Start-Up Costs and Fees |
||
| Red Hot & Blue | Quaker Steak & Lube | |
| Investment | 380700 - 1000000 | 1800000 - 3700000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1988 | 1974 |
| Year Franchised | 1990 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Red Hot & Blue | Quaker Steak & Lube | |
| Experience | Industry 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 |
||
| Red Hot & Blue | Quaker Steak & Lube | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Red Hot & Blue | Quaker Steak & Lube | |
| Training | Available at headquarters: 8-10 weeks. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks, National media, Regional advertising | Co-op advertising, 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 |
||
| Red Hot & Blue | Quaker Steak & Lube | |
| 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 | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| Franchise Fee | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| Royalty Fee | |
| Red Hot & Blue | 5% |
| Quaker Steak & Lube | 5% |
| Advertising Fee | |
| Red Hot & Blue | |
| Quaker Steak & Lube | 3% |
| Year Founded | |
| Red Hot & Blue | 1988 |
| Quaker Steak & Lube | 1974 |
| Year Franchised | |
| Red Hot & Blue | 1990 |
| Quaker Steak & Lube | 1997 |
| Term Of Agreement | |
| Red Hot & Blue | 20 years |
| Quaker Steak & Lube | |
| Renewal Fee | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
Business Experience Requirements |
|
| Experience | |
| Red Hot & Blue | Industry 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 |
Financing Options |
|
| Franchise Fees | |
| Red Hot & Blue | No |
| Quaker Steak & Lube | No |
| Start-up Costs | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| Equipment | |
| Red Hot & Blue} | |
| Quaker Steak & Lube | |
| Inventory | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| Receivables | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| Payroll | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
Training & Support |
|
| Training | |
| Red Hot & Blue | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Support | |
| Red Hot & Blue | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Red Hot & Blue | Ad slicks, National media, Regional advertising |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Operations | |
| 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) |
| Quaker Steak & Lube | |
Expansion Plans |
|
| US Expansion | |
| Red Hot & Blue | |
| 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 |
| Canada Expansion | |
| Red Hot & Blue | |
| Quaker Steak & Lube | |
| International Expansion | |
| Red Hot & Blue | |
| Quaker Steak & Lube | Worldwide, |