Start-Up Costs and Fees |
||
| Shoney's Restaurants | Quaker Steak & Lube | |
| Investment | 568000 - 2800000 | 1800000 - 3700000 |
| Franchise Fee | ||
| Royalty Fee | 2.5-3.5% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1968 | 1974 |
| Year Franchised | 1971 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Shoney's Restaurants | Quaker Steak & Lube | |
| Experience | Solid business experience Multi-unit management Proven expertise in retail (food and beverage a plus) Previous franchise experience advantageous | 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 |
||
| Shoney's Restaurants | Quaker Steak & Lube | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Shoney's Restaurants | 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 |
||
| Shoney's Restaurants | 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 | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Franchise Fee | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Royalty Fee | |
| Shoney's Restaurants | 2.5-3.5% |
| Quaker Steak & Lube | 5% |
| Advertising Fee | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | 3% |
| Year Founded | |
| Shoney's Restaurants | 1968 |
| Quaker Steak & Lube | 1974 |
| Year Franchised | |
| Shoney's Restaurants | 1971 |
| Quaker Steak & Lube | 1997 |
| Term Of Agreement | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Renewal Fee | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
Business Experience Requirements |
|
| Experience | |
| Shoney's Restaurants | Solid business experience Multi-unit management Proven expertise in retail (food and beverage a plus) Previous franchise experience advantageous |
| 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 | |
| Shoney's Restaurants | No |
| Quaker Steak & Lube | No |
| Start-up Costs | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Equipment | |
| Shoney's Restaurants} | |
| Quaker Steak & Lube | |
| Inventory | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Receivables | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
| Payroll | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
Training & Support |
|
| Training | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | Available at headquarters: 8-10 weeks. |
| Support | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | Co-op advertising, National media, Regional advertising |
| Operations | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | |
Expansion Plans |
|
| US Expansion | |
| Shoney's Restaurants | |
| 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 | |
| Shoney's Restaurants | 0 |
| Quaker Steak & Lube | |
| International Expansion | |
| Shoney's Restaurants | |
| Quaker Steak & Lube | Worldwide, |