Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Golden Griddle | |
| Investment | 1800000 - 3700000 | 100000 - 450000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1974 | 1964 |
| Year Franchised | 1997 | 1977 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Golden Griddle | |
| 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 | General business experience |
Financing Options |
||
| Quaker Steak & Lube | Golden Griddle | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Quaker Steak & Lube | Golden Griddle | |
| 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 | Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, Ad slicks, 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 |
||
| Quaker Steak & Lube | Golden Griddle | |
| 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 | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Golden Griddle | 5% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Golden Griddle | |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Golden Griddle | 1964 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Golden Griddle | 1977 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Golden Griddle | 10 years |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Golden Griddle | |
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 |
| Golden Griddle | General business experience |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Equipment | |
| Quaker Steak & Lube} | |
| Golden Griddle | |
| Inventory | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Receivables | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| Payroll | |
| Quaker Steak & Lube | |
| Golden Griddle | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Golden Griddle | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Golden Griddle | Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Golden Griddle | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Quaker Steak & Lube | |
| 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) |
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 |
| Golden Griddle | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Golden Griddle | |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Golden Griddle | |