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.
$363,000 - $558,000
$30,000
33
33 franchised
Proprietary PeerSense metric
LimitedActive 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)
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
Franchise Financing Resources
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
Estimated Monthly Payment
$3,758
Principal & Interest only
Locations
Shanes Rib Shack — unit breakdown
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