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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$474K - $4.1M
Units as of 2017
50 Decrease 25% over 3 years

Company Overview

In 1974, with gas prices rising and gas stations closing around the country, George "Jig" Warren III and Gary "Moe" Meszaros sought to preserve the culture of those old gas stations by opening Quaker Steak & Lube, a restaurant decorated with old muscle cars.

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 Information Circle
$30,000 - $40,000
Initial Investment Information Circle
$473,500 - $4,106,000
Net Worth Requirement Information Circle
$3,000,000
Cash Requirement Information Circle
$500,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
4%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
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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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 100-125
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Quaker Steak & Lube landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022