QUAKER STEAK & LUBE® ANNOUNCES EXPANSION INTO NEW JERSEY2011-04-05 19:46:47
The Company Entered into a 10-Restaurant Deal for Northern New Jersey and Long Island
SHARON, Pa. – April 5, 2011 – Quaker Steak & Lube®, the motorsports-themed casual-dining family restaurant that has been bucking economic trends for the past two years, recently announced additional growth development plans for 2011. Lube It Up, LLC, a new franchisee joining the system, and QSL Franchising Corporation entered into a 10-restaurant area development agreement.
Quaker Steak & Lube® will roll out a combination of conversions and its new 7,700 square-foot prototype. The agreement states the areas to be developed are Northern New Jersey and Long Island. The first conversion will be located in Brick, NJ.
“We believe The Lube® is a perfect fit for this Jersey area with its great food, and tons of family fun,” said Shannon Portell, president of Lube It Up. “The events too always make the restaurant the place to be.”
“We are excited to announce our new partnership with Lube It Up and the expansion of our concept further northeast into the New Jersey designated market area,” said John Longstreet, president and chief executive officer of Quaker Steak & Lube®.
In addition to the major expansion with Lube It Up, LLC, Quaker Steak & Lube® also plans on opening at least 13 more locations, including three company restaurants across the United States throughout 2011. The company restaurants will include the first of the new full size prototype and an experimental “Mini-Lube.”
For more information or to find a phone listing to a local Quaker Steak & Lube® restaurant, please visit www.quakersteakandlube.com .
About Quaker Steak & Lube®:
Founded in 1974 and built in an abandoned gas station in Sharon, Pa., the original Quaker Steak & Lube® began as a cook-your-own steak restaurant, before expanding to more than 41 locations throughout the United States and Canada. The unique décor, including race cars suspended from the ceilings, motorcycles, Corvettes and gas station memorabilia, combined with the crave-able food and high-octane events has afforded The Lube® a cult-like fan following. Today, Quaker Steak & Lube® has become one of the fastest-growing restaurant chains in the country, and has won more than 100 national and international awards for its wings and 25 different wing sauces. Most recently it was named the 2010 Festival Favorite at the National Buffalo Wing Festival in Buffalo, New York. For more information visit www.quakersteakandlube.com.
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