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Shanes Rib Shack

Shanes Rib Shack

Franchising since 2002 · 33 locations

The total investment to open a Shanes Rib Shack franchise ranges from $363,000 - $558,000. The initial franchise fee is $30,000. Ongoing royalties are 5% plus a 2% advertising fee. Shanes Rib Shack currently operates 33 locations (33 franchised). PeerSense FPI health score: 26/100.

Investment

$363,000 - $558,000

Franchise Fee

$30,000

Total Units

33

33 franchised

FPI Score
High
26

Proprietary PeerSense metric

Limited
Capital Partners
18lenders available

Active capital sources verified for Shanes Rib Shack financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

Established (25-99 loans)

High Confidence
26out of 100
Limited

SBA Lending Performance

SBA Default Rate

18.6%

8 of 43 loans charged off

SBA Loans

43

Total Volume

$14.9M

Active Lenders

18

States

8

Top SBA Lenders for Shanes Rib Shack

What is the Shanes Rib Shack franchise?

The Shanes Rib Shack franchise represents a compelling opportunity within the vibrant full-service restaurant sector, offering a distinctive culinary experience centered around authentic, slow-smoked barbecue. Rooted in a tradition of genuine Southern hospitality and time-honored recipes, this brand has carved out a special niche, appealing to a broad demographic of consumers who appreciate quality, flavor, and a welcoming dining atmosphere. From its humble beginnings, the vision was clear: to create a place where families and friends could gather to enjoy meticulously prepared ribs, smoked chicken, and other classic barbecue staples, all served with a commitment to excellence. The brand’s identity is intrinsically linked to the art of barbecue, a culinary craft that demands patience, expertise, and a dedication to achieving perfect tenderness and a rich, smoky flavor profile. This focus on authenticity and a consistent, high-quality product is a cornerstone of the Shanes Rib Shack franchise model, ensuring a loyal customer base. Operating within the full-service restaurant category, Shanes Rib Shack distinguishes itself by providing a sit-down dining experience that goes beyond mere transaction, fostering a sense of community and warmth. The menu, while specializing in barbecue, is thoughtfully curated to offer variety, including a selection of savory sides and delectable desserts, ensuring that every guest finds something to savor. This comprehensive approach to dining, combined with a strong emphasis on customer satisfaction, positions the Shanes Rib Shack franchise as a beloved local establishment wherever it operates. The enduring popularity of barbecue across diverse regions underscores the inherent strength and broad appeal of the Shanes Rib Shack franchise concept within the highly competitive food service industry. The full-service

FPI Score

26/100

SBA Default Rate

18.6%

Active Lenders

18

Key Highlights

Data Insights

Key performance metrics for Shanes Rib Shack based on SBA lending data

SBA Default Rate

18.6%

8 of 43 loans charged off

SBA Loan Volume

43 loans

Across 18 lenders

Lender Diversity

18 lenders

Avg 2.4 loans per lender

Investment Tier

Significant investment

$363,000 – $558,000 total

Payment Estimator

Loan Amount$290K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$3,758

Principal & Interest only

Locations

Shanes Rib Shackunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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Shanes Rib Shack