Where fun people come to make some serious shuckin’ money
Where fun people come to make some serious shuckin’ money
HOW MUCH WILL A Shuckin’ Shack Bar and Grill Franchise COST?
Our current franchise owners love every minute of owning a Shuckin’ Shack seafood restaurant. As if that wasn’t enough, they’re currently enjoying a 266% sales-to-investment percentage! Here are the cold, hard numbers behind the Shuckin’ Shack franchise ownership investment.
$471,750 – $1,416,420
Investment
HOW MUCH WILL A Shuckin’ Shack Bar and Grill Franchise COST?
Our current franchise owners love every minute of owning a Shuckin’ Shack seafood restaurant. As if that wasn’t enough, they’re currently enjoying a 266% sales-to-investment percentage! Here are the cold, hard numbers behind the Shuckin’ Shack franchise ownership investment.
STARTING INVESTMENT
AVERAGE NET SALES*
Average Net Profit + Owner Salary
*As referenced in the Shuckin Shack 2022 Franchise Disclosure Document Item 19: Table 23 + Table 24 Mean NET + OWNERS SALARIES
INVESTMENT BREAKDOWN
| TYPE OF EXPENDITURE | LOW | HIGH |
|---|---|---|
| Initial Franchise Fee | $65,000 | $65,000 |
| Training and Opening Fee | $10,000 | $10,000 |
| Construction and Leasehold Improvements | $232,000 | $803,540 |
| Lease Deposits and Rent – 3 Months | $10,000 | $30,000 |
| Furniture, Fixtures and Equipment | $103,000 | $332,353 |
| Signage | $1,400 | $21,954 |
| Computer, Software and Point of Sales System | $8,600 | $14,750 |
| Grand Opening Marketing | $1,500 | $7,800 |
| Initial Inventory | $15,000 | $16,500 |
| Utility Deposits and Miscellaneous Opening Costs | $1,000 | $20,432 |
| Insurance Deposits – Three Months | $750 | $9,000 |
| Travel for Initial Training | $700 | $8,000 |
| Professional Fees | $1,000 | $2,500 |
| Licenses and Permits | $1,800 | $24,591 |
| Additional Funds – Three Months | $20,000 | $50,000 |
| TOTAL | $471,750 | $1,416,420 |
HOW MUCH MONEY CAN I MAKE?
(SHOW ME THE SHUCKIN’ MONEY)
As a franchise owner of the BEST (and probably only) new oyster bar in town, the possibilities for profitability are limitless.
Average Gross Sales of Locations Over 2,000 Sq. ft
*Refer to 2022 Franchise Disclosure Document Item 19- Table 6
FUND YOUR SHUCKIN’ SHACK FRANCHISE DREAMS WITH BENETRENDS
Funding Assistance is Now Available
Don’t spend another minute of your career as a crew member when you can be the captain! Benetrends, the nation’s leading small-business funding organization, has partnered with Shuckin’ Shack to help new Franchise Owners finance their dreams now instead of later.
Qualifying candidates can choose from a variety of supplemental small-business funding programs to find the plan that best fits their individual financing needs, including:
THE RAINMAKER PLAN IRA ROLLOVER
- Safe and proven plan with no debt, no penalties, and no upfront taxes
- Quick, 4-step process with secure, fast funding
SBA SMALL BUSINESS LOAN PROGRAMS
- Experienced, expert loan matching by one of the most successful SBA departments in the industry
- Over 97% success rate in securing SBA loans
- Backed by Benetrends Money-Back fee guarantee*
Find out if you qualify!
You May Pre-Qualify For
Based on the information you entered, our pre-qualification estimator has determined the possible amount of funding you may qualify for above, as well as a further breakdown of funding options in the chart below. This total amount is estimated based on all available options, including cash, retirement funds, stocks and bonds, plus an estimated SBA loan amount.
Additional factors may impact the amount of funding available, and not all funding options can be used in combination. Please consult with a representative to discuss your individual situation and confirm actual results.
$1,250,000RAINMAKER 401(K) PLAN |
$7,875,000SBA LOAN
|
$875,000SBLOC
|
|
| TIME TO FUND | 10 - 20 business days | 30 - 60 business days | 10 business days |
| TERM | none | 7 - 10 years | Revolving |
| INTEREST RATES | none | Prime + 2.75% | Variable |
| MONTHLY PAYMENTS | $0 | Principal + Interest | Interest Only |
*Although you may not have qualified based on the inputs provided, there are certain situations where you may still be eligible for this program or other programs. We recommend speaking with your local consultant to give you a more accurate prequalification.
This tool is intended to be used for educational purposes. Results should not be deemed definitive or regarded as a promise or final determination of funding. It is an estimate based on the information provided to us, and therefore must be validated for accuracy. Some factors which could impact this amount include: liquid assets available after closing, outside or secondary source of income, applicable or transferable management skills and the ability to satisfy SBA collateral requirements.
*Exclusions apply. Please consult with our funding experts for full details.
**SBA Loan Money-Back Fee Guarantee: If Benetrends accepts your application for processing, we guarantee your application will be approved or we refund 100% of our fee.
***Once approved, a financial package will be needed for verification.
Make A Profit With A Bar and Grill Franchise
Owning a seafood restaurant franchise doesn’t have to break the bank
Shuckin’ Shack is one of the only seafood restaurant franchises to maintain million-dollar restaurants during the pandemic. Not only that, but our owners love being a part of Shuckin’ Shack and enjoying the 266% sales-to-investment ratio. If that isn’t enough, we’re here to support you and lead your business to success. You could even say we’re obsessed with it.
Take a look at the numbers and stop your search for the leading seafood franchise restaurants near you. Shuckin’ Shack could be your next business move!
See why locals and tourists alike love Shuckin’ Shack!
