Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Friendly Banners | |
| Investment | 1800000 - 3700000 | 450000 - 450000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4% |
| Advertising Fee | 3% | 2% |
| Year Founded | 1974 | 1989 |
| Year Franchised | 1997 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Friendly Banners | |
| 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 |
||
| Quaker Steak & Lube | Friendly Banners | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Quaker Steak & Lube | Friendly Banners | |
| Training | Available at headquarters: 8-10 weeks. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | ||
Expansion Plans |
||
| Quaker Steak & Lube | Friendly Banners | |
| 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 | British Columbia, Ontario | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Friendly Banners | 4% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Friendly Banners | 2% |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Friendly Banners | 1989 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Friendly Banners | 1989 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Friendly Banners | |
Business Experience Requirements |
|
| 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 |
| Friendly Banners | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Equipment | |
| Quaker Steak & Lube} | |
| Friendly Banners | |
| Inventory | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Receivables | |
| Quaker Steak & Lube | |
| Friendly Banners | |
| Payroll | |
| Quaker Steak & Lube | |
| Friendly Banners | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Friendly Banners | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Friendly Banners | |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Friendly Banners | |
| Operations | |
| Quaker Steak & Lube | |
| Friendly Banners | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Friendly Banners | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Friendly Banners | British Columbia, Ontario |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Friendly Banners | |