Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Symposium Cafe | |
| Investment | 1800000 - 3700000 | 625000 - 675000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1974 | 1996 |
| Year Franchised | 1997 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Symposium Cafe | |
| 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 | Symposium Cafe | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Quaker Steak & Lube | Symposium Cafe | |
| Training | Available at headquarters: 8-10 weeks. | 3 full months of training for up to three individuals at an existing Symposium Cafe location. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | A transition tutor is assigned to directly assist you on a regular basis in your restaurant franchise for a period of 10 weeks. This tutor works closely with you through the opening stages of your cafe, the day-to-day operating systems and procedures to ensure a successful start-up of your restaurant. This program is designed to strengthen and build the Franchise operators commitment to our proven systems. Our unique 10 weeks in-store program is crucial to building your team, establishing a strong customer base, growing restaurant sales and operating a successful Symposium Cafe franchise. The field consulting team provides ongoing support and training through restaurant visits and coaching. They ensure all Symposium Cafe systems, specifications and standards are in place to drive consistent operations and profitable sales. Professional operations staff makes ongoing visits to your restaurant to hear any concerns you may have. They'll also conduct restaurant audits, which expose areas of concern within your operation. Our regional managers work with our Franchisees to develop action plans to correct and eliminate any problems uncovered. |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | ||
Expansion Plans |
||
| Quaker Steak & Lube | Symposium Cafe | |
| 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 | Ontario | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Symposium Cafe | 4% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Symposium Cafe | 1% |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Symposium Cafe | 1996 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Symposium Cafe | 2004 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
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 |
| Symposium Cafe | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Equipment | |
| Quaker Steak & Lube} | |
| Symposium Cafe | |
| Inventory | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Receivables | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
| Payroll | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Symposium Cafe | 3 full months of training for up to three individuals at an existing Symposium Cafe location. |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Symposium Cafe | A transition tutor is assigned to directly assist you on a regular basis in your restaurant franchise for a period of 10 weeks. This tutor works closely with you through the opening stages of your cafe, the day-to-day operating systems and procedures to ensure a successful start-up of your restaurant. This program is designed to strengthen and build the Franchise operators commitment to our proven systems. Our unique 10 weeks in-store program is crucial to building your team, establishing a strong customer base, growing restaurant sales and operating a successful Symposium Cafe franchise. The field consulting team provides ongoing support and training through restaurant visits and coaching. They ensure all Symposium Cafe systems, specifications and standards are in place to drive consistent operations and profitable sales. Professional operations staff makes ongoing visits to your restaurant to hear any concerns you may have. They'll also conduct restaurant audits, which expose areas of concern within your operation. Our regional managers work with our Franchisees to develop action plans to correct and eliminate any problems uncovered. |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Symposium Cafe | |
| Operations | |
| Quaker Steak & Lube | |
| Symposium Cafe | |
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 |
| Symposium Cafe | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Symposium Cafe | Ontario |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Symposium Cafe | |