Shack Shine franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.27 ↗

Franchise fees and ongoing costs

Franchise fee

$20,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

8% · 8% of Gross Revenue, paid semi-monthly (twice per month by EFT); subject to an annual Minimum Royalty

Marketing contribution

8% (basis not captured; see original filing)

Technology fee

Not captured

Other fees

Minimum Royalty $5,000-$8,000 per subterritory/year (whatever exceeds actual royalties paid); Branding Cooperative up to 5% of Gross Revenue (if established in franchisee's area); Payment Processor Application Fee 0.12% (up to 0.9%) of processed transactions

Working capital (FDD Item 7)

Item 7 discloses 'Additional Funds – 6 to 12 Months' of $45,000-$55,000 (not a 3-month figure) for initial operating expenses/working capital, covering employees, suppliers, and utilities; excludes owner's draw, personal expenses, royalty payments, and debt service.

Fees sourceFDD p.19 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.27 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Gross Revenue (total, average, median, high/low, top-25%/bottom-25% averages) and average Job Size, per franchisee and per-subterritory, reported separately for U.S. franchisees, Canadian franchisees, and combined U.S.+Canada

Reporting period

Calendar year 2024 (also a total 2023 Gross Revenue by country supplemental chart)

Sample

22 U.S. franchised businesses operating at least the last 12 months of 2024 (19 operating >24 months, 3 operating 12-24 months); 19 Canadian franchised businesses; 41 combined U.S.+Canada

Reported average

$538,867

Reported median

$419,190

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.52 ↗

Unit growth: Item 20

Reporting year

2024

Scope

franchised outlets

Starting outlets

31

Year-end outlets

23

Net change

-8

Derivation

ending minus starting outlets

Openings

1

Terminations

6

Non-renewals

2

Other closures

1

Reacquisitions

0

Transfers

1

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD · page not captured ↗

SBA loan history

Loan activity

8 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$150,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

5 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 2

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Shack Shine franchise cost?

standard (territory of 2-3 subterritories): $162,550 to $283,800 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $20,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.27 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Shack Shine owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Gross Revenue (total, average, median, high/low, top-25%/bottom-25% averages) and average Job Size, per franchisee and per-subterritory, reported separately for U.S. franchisees, Canadian franchisees, and combined U.S.+Canada. Sample: 22 U.S. franchised businesses operating at least the last 12 months of 2024 (19 operating >24 months, 3 operating 12-24 months); 19 Canadian franchised businesses; 41 combined U.S.+Canada. Period: Calendar year 2024 (also a total 2023 Gross Revenue by country supplemental chart).

Item 19 performance sourceFDD p.52 ↗

What's the SBA charge-off rate for Shack Shine?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 2. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $150,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 5 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗