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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$474K - $4.1M
Units as of 2017
50 -25.4% 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
Founded
1974
Parent Company
TravelCenters of America
Leadership
Thomas O'Brien, CEO

Franchising Overview

Franchising Since
1997 (24 years)
# of employees at HQ
60
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
50 (as of 2017)

Franchisor Information

Corporate Address
24601 Center Ridge Rd.
Westlake, OH 44145

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
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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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021