Start-Up Costs and Fees |
||
| Golden Griddle | Quaker Steak & Lube | |
| Investment | 100000 - 450000 | 1800000 - 3700000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1964 | 1974 |
| Year Franchised | 1977 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Griddle | Quaker Steak & Lube | |
| Experience | General business experience | Quaker Steak & Lube is looking for franchise owners who will be passionate about the brand and philosophically aligned with our values and approach to operating a business. Criteria for a successful franchisee team: * Minimum $500,000 liquidity for single unit development and $1,000,000 liquidity for multi-unit development * Restaurant and/or operational experience * Strong understanding in executing Four-Walls and Local Marketing * Passion for guest service |
Financing Options |
||
| Golden Griddle | Quaker Steak & Lube | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Griddle | Quaker Steak & Lube | |
| Training | Available at headquarters: 8-10 weeks. | |
| Support | Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, National media, Regional advertising |
| Operations | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Golden Griddle | Quaker Steak & Lube | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| Franchise Fee | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| Royalty Fee | |
| Golden Griddle | 5% |
| Quaker Steak & Lube | 5% |
| Advertising Fee | |
| Golden Griddle | |
| Quaker Steak & Lube | 3% |
| Year Founded | |
| Golden Griddle | 1964 |
| Quaker Steak & Lube | 1974 |
| Year Franchised | |
| Golden Griddle | 1977 |
| Quaker Steak & Lube | 1997 |
| Term Of Agreement | |
| Golden Griddle | 10 years |
| Quaker Steak & Lube | |
| Renewal Fee | |
| Golden Griddle | |
| Quaker Steak & Lube | |
Business Experience Requirements |
|
| Experience | |
| Golden Griddle | General business experience |
| Quaker Steak & Lube | Quaker Steak & Lube is looking for franchise owners who will be passionate about the brand and philosophically aligned with our values and approach to operating a business. Criteria for a successful franchisee team: * Minimum $500,000 liquidity for single unit development and $1,000,000 liquidity for multi-unit development * Restaurant and/or operational experience * Strong understanding in executing Four-Walls and Local Marketing * Passion for guest service |
Financing Options |
|
| Franchise Fees | |
| Golden Griddle | No |
| Quaker Steak & Lube | No |
| Start-up Costs | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| Equipment | |
| Golden Griddle} | |
| Quaker Steak & Lube | |
| Inventory | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| Receivables | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| Payroll | |
| Golden Griddle | |
| Quaker Steak & Lube | |
Training & Support |
|
| Training | |
| Golden Griddle | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Support | |
| Golden Griddle | Internet, Security/safety procedures, Field operations/evaluations |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Golden Griddle | Co-op advertising, Ad slicks, Regional advertising |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Operations | |
| Golden Griddle | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Quaker Steak & Lube | |
Expansion Plans |
|
| US Expansion | |
| Golden Griddle | |
| Quaker Steak & Lube | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Golden Griddle | |
| Quaker Steak & Lube | |
| International Expansion | |
| Golden Griddle | |
| Quaker Steak & Lube | Worldwide, |