Quaker Steak & Lube

The Quaker Steak & Lube franchise is an Ohio-based restaurant concept. The brand was established in 1974 and began franchising in 1997. Since then, Quaker Steak & Lube has expanded to dozens of locations across the country.  Founders George "Jig" Warren III and Gary "Moe" Meszaros sought to preserve the culture of gas stations and decorated locations with old muscle cars. The brand's menu includes chicken wings, steaks, hamburgers, sandwiches, salads, ribs, appetizers, desserts and more. Franchisees benefit from a proven system, and they don't need prior experience in order to successfully run the business. Ideal candidates are dedicated to customer service and have an entrepreneurial spirit. 

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Quaker Steak & Lube

Quaker Steak & Lube Franchise Cost and Requirements for 2024

Background

In 1974, the U.S. was going through a gasoline crisis. To preserve the culture of gas stations, George “Jig” Warren III and Gary “Moe” Meszaros founded the Quaker Steak & Lube franchise. The "Cook Your Own Steak” restaurant gives old muscle cars a permanent home, which included a 1936 Chevrolet, frozen in time on the original hydraulic grease rack. Today, The Lube serves over 30 million wings annually, has bottled sauces for retail sale, has won the title of “Best Wings USA,” and has hundreds of local, national, and international awards for their sauce recipes. With over 50 locations throughout the U.S., The Lube is still rescuing muscle cars, vintage cars, trucks and a vast selection of custom and antique motorcycles. These classic vehicles have good homes hanging from the walls and ceilings in each restaurant.
The brand is looking for qualified franchise partners across the U.S. Ideal candidates have an entrepreneurial spirit and are dedicated to customer service. Qualified candidates have at least $500,000 in cash and other assets and a net worth of at least $3 million. The initial investment ranges between $473,500 - $4,106,000, which includes an initial franchise fee of $30,000 - $40,000. In terms of support and training, you can expect an initial training program that' s broken down into classroom and on-the-job training. During that time, you will learn everything you need to know to run the business, including hiring, marketing and advertising, food prep, and more. You'll also be supported with the grand opening of your location. Support and training are ongoing.

Company Details

Headquarters: Westlake, OH 44145
Absentee: No
Canada: No
International: No
Founded: 1974
First franchise: 1997
B2B: No
Exclusive territory: No
Mobile/home-based: No

 

Support and Training Offered By Quaker Steak & Lube

You can expect an initial training program that' s broken down into classroom and on-the-job training. During that time, you will learn everything you need to know to run the business, including hiring, marketing and advertising, food prep, and more. You'll also be supported with the grand opening of your location. Support and training are ongoing.

2024 Franchise Requirements Needed to Own a Quaker Steak & Lube Franchise.

What does a Quaker Steak & Lube Franchise Cost?

Quaker Steak & Lube franchise fees for 2024:

Net Worth Requirement: $3,000,000
Cash Requirement: $500,000
Initial Franchise Fee: $30,000 - $40,000
Initial Investment: $473,500 - $4,106,000
Royalty fee: 5%

Is Quaker Steak & Lube a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Quaker Steak & Lube is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Quaker Steak & Lube a Home Based franchise?

No. Quaker Steak & Lube is not a home based franchise opportunity.

What Do Quaker Steak & Lube Franchise Owners Make?

Click here to find out how much Quaker Steak & Lube franchisees make. Quaker Steak & Lube offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Quaker Steak & Lube Offer a Veteran Discount?

No. Quaker Steak & Lube franchise does not offer a veteran discount.

Is Quaker Steak & Lube Looking for Franchisees in Canada?

No. Quaker Steak & Lube franchise is not looking for Canada franchisees.

Is Quaker Steak & Lube Looking for International franchisees?

No. Quaker Steak & Lube franchise is not looking for International franchisees.

Where can I see Quaker Steak & Lube's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

50-100 UNITS

Cash Required

More than $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Quaker Steak & Lube Franchises for Sale

Click Here to inquire about existing Quaker Steak & Lube franchises for sale. We may have Quaker Steak & Lube franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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