural McDonough, Georgia.  Shane left corporate America to start the new restaurant with his grandfather’s secret BBQ sauce. Since starting their franchise program in 2004, Shane’s Rib Shack has emerged as the country’s leading fast-casual BBQ concept, with more than 70 restaurants in 14 states, and with plans to open 12 to 15 new locations in the next year.  In 2009, the company was acquired by Petrus brands.

Shane's Rib Shack Franchise Photo by Dave Reasons



Learn Which Franchises Can Make You Rich
2.  Shane’s offers high-quality, Southern inspired BBQ in a comfortable, family-friendly environment. Shane’s proprietary smoking process and secret BBQ sauce allow the franchise to be portable, highly scalable, and adaptable to various real estate types.

America's Most Lucrative Franchises of the Year

Their menu includes bbq pork, chicken, and ribs, sandwiches, salads, chicken tenders, and wings. Sides include coleslaw, baked beans, french fries, fried okra, Brunswick stew, and collard greens.

The kids’ menu at Shane’s consists of chicken tenders, mac & cheese, a grilled cheese sandwich, and a kids’ burger, along with a choice of fries or a side salad and a drink. These options range from $3.99 to $4.59. Kids are also welcome to order small portions of Shane’s signature items from the regular menu.

An average lunch ticket at Shane’s is $8, while dinner is about $12.

Shane’s also offers complete catering services — from party platters, to box lunches, to full-catered meals for any occasion.

3.  Real estate has played a huge part in Shane’s Rib Shack’s success, so they’ve established a set of minimum standards and site selection guidelines. They have experienced commercial real estate brokers who can assist new franchisees in the site selection process, and a Shane’s representative must visit and evaluate any site selected to ensure that it meets franchise standards.


🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



💰How Much Franchise Can You Afford? Use Our Free Financial Calculator


4.  Shane’s has created an interior design plan that can be tailored to fit any approved location. Everything needed for the build-out, including furniture, fixtures, and equipment, are packaged and shipped to the location as part of the build-out process.  Shane’s can even assist in selecting a General Contractor.

5.  While Shane’s Rib Shack does not offer direct financing, they can recommend SBA and lending programs, as well as leasing options with Shane's Rib Shack Photo by Dave Reasonsthird-party sources, to qualified franchisees. Shane’s continues to build relationships with lenders to help cut down loan processing times. The common lending terms and conditions are:

  • Equity requirements range from 10% to 30% of project cost; $100k to $150k of liquid capital
  • Good personal credit score (650+)
  • Personal guarantee usually required
  • SBA looks for up to 100% collateral (ex. home equity, marketable securities, land)
  • Loan terms are generally up to 10 years
  • Banks look for management and/or restaurant experience
  • Secondary source of income important
  • Closing costs range from 2-4% of loan amount

6.  Shane’s Rib Shack uses National Procurement Resources — industry experts at managing distribution and purchasing for franchise systems. National Procurement Resources constantly updates the network on all aspects of purchasing and distribution, including contracts, rebates, etc.

7.  New franchisees receive at least 7 days of on-site training at the company’s flagship location in Georgia, plus an additional three weeks learning the ins and out of running the restaurant, including all aspects of business operations.

An opening team from the Shack will come to the franchisee’s location approximately 3 – 5 days prior to opening.  They will help ensure that all furniture and fixtures are in their appropriate place and that the equipment is working properly. The Shack Crew will also conduct an opening training course for the initial staff and teach the day-to-day operational policies and procedures.

Franchises Ranked by Average Revenues and Profits

Shane's Rib Shack Franchise Photo by mally.miles8.  Individual and multi-unit franchise opportunities are available in Florida, Georgia, Mississippi, Arkansas, Louisiana, Tennessee, South Carolina, North Carolina, Kentucky, Virginia, Ohio, West Virginia, Pennsylvania, New York, Massachusetts, Delaware, New Jersey, Connecticut, and Arizona.

9.  The initial franchise fee is $30,000, the ongoing monthly royalty is 5% of gross sales, and the monthly contribution to national advertising is 2% of gross sales.

10.  Part of the company’s vision is keeping it local and impacting communities. The Education Support Program started by Shane and Stacey encourages franchisees to support local school programs by making contributions, helping groups to raise money, providing a place for gatherings, and giving incentives — like free kids’ meal cards — for good grades.


🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



💰How Much Franchise Can You Afford? Use Our Free Financial Calculator





Franchise Winners and Losers Last Year

Tagged as: Shane's Rib Rack

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: A Possible Game Changer?: Smoothie King Launches New Lean1 Smoothie Line Created to Help Lose Fat, Curb Hunger, and Tone Muscle

Next post: Contest: CruiseOne Franchises to be Awarded to 5 Outstanding Current, Laid-Off or Retired Teachers Looking for a Second Chance at Success

Primary Sidebar

🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🚀 Daily FDD Talk Posts

QC Kinetix Franchise

Annex Brands Franchise

Steak ‘n Shake Franchise

Garage Force Franchise

Pet Butler Franchise

Kilwins Chocolates Franchise

Matco Tools Franchise

Firehouse Subs Franchise

Mr. Handyman Franchise

GarageExperts Franchise

Tropical Smoothie Cafe Franchise

Moe’s Southwest Grill Franchise

Tim Hortons Franchise

Toppers Pizza Franchise

Sonic Drive-In Franchise

Elements Massage Franchise

Wild Birds Unlimited Franchise

Qdoba Mexican Eats Franchise

Great Harvest Franchise

Snap-On Franchise

Mathnasium Franchise

Beef Jerky Experience Franchise

Ellie Mental Health Franchise

Miracle Method Franchise

LearningRx Franchise

Ellianos Coffee Franchise

The Patch Boys Franchise

Grasons Estate Sales Franchise

Style Encore Franchise

Music Go Round Franchise

Play It Again Sports Franchise

Plato’s Closet Franchise

Once Upon A Child Franchise

Jeremiah’s Italian Ice Franchise

The Maids Franchise

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Salon Suites Franchises

Best Property Management Franchises

Best Laboratory Services Franchises

Best Staffing/Recruiting Franchises

Best Real Estate Franchises

Most Profitable Franchises

Top Low Cost Franchises

Franchise Chatter uses affiliate links for Franchise Help and Franchise Brokers Association.

Franchise Chatter © 2022