SHUCKIN’ SHACK FRANCHISE OPPORTUNITY
F-2599

Shuckin’ Shack Oyster Bar seeks to bring to their guests the coastal vacation experience, including great seafood, delicious cold drinks, and exceptional service. They are the leader in the industry of the casual, coastal lifestyle with the highest quality products and incredible customer loyalty.

They believe that their ‘lifestyle brand’ works in nearly every market – with a high focus on inland sub-markets with a clientele that may only visit the coast once per year. Their vision for the Midwest is to be the premier Seafood Restaurant and change the perception of inlanders of what great seafood can be.

Franchise Benefits:
• 120 years of experience in restaurant, hospitality, and seafood industries
• Simplified systems of operations, including a single page menu
• Consistent, American-Sourced Products that provide the highest quality food available
• A supply-chain driven approach that includes multi-brand purchasing power
• Proactive commodity buying, including annual purchase contracts to eliminate variable costs
• Intense focus on customer satisfaction, product integrity, and sustainable growth

Financial Summary:

AVERAGE FRANCHISE UNIT
Open 18 months or More
TOTAL SALES$1,231,840
COST OF GOODS SOLD + LABOR$786,115
GROSS PROFIT$445,725
OTHER EXPENSES
     Utilities$39,270
     Professional Fees$9,174
     Advertising/Apparel$15,954
     Rent and Occupance$45,890
     Other Expenses$77,811
TOTAL OTHER EXPENSES$188,100
      TOTAL OPERATIONAL EXPENSES$974,214
     EBITDA FROM OPERATIONS$257,626
CORPORATE COLLECTIONS Depending on age of franchise
     Royalties in Year 1$36,955.20 (3%)
     Royalties in Year 2$49,273.60 (4%)
     Royalties in Year 3+$61,592.00 (5%)
     National Marketing Fund$18,477.60 (1.5%)
TOTAL CORPORATE COLLECTIONS$55,432 - $80,069
EBITDA FROM OPERATIONS MINUS CORPORATE COLLECTIONS$177,556 - $202,192

 

 

DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
www.keatepartners.com
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