Shane’s Rib Shack, a Petrus Brands concept, is extending its ownership opportunities. With the launch of a new social community, Own-A-ShanesRibShack.com, Shane’s Rib Shack is moving outside its typical franchise model and is seeking qualified candidates to become an owner/operator of a Shane’s Rib Shack restaurant. Shane’s will also continue to offer its traditional franchise model.
The Owner/Operator Model eliminates the financial barriers of established net worth, liquidity, and the ability to secure financing to cover store development costs. With this model, general managers who have extensive experience managing restaurants have an opportunity to become owners. All owner/operators will receive a competitive base salary and benefits, plus a share of the profits.
“I will be the first to tell you franchising is not for everyone, particularly in a tight economic market,” says Shane Thompson, founder and president of Shane’s Rib Shack. “However, there are a great many qualified candidates in the market today who with no financial barriers, could make great restaurant owners. This new model makes it possible for them to own and operate their own business with only a $10,000 investment. This may be the best opportunity in the fast casual market today.”
Initially open to potential owner/operators in the Washington D.C. and Northern Virginia area, interested candidates can register at www.own-a-shanesribshack.com to review more details, answer a few questions, and provide their resumes for consideration. Each candidate should have at least two years of restaurant experience in a managerial role and be capable of contributing an investment of up to $10,000 to start their own Shack.