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