Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Red Hot & Blue | |
| Investment | 1800000 - 3700000 | 380700 - 1000000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1974 | 1988 |
| Year Franchised | 1997 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Red Hot & Blue | |
| 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 | Industry experience |
Financing Options |
||
| Quaker Steak & Lube | Red Hot & Blue | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Quaker Steak & Lube | Red Hot & Blue | |
| 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Marketing | Co-op advertising, National media, Regional advertising | Ad slicks, National media, Regional advertising |
| Operations | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 60 Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Quaker Steak & Lube | Red Hot & Blue | |
| 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 | |
| Red Hot & Blue | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Red Hot & Blue | 5% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Red Hot & Blue | |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Red Hot & Blue | 1988 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Red Hot & Blue | 1990 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Red Hot & Blue | 20 years |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
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 |
| Red Hot & Blue | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| Equipment | |
| Quaker Steak & Lube} | |
| Red Hot & Blue | |
| Inventory | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| Receivables | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| Payroll | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Red Hot & Blue | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Red Hot & Blue | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Red Hot & Blue | Ad slicks, National media, Regional advertising |
| Operations | |
| Quaker Steak & Lube | |
| Red Hot & Blue | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 60 Absentee ownership of franchise is NOT allowed. (80% 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 |
| Red Hot & Blue | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Red Hot & Blue | |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Red Hot & Blue | |