Quaker Steak & Lube
Chicken wings, burgers, salads, steaks

About
Founded

1974

Franchising Since

1997 (21 Years)

Corporate Address

24601 Center Ridge Rd.
Westlake, OH 44145

CEO

Thomas O'Brien

Parent Company

TravelCenters of America

Financial Requirements
Initial Investment

$473,500 - $4,106,000

Net-worth Requirement

$3,000,000

Liquid Cash Requirement

$500,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $40,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

4%

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

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

On-The-Job Training:

336 hours

Number of Employees Required to Run:

100 - 125

Bio
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.

Cost
Initial Investment: Low - $473,500 High - $4,106,000
Units
-15.3%-9 UNITS (1 Year) -25.4%-17 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 16th, 2017
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