Skrimp ShackFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Skrimp Shack franchise requires a total initial investment of $286K – $614K, including a $45K franchise fee. Per the 2021 FDD, average unit revenue was $796K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2021 FDD issuance
Overview
- Investment
- $286K – $614K
- 17th pct Service Resta…
- Avg gross sales
- $796K
- 6th pct Service Resta…
- Royalty
- N/A
- Units
- 32
- 32nd pct Service Resta…
- SBA default
- 16.7%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $286K – $614K including a $45K franchise fee.
- Average unit revenue of $796K/year (median $794K).
- Verdict A (Top Quintile) with a risk score of 48/100.
- System growing at 30.0% CAGR over 3 years with 32 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Skrimp Shack LLC
- Parent company
- None
- Incorporated in
- VA
- HQ
- 201A Dexter Street, Suite 103, Chesapeake, Virginia 23324
- Auditor
- Colby & Company, PLC
- Audited financials
- Franchisor revenue
- $1.4M
- vs $1.8M prior year
Overview
About
Franchisees operate casual seafood restaurants specializing in shrimp-based dishes, managing daily food preparation, customer service, inventory, and staff. Day-to-day operations involve food cost management, kitchen oversight, front-of-house service, and local marketing within their protected territory.
- CEO
- Kevin Harrison
- Headquarters
- VA
- Founded
- 2011
- FDD year
- 2021
- States available
- 4
FDD Item 7 · 2021 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $10K | $15K |
| Equipment, build-out, other | $231K | $554K |
| Total initial investment | $286K | $614K |
Source: Skrimp Shack 2021 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$88K
11.0% margin
Unlevered ROIC
19%
EBITDA / total invested capital
Payback
5.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $286K – $614K
- Better than avg vs category
- Liquid capital req'd
- $10K – $15K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- In the first year of operation, 7% of Gross Sales. In eac…
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $479 |
| Transfer fee | $27K |
| Renewal fee | $0 |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $796K
- Per unit, per year
- Median gross sales
- $794K
- Item 19 type
- Historical Financial Performance
- Sample size
- 19 units
- vs category median 13
- Range (low → high)
- $344K→$1.5M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Skrimp Shack Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 32
- Opened
- 4
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 81%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +30.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 2
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 7 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 7
- Loan volume
- $1.6M
- Median loan
- $130K
- 50th percentile
- Charge-off rate
- 16.7%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 83.3%
- 5-yr charge-off
- 20.0%
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Skrimp Shack's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 5 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Skrimp Shack presents caution-level risk due to regulatory violations, non-disclosed profitability metrics, stagnant unit growth, and aggressive royalty extraction on uncertain net margins.
Audited financials (Item 21)
Yes · Colby & Company, PLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 48 / 100 rating
- 01HIGHTwo regulatory settlements with Virginia SCC for selling unregistered franchises and FDD disclosure violations indicate compliance failures and potential fraud risk
- 02MEDNet income not disclosed in Item 19 prevents accurate ROI calculation; average revenue of $796k may not translate to reasonable profit margins for $286k-$614k investment
- 03MINOROnly 32 units with unknown growth trajectory suggests stagnant or declining system; no visibility into unit growth rate or franchisee retention
- 04MEDRoyalty structure (7% year 1, 6% thereafter) on ~$800k average revenue extracts $48k-$56k annually, creating cash flow pressure on undisclosed net income
- 05MINOR5-year term is shorter than industry standard (10 years), increasing renewal uncertainty and reducing franchisee investment protection
- 06MINORRegulatory history suggests potential ongoing compliance issues; unclear if additional violations exist or whether disclosure practices have improved
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Virginia |
| Litigation count | 2 |
Items 10, 11
Training & Operations
- Classroom training
- 43 hrs
- On-the-job training
- 322 hrs
- POS system
- NCR Silver or Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: NCR Silver or Toast
Item 20 · call current owners
Franchisee Contacts
29 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Skrimp Shack · FDD (2021) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Skrimp Shack franchise?
The total investment to open a Skrimp Shack franchise ranges from $286K – $614K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Skrimp Shack franchise owners earn?
According to Item 19 of the Skrimp Shack FDD, the average gross sales per unit is $796K. The median is $794K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Skrimp Shack's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Skrimp Shack (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Skrimp Shack franchise locations are there?
As of their most recent FDD filing, Skrimp Shack has 32 total units in the United States, including 20 franchised units and 6 company-owned units. 4 new units were opened in the latest reporting year.
Is Skrimp Shack a good franchise to buy?
FranchiseVerdict rates Skrimp Shack as a A-grade franchise with a risk score of 48 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.