As a franchisee, you will operate a QUAKER STEAK & LUBE Restaurant featuring a varied menu of chicken wings, chicken, hamburgers, salads, steaks, a retail area, and a full-service bar with a distinctive motor theme trade dress in a family fun casual dining atmosphere. You will be required to sign both a franchise agreement and an area development agreement.
Company Background
When you join the Quaker Steak & Lube(R) team, you're not just joining a restaurant company. You're joining a family of more than 200 restaurants and over 100 franchisees that have been building memories and friendships since 1974. We are proud to be America's first wing restaurant and we keep that heritage alive with our famous wings, burgers, steaks, salads and so much more! Whether you want to own your own Quaker Steak & Lube(R) location or become part of the brand as an employee, we welcome new members into this family every day.
Franchise Opportunity
Owning and operating a successful restaurant is hard work. You need to have a great menu, an inviting atmosphere, and top-notch customer service. Running a restaurant can be incredibly time consuming and frustrating. You're always working on new menus, trying to keep up with changing trends, and dealing with unhappy customers. Quaker Steak & Lube is here to help. As a franchisee, you will operate a Restaurant featuring our varied menu of chicken wings, chicken, hamburgers, salads, steaks, a retail area, and a full-service bar with our distinctive motor theme trade dress in a family fun casual dining atmosphere. We'll help you keep your restaurant running smoothly so you can focus on what's important - providing your guests with an amazing dining experience.
Corporate Structure
QSL Franchise Systems LLC is a Maryland limited liability company that was formed on March 24, 2016. Their principal business address is 24601 Center Ridge Road, Westlake, Ohio 44145-5634. QSL is a wholly owned subsidiary of TravelCenters of America Holding Company LLC, a Delaware limited liability company.
Investment and Franchisee Fees
The total investment necessary to begin operation of a QUAKER STEAK & LUBE® Restaurant is from $1,346,000 to $3,566,000. This includes payment to the franchisor and/or an affiliate of $80,000 to $110,000 for each Restaurant. The typical Restaurant is between 4,000 and 6,500 square feet. The total investment necessary to begin operation of an Ancillary Facility is from $463,500 to $1,163,500. This includes payment to the franchisor and/or an affiliate of $54,000 to $71,000 for each Ancillary Facility. An Ancillary Facility is a separate food service facility within a non-traditional area such as an amusement park, fair, stadium, arena, concession trailer, university, college, food court, travel plaza and airport. Ancillary Facilities typically offer a limited menu and/or over-the-counter service with limited or no table service. Ancillary Facilities are typically under 4,000 square feet.
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 2% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Management Team
#
Name
Position
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Quaker Steak & Lube Franchisees
Quaker Steak & Lube Franchise System Development in 2018
FAQ
How much investment do I need to start my own Quaker Steak & Lube business?
Franchisees typically require at least
$1,346,000 to
$3,566,000 investment to get their
Quaker Steak & Lube business started
What are the initial franchise fees for Quaker Steak & Lube?
Franchisees typically need to pay at least
$80,000 in fees directly to
Quaker Steak & Lube in order to earn the right to launch their business
How much money can I make with a Quaker Steak & Lube franchise? What are
the average revenues for a typical Quaker Steak & Lube business?
We haven’t done the math on how much revenue a typical
Quaker Steak & Lube brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$0 revenue, so we would expect
Quaker Steak & Lube to generate a similar amount
How long do I need to commit to running a Quaker Steak & Lube unit? What
is my contractual commitment?
Quaker Steak & Lube franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
6 /10
The Franchisor's investment costs ranges from
$378,270 to $1,638,554
which is
Much Lower
than the $931,012 to $1,843,346 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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