Shane's Rib Shack Takes On Real Estate Burden

Shane’s Rib Shack is offering a buy-back option to franchisees who own their restaurant’s real estate, but would like to switch to leasing. The company says that in this economy, it is easier to convert existing real estate to franchised rib shacks.

Parent-company Petrus Brands is launching a real estate buy-back option for existing franchisees who currently own a quick service restaurant and the real estate, but would rather move to a leasing model. Petrus Brands, in collaboration with a real estate development partner, will step in and convert the brand to a Shane's Rib Shack and acquire the real estate. The cost to convert existing real estate is significantly lower and takes less time to construct as compared to other quick-service concepts. When using this model, Shane's is able to keep costs low because of its flexibility with store design. - QSR Magazine

That's very big of Shane's, don't you think?