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Rates
Shanes Rib Shack

Shanes Rib Shack

The total investment to open a Shanes Rib Shack franchise ranges from $363,000 to $558,000. The initial franchise fee is $30,000. Ongoing royalties are 5% plus a 2% advertising fee.

What is the Shanes Rib Shack franchise?

Shanes Rib Shack is a full service restaurant franchise built around authentic, slow smoked barbecue and a Southern hospitality tradition. Its menu centers on ribs, smoked chicken, and other classic barbecue dishes prepared from time honored recipes. The concept began with a clear goal: create a place where families and friends could gather for carefully prepared food in a welcoming setting. Barbecue is central to the brand identity and requires patience, skill, and attention to tenderness and smoky flavor. Shanes Rib Shack emphasizes authentic preparation and consistent quality, which supports a loyal customer base and gives the franchise a distinct position in the food service industry.

Each location offers a sit down dining experience designed to provide more than a simple transaction. The brand focuses on warmth, community, and customer satisfaction while serving barbecue alongside a range of savory sides and desserts. This menu variety gives guests several choices while preserving barbecue as the central specialty. The concept appeals to a broad group of consumers who value quality, flavor, and a comfortable dining atmosphere, and its full service format helps distinguish it from more limited restaurant models.

Shanes Rib Shack operates in the full service restaurant sector, where barbecue has continued popularity across diverse regions. That broad interest supports the concept's appeal within a competitive food service market. Locations are positioned as welcoming local establishments where guests can enjoy familiar barbecue staples, gather with family and friends, and receive a consistent dining experience.

Loan Activity Score

26/100

SBA Default Rate

18.6%

Active Lenders

18

According to its Franchise Disclosure Document or public business records, Shanes Rib Shack has 33 locations, all owned by franchisees. Public SBA loan records show 18 lenders made 43 loans to franchisees of Shanes Rib Shack. PeerSense calculates Shanes Rib Shack's score as 26 out of 100, using public SBA loan performance and recent lending activity.

Franchising since 2002 · 33 locations

Investment

$363,000 to $558,000

Franchise Fee

$30,000

Total Units

33

33 franchised

Loan Activity Score
High
26
SBA Lending
1
Lender Quality
11
Transparency
4
Reach
7
Momentum
3

Proprietary PeerSense metric

Limited
Capital Sources
18SBA lenders

Distinct lenders in public SBA records for Shanes Rib Shack

43

Total SBA loans

$346K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Shanes Rib Shack

Loan Activity Score Breakdown

Established (25 to 99 loans)

High Confidence
26out of 100
Limited
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety1/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence11/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency4/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint7/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

18.6%

vs 10.3% peer avg

SBA Loans

43

Total Volume

$14.9M

Active Lenders

18

3 selective

States

8

vs. SBA Sector Average

-8.3%higher default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Data Insights

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

SBA Default Rate

18.6%

8.3% above peer avg

SBA Loan Volume

43 loans

Across 18 lenders

Lender Diversity

18 lenders

Avg 2.4 loans per lender

Investment Tier

Significant investment

$363,000 to $558,000 total

Payment Estimator

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

Estimated Monthly Payment

$3,758

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Shanes Rib Shack, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Shanes Rib Shack

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman