Start-Up Costs and Fees |
||
| Ground Round I.O.C. | Quaker Steak & Lube | |
| Investment | 995000 - 1800000 | 1800000 - 3700000 |
| Franchise Fee | ||
| Royalty Fee | 3.50% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1969 | 1974 |
| Year Franchised | 1970 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ground Round I.O.C. | Quaker Steak & Lube | |
| Experience | Quaker Steak & Lube is looking for franchise owners who will be passionate about the brand and philosophically aligned with our values and approach to operating a business. Criteria for a successful franchisee team: * Minimum $500,000 liquidity for single unit development and $1,000,000 liquidity for multi-unit development * Restaurant and/or operational experience * Strong understanding in executing Four-Walls and Local Marketing * Passion for guest service | |
Financing Options |
||
| Ground Round I.O.C. | Quaker Steak & Lube | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Ground Round I.O.C. | Quaker Steak & Lube | |
| Training | Available at headquarters: 8-10 weeks. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | ||
Expansion Plans |
||
| Ground Round I.O.C. | Quaker Steak & Lube | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
| Franchise Fee | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
| Royalty Fee | |
| Ground Round I.O.C. | 3.50% |
| Quaker Steak & Lube | 5% |
| Advertising Fee | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | 3% |
| Year Founded | |
| Ground Round I.O.C. | 1969 |
| Quaker Steak & Lube | 1974 |
| Year Franchised | |
| Ground Round I.O.C. | 1970 |
| Quaker Steak & Lube | 1997 |
| Term Of Agreement | |
| Ground Round I.O.C. | 10 years |
| Quaker Steak & Lube | |
| Renewal Fee | |
| Ground Round I.O.C. | 50% of current royalty fee |
| Quaker Steak & Lube | |
Business Experience Requirements |
|
| Experience | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Quaker Steak & Lube is looking for franchise owners who will be passionate about the brand and philosophically aligned with our values and approach to operating a business. Criteria for a successful franchisee team: * Minimum $500,000 liquidity for single unit development and $1,000,000 liquidity for multi-unit development * Restaurant and/or operational experience * Strong understanding in executing Four-Walls and Local Marketing * Passion for guest service |
Financing Options |
|
| Franchise Fees | |
| Ground Round I.O.C. | No |
| Quaker Steak & Lube | No |
| Start-up Costs | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
| Equipment | |
| Ground Round I.O.C.} | |
| Quaker Steak & Lube | |
| Inventory | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
| Receivables | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
| Payroll | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
Training & Support |
|
| Training | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Support | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Operations | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | |
Expansion Plans |
|
| US Expansion | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Ground Round I.O.C. | 0 |
| Quaker Steak & Lube | |
| International Expansion | |
| Ground Round I.O.C. | |
| Quaker Steak & Lube | Worldwide, |