Shuckin’ Shack Oyster Bar
Bottom line
- Total investment $457K – $1.4M including a $45K franchise fee, 3.5% ongoing royalty.
- Average unit revenue of $1.3M/year (median $1.1M).
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 16 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Shuckin’ Shack Oyster Bar unit return on the cash you put in?
Unlevered ROIC · per unit
25%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Shuckin’ Shack Oyster Bar units return on equity?
Equity IRR · 5-yr
35.0%
4.49× MOIC
Year-1 DSCR
2.33×
EBITDA ÷ debt service
Equity required
$5.1M
on $14.5M purchase
Total debt
$9.3M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate casual seafood restaurants specializing in oysters and shellfish, managing front-of-house service, kitchen operations, inventory procurement, and local marketing. Day-to-day responsibilities include staff scheduling, food quality control, supplier relationships, and driving customer traffic through seasonal promotions and community engagement in protected territories.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Shuckin' Shack presents material profitability opacity, minimal system scale, escalating fee structure, and unresolved corporate financial stability concerns that demand comprehensive validation before commitment.
Score breakdown · what drove the 54 / 100 rating
- 01MEDNet income not disclosed in FDD — unable to assess true profitability despite $1.3M average revenue
- 02MEDOnly 18 units system-wide with unknown growth trajectory — suggests limited brand scale and unproven expansion model
- 03MINOREscalating royalty structure (3.5% → 5.5% by year 3) reduces profitability significantly after initial period
- 04MINORWide investment range ($456K–$1.4M) indicates high variability in unit economics and location-dependent performance
- 05HIGHGoing Concern status is FALSE — potential financial instability or recent restructuring at corporate level
- 06MEDHigh initial investment relative to disclosed average revenue creates extended breakeven risk
- 07MINORSeasonal restaurant category (oyster bar) with no mention of off-season mitigation strategies
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
18 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Shuckin’ Shack Oyster Bar · FDD (2025) PDF