Quaker Steak & Lube®

QUAKER STEAK & LUBE® ANNOUNCES EXPANSION PLANS IN DENVER & COLORADO SPRINGS

2012-06-05 19:54:33

SHARON, PA – The award-winning casual-dining franchise Quaker Steak & Lube®, known for its Best Wings USA, announced today it plans to expand its presence in Denver and Colorado Springs, CO. Currently, Quaker Steak & Lube has one franchise restaurant in Denver.

Executives from Quaker Steak & Lube® will be in Denver and Colorado Springs on June 11th – 12th and June 26th – 27th to meet with prospective franchisees. For information on franchise opportunities, or to schedule a meeting with the executive team, please contact Zeb Hastings at zhastings@thelube.com or visit www.lubefranchising.com.

"We’re excited to expand our presence in Colorado and introduce more guests to our unique motorsports themed dining experience," said John Longstreet, president and chief executive officer of Quaker Steak & Lube®. "We are on our way to doubling our current footprint of more than 50 restaurants and are looking for passionate franchisees to help us grow the brand in Colorado."

Quaker Steak & Lube has become one of the fastest-growing restaurant chains in the country and has won hundreds of national and international awards for its wings and more than 20 different wing sauces. The company experienced significant growth in 2011, opening six new restaurants and signing franchise agreements to develop more than 35 locations in the U.S. over the next several years.

Currently, Quaker Steak & Lube has 50 locations in 15 states and Canada with plans to open 12 new restaurants this year in Northern New Jersey, Upstate New York, New England, North Carolina, South Carolina, Kentucky, Virginia, North Dakota, South Dakota and Texas.

The compelling décor, including race cars suspended from the ceilings, motorcycles, Corvettes and gas station memorabilia, combined with its craveable food and SuperCharged events has created a cult-like following for The Lube® for more than 35 years. Collectively, the company serves more than 80 million wings annually along with burgers, ribs, steaks, salads, sandwiches, kid’s meals and many more flavorful menu items. Hand-crafted and hand-shaken beverages are also featured on the Blowout Beverages menu including the industry 2012 Cheers Beverage Award-Winning Bar Jars.

Developers seeking to own and operate a Quaker Steak & Lube franchise should possess a minimum liquidity of $1 million, a net worth of $3 million and willingness to commit to multiple locations. Prior restaurant operations or hospitality experience is strongly preferred.

About Quaker Steak & Lube®:

Founded in 1974 and built in an abandoned gas station in Sharon, Pa., the original Steak & Lube® began as a cook-your-own steak restaurant, before expanding to over 40 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, 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.thelube.com.

Media Contact: pr@thelube.com




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