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Initial Investment (Max)
Franchisee Fee (Min)
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QS&L is a Pennsylvania corporation that was incorporated on May 13, 1996 We do not do business under any other name Our pnncipal business address is 101 Chestnut Street, Sharon, Pennsylvania 16146 Our agents for service of process are disclosed in Exhibit E
Our parent company. Lube Holdings, Inc, is a Delaware corporation that was incorporated on Apnl 27, 2004, due to a conversion of Lube Holdings, LLC, and has a pnncipal business address of 101 Chestnut Street, Sharon, Pennsylvania 16146
In May of 1996, we began offenng franchises to establish and operate QUAKER STEAK & LUBE Restaurants under the Licensed Marks and the System pursuant to the terms of the Franchise Agreement and the Area Development Agreement The franchise offered is for the right to establish and operate full-service QUAKER STEAK & LUBE Restaurants (the "Restaurants") or Ancillary Facility as descnbed below The Restaurants will feature 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 casual dining atmosphere
You must pay us an initial franchise fee of $40,000, for each Classic II - Free Standing Restaurant, Conversion Restaurant (End-Cap, In-line or Free Standing) and Power Lube - Free Standing Restaurant, in a lump sum when you sign the Franchise Agreement T
QS&L does not offer direct or indirect financing We do not guarantee your loan, note, lease or obligation We do not know whether you will be able to obtain financing for all or part of your investment and, if so, the terms of the financing We do not receive direct or indirect payments for placing financing.
The financial performance representations in Table A were prepared internally by us and are in accordance with generally accepted accounting pnnciples in all material respects Written substantiation will be made available to you upon reasonable request Other than the following financial performance representation, Quaker Steak & Lube Franchising Corporation does not make any financial performance representations We also do not authorize our employees or representatives to make any such representations either orally or in writing If you are purchasing an existing outlet, however, we may provide you with the additional records of that outlet If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting our CEO, 101 Chestnut Street, Sharon, PA 16146, the Federal Trade Commission, and the appropnate state regulatory agencies.
