- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$474K - $4.1M
- Units as of 2017
-
50 25% over 3 years
Company Overview
The company began franchising in 1997, and new locations continue to use vintage cars in their decor. The menu includes chicken wings, steaks, hamburgers, sandwiches, salads, ribs, appetizers, desserts and more.
About Quaker Steak & Lube
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants |
Founded | 1974 |
Parent Company | TravelCenters of America |
Leadership | Thomas O'Brien, CEO |
Corporate Address |
24601 Center Ridge Rd. Westlake, OH 44145 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 1997 (27 years) |
---|---|
# of employees at HQ | 60 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 50 (as of 2017) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Quaker Steak & Lube franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$30,000 - $40,000 |
---|---|
Initial Investment
|
$473,500 - $4,106,000 |
Net Worth Requirement
|
$3,000,000 |
Cash Requirement
|
$500,000 |
Royalty Fee
|
5% |
Ad Royalty Fee
|
4% |
Term of Agreement
|
20 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 336 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 100-125 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Quaker Steak & Lube landed on this year's Franchise 500 Ranking versus previous years.
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