Rank no. 324 – Quaker Steak & Lube – US
Products & Services: Chicken wings, burgers, salads, steaks
Number of Locations: 58
Total Investment: $1.14M – 4.15M
Began Franchising: 1997
About Quaker Steak & Lube
In 1974, with gas prices rising and gas stations closing around the country, George “Jig" Warren III and Gary “Moe" Meszaros sought to preserve the culture of those old gas stations by opening Quaker Steak & Lube, a “cook-your-own-steak" restaurant and decorating the restaurant with old muscle cars.
The company began franchising in 1997, and new locations continue to use vintage cars in their decor. The menu, meanwhile, has expanded beyond steaks to include chicken wings, hamburgers, sandwiches, salads, ribs, appetizers, desserts and more.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Net Worth: $3,000,000
Liquid Cash Available: $1,000,000
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 100 – 125. Absentee ownership of franchise is NOT allowed..
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
United States (1974)
|Founder(s)||George “Jig" Warren III,
Gary “Moe" Meszaros
|Number of locations||59 (58 in the United States, 1 inCanada)|
|Area served||North America|
Quaker Steak & Lube is a casual dining restaurant chain based in Sharon, Pennsylvania. The original restaurant was built in 1974 by George “Jig" Warren and Gary “Mo" Meszaros in an abandoned gas station in downtown Sharon, and decorated with license plates and old automobiles. Originally a “cook-your-own-steak" establishment, Quaker Steak’s signature dish is now its chicken wings and the variety of sauces used to season them.
In 1974, gas stations across the country were closing in the aftermath of the 1973 oil crisis. George “Jig" Warren III and Gary “Moe" Meszaros came up with the idea of preserving the culture of old gas stations and high-powered muscle cars. They opened Quaker Steak & Lube, initially a “cook-your-own-steak" restaurant that showcased old muscle cars. The original location included a 1936 Chevrolet on the original hydraulic grease rack.
As of 7 August 2013, there are 59 restaurant locations, with three additional locations scheduled to open soon (two in PA, one in WI). The majority of the current locations operate in eastern Ohio and western and central Pennsylvania. Locations do, however, span the United States including one location outside Denver, Colorado and another location in Clearwater, Florida. There is also a Quaker Steak & Lube location inside the Rogers Centre in Toronto, Ontario, Canada. There are plans to open a location in Indianapolis at the former Loon Lake Lodge restaurant, which closed in June 2010. There is one opening on the Frisco/Plano border in North Texas (Dallas). December, 2012 a restaurant opened in Fargo, ND. Rapid City SD recently added its own to the chain.
A Quaker Steak and Lube restaurant located in Robinson Square, a shopping center outside of Pittsburgh, Pennsylvania.
The restaurant is known for its chicken wing hot sauce flavors, which are depicted on the Scoville scale. The hottest flavor is the “Triple Atomic Sauce", which is made from the ghost pepper. The Atomic flavor is sold individually in a dropper bottle sealed in an oversized childproof prescription container. Customers must sign a liability waiver. 
|Super-Charged (formerly “Suicide")||30,000|
|Thai ‘R’ Cracker||1,850|
|Dusted Salt & Vinegar (Discontinued as of May 2011)||1,500|
|Thaisian (New for 2011)||1,400|
|Tequila Lime BBQ||1,150|
|Dusted Chipotle BBQ||900|
As of 2009, the chain has won over 100 awards.
The Pittsburgh, Pennsylvania location was featured in the Travel Channel series Man v. Food. The episode’s challenge was to consume six “Atomic" chicken wings, at the time the strongest wings on Quaker Steak’s menu. Host Adam Richman completed the challenge in the allotted time and was awarded a commemorative bumper sticker and a place on the restaurant’s “Atomic Wall of Flame".