Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Taechang Family | |
| Investment | 1800000 - 3700000 | 0 - 0 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 1974 | 1999 |
| Year Franchised | 1997 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Taechang Family | |
| 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 | Taechang Family | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Quaker Steak & Lube | Taechang Family | |
| 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 | Taechang Family | |
| 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 | |
| Taechang Family | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Taechang Family | |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Taechang Family | |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Taechang Family | 1999 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Taechang Family | 1999 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Taechang Family | |
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 |
| Taechang Family | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Equipment | |
| Quaker Steak & Lube} | |
| Taechang Family | |
| Inventory | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Receivables | |
| Quaker Steak & Lube | |
| Taechang Family | |
| Payroll | |
| Quaker Steak & Lube | |
| Taechang Family | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Taechang Family | |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Taechang Family | |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Taechang Family | |
| Operations | |
| Quaker Steak & Lube | |
| Taechang Family | |
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 |
| Taechang Family | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Taechang Family | 0 |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Taechang Family | |