(RestaurantNews.com) Shuckin’ Shack Oyster Bar, the regional seafood and spirits favorite, continues its expansion in Q4 of 2017. With locations slated to open in Durham, NC (mid October), Cary, NC (late October), and Leland, NC (late December), Shuckin’ Shack is galvanized to continue success moving into the teens in number of units across NC, SC, TN, and MD. Additionally, Shuckin’ Shack will expand into its fifth state in early 2018, with an opening in Statesboro, GA.
Having proven itself with remarkable year-over-year growth beginning in 2007, Shuckin’ Shack’s success can be attributed to a simple menu, lower than average labor, and a manageable footprint (1,600-2,800 sqft). “Comparatively speaking, we’re rather new to the restaurant game,” says CEO Jonathan Weathington, “but we believe that we have an established market presence, manageable investment, and fun concept destined for tremendous profitability.”
That manageable investment is perhaps the most attractive advantage to the growing concept. With an average unit volume exceeding $1.1 Million, and an average investment being in the $350k range, Shuckin’ Shack’s Asset-Turnover ratio more than doubles the industry average. Add this dollars and cents analysis to a niche concept with little competition and the brand is well-positioned for long-term success. “And we’re not a tired brand serving the same things,” Weathington later adds.
If you are interested in finding out more about Shuckin’ Shack Oyster Bar and their continued growth, please visit http://ownashuckinshack.com.
Director of Franchise Sales