Start-Up Costs and Fees |
||
| Quaker Steak & Lube | Ben & Florentine Restaurants | |
| Investment | 1800000 - 3700000 | 619650 - 817800 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 3% | |
| Year Founded | 1974 | 2008 |
| Year Franchised | 1997 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Quaker Steak & Lube | Ben & Florentine Restaurants | |
| 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 |
||
| Quaker Steak & Lube | Ben & Florentine Restaurants | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Quaker Steak & Lube | Ben & Florentine Restaurants | |
| Training | Available at headquarters: 8-10 weeks. | * The owner/operator follows six (6) weeks of training. (Theoretical & Practical) * Grand opening training & assistance for two (2) 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 |
||
| Quaker Steak & Lube | Ben & Florentine Restaurants | |
| 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 | Ontario, Quebec | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Franchise Fee | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Royalty Fee | |
| Quaker Steak & Lube | 5% |
| Ben & Florentine Restaurants | 6% |
| Advertising Fee | |
| Quaker Steak & Lube | 3% |
| Ben & Florentine Restaurants | |
| Year Founded | |
| Quaker Steak & Lube | 1974 |
| Ben & Florentine Restaurants | 2008 |
| Year Franchised | |
| Quaker Steak & Lube | 1997 |
| Ben & Florentine Restaurants | 2008 |
| Term Of Agreement | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Renewal Fee | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
Business Experience Requirements |
|
| Experience | |
| 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 |
| Ben & Florentine Restaurants | |
Financing Options |
|
| Franchise Fees | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Start-up Costs | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Equipment | |
| Quaker Steak & Lube} | |
| Ben & Florentine Restaurants | |
| Inventory | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Receivables | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
| Payroll | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
Training & Support |
|
| Training | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Ben & Florentine Restaurants | * The owner/operator follows six (6) weeks of training. (Theoretical & Practical) * Grand opening training & assistance for two (2) weeks |
| Support | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Ben & Florentine Restaurants | |
| Marketing | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Ben & Florentine Restaurants | |
| Operations | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Ben & Florentine Restaurants | |
| Canada Expansion | |
| Quaker Steak & Lube | |
| Ben & Florentine Restaurants | Ontario, Quebec |
| International Expansion | |
| Quaker Steak & Lube | Worldwide, |
| Ben & Florentine Restaurants | |