Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Ground Round I.O.C. | |
| Investment | 1800000 - 3700000 | 995000 - 1800000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 3.50% |
| Advertising Fee | 3% | |
| Year Founded | 1974 | 1969 |
| Year Franchised | 1997 | 1970 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Ground Round I.O.C. | |
| 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 | Ground Round I.O.C. | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Quaker Steak & Lube | Ground Round I.O.C. | |
| 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 | Ground Round I.O.C. | |
| 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 | 0 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Ground Round I.O.C. | 3.50% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Ground Round I.O.C. | |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Ground Round I.O.C. | 1969 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Ground Round I.O.C. | 1970 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | 10 years |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | 50% of current royalty fee |
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 |
| Ground Round I.O.C. | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Equipment | |
| Quaker Steak & Lube} | |
| Ground Round I.O.C. | |
| Inventory | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Receivables | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
| Payroll | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Ground Round I.O.C. | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Ground Round I.O.C. | |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Ground Round I.O.C. | |
| Operations | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | |
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 |
| Ground Round I.O.C. | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Ground Round I.O.C. | 0 |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Ground Round I.O.C. | |