Quaker Steak & Lube FDD Summary
Type of Business
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.
Corporate Information
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
The total investment necessary to begin operation of a QUAKER STEAK & LUBE® Free Standing, approximately 7,500 square foot Restaurant, plus an 800 to 1,200 square foot outside patio, is from $2,271,000 to $3,731,000. This includes payment to the franchisor and/or an affiliate of $80,000 to $110,000 for each Restaurant.
The total investment necessary to begin operation of a QUAKER STEAK & LUBE® Free Standing or Endcap, approximately 6,500 square foot Restaurant, plus an 800 to 1,200 square foot outside patio, is from $1,796,000 to $3,416,000. This includes payment to the franchisor and/or an affiliate of $80,000 to $110,000 for each 6,500 sq. ft. Free Standing or Endcap Restaurant.
The total investment necessary to begin operation of an Ancillary Facility (as described below) is from $373,500 to $1,368,500. 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 Facility specifically includes but is not limited to an “In-Line QSL Restaurant” at a Petro, TA, or other travel center, or any fuel or convenience store business. 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.