Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Ruby Tuesday | |
| Investment | 1800000 - 3700000 | 1559650 - 3877400 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4% of gross sales |
| Advertising Fee | 3% | 1.5% of gross sales |
| Year Founded | 1974 | 1972 |
| Year Franchised | 1997 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Ruby Tuesday | |
| 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 | Ruby Tuesday | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Quaker Steak & Lube | Ruby Tuesday | |
| 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 | Ruby Tuesday | |
| 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 | |
| Ruby Tuesday | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Ruby Tuesday | 4% of gross sales |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Ruby Tuesday | 1.5% of gross sales |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Ruby Tuesday | 1972 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Ruby Tuesday | 1997 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
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 |
| Ruby Tuesday | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Equipment | |
| Quaker Steak & Lube} | |
| Ruby Tuesday | |
| Inventory | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Receivables | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
| Payroll | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Ruby Tuesday | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Ruby Tuesday | |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Ruby Tuesday | |
| Operations | |
| Quaker Steak & Lube | |
| Ruby Tuesday | |
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 |
| Ruby Tuesday | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Ruby Tuesday | 0 |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Ruby Tuesday | |