Quaker Steak & Lube operates family-friendly casual dining restaurants with a motor-themed atmosphere featuring chicken wings, burgers, salads, steaks, and a full-service bar. The franchise delivers a unique dining experience with a diverse menu.
Key Insights
- Quaker Steak & Lube began as a humble establishment serving a signature menu of flavorful sauces and delicious fare, evolving into a destination for unique dining experiences centered around automotive culture and vibrant entertainment.
- The franchise operates as a full-service casual dining restaurant, offering a diverse menu of steaks, chicken, and seafood alongside its renowned wing sauces, all served in an atmosphere inspired by vintage automobiles and motorsports.
- Operating within the competitive casual dining sector, the business taps into consumer demand for themed entertainment and craveable comfort food, appealing to a broad demographic seeking a lively and memorable meal.
Franchise Fee and Costs to Open
Exploring the financial picture of Quaker Steak & Lube gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $465,000 - $3,532,500, along with a franchise fee of $30,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $2,874,144 and estimated earnings of $201,191 - $287,415 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 8.7-10.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Quaker Steak & Lube provides comprehensive training and resources for new franchisees. Initial training spans two weeks and takes place at the franchisor's headquarters. The program covers operational procedures and brand standards. Quaker Steak & Lube offers ongoing support, including marketing guidance and operational manuals. They provide a robust system to aid in building a successful Quaker Steak & Lube location.
Legal Considerations
Legal considerations for a Quaker Steak & Lube franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Quaker Steak & Lube franchise presents several considerations. Navigating a local market with established wing competitors and diverse dining options requires a strong marketing approach. The business model's reliance on a specific sauce and wing supply chain necessitates consistent supplier relationships and inventory management. Furthermore, maintaining the brand's unique atmosphere and efficient service across breakfast, lunch, and dinner requires robust operational execution and staff training.
Franchise Datasheet
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