Sharon, PA - LUBE Holdings, Inc. acquired the Valley View,
OH Quaker Steak & Lube restaurant from Joll Enterprises, Inc.
on June 14, 2004 in an effort to fuel further franchise growth and
to use the location as a hands-on corporate training center.
Joll Enterprises, Inc., Quaker Steak & Lube’s first franchisee,
has signed agreements with the company to develop two more restaurants
in the Pittsburgh area over the next two years, and three restaurants
in Southeast Florida over the next three and a half years. Joll
currently owns the Cranberry Township, Pittsburgh (Robinson), Heinz
Field and PNC Park locations. Joll has also made a substantial financial
investment in the franchisor.
“Joll Enterprises willingness to invest in and expand the
Quaker Steak & Lube brand is a good measure of the success of
this franchise opportunity now and in its future growth,”
notes Andy Gunkler, Vice President of Development.
Quaker Steak & Lube, the award-winning automotive-themed restaurant
chain, currently has twelve operating restaurants in five states
(PA, OH, FL, TN, NC), with construction beginning in Madison, Wisconsin
this month. Quaker Steak & Lube is distinguished by its high
per-unit sales volume, over-the-top auto-themed décor and
the cult-like following inspired by its award-winning chicken wings.
The Valley View location, which is now operating through Quaker
Steak & Lube of Independence, OH, is a popular destination having
set the record last summer for the highest attendance (7,500) at
one of their Bike Nite events.
“Valley View is one of our most successful, high-volume restaurants,”
states George Warren, CEO and Co-Founder of Quaker Steak & Lube.
“We feel it is a great opportunity to be able to have this
location, which is close to the home office, as a fully functioning
training center for all areas of operation.”
Quaker Steak & Lube operates two sizes of casual dining facilities:
a 10,400 square foot unit with 350 seats plus a large patio on three
acres, and an 8,200 square foot unit with 260 seats and a large
patio on two acres. Each restaurant has customized interiors developed
by the local franchise owners, with support from a professional
team of outside design experts. Most locations have at least three
distinctive bars with their own unique décor.
With systemwide sales in 2004 to exceed $50 million, and a $5 million
private placement near completion, Quaker Steak & Lube is primed
to develop over sixty franchised and company owned locations and
create a restaurant system with annual sales exceeding $260 million
by the end of 2008.
The Quaker Steak & Lube Story
In 1974, the original Quaker Steak & Lube opened in a converted
gas station in Sharon, PA. Originally founded as an innovative cook-your-own-steak
restaurant, the popularity of the Quaker Steak & Lube buffalo-style
chicken wings soon took center stage, and by the early 1980’s
Quaker Steak & Lube was known as the place for award-winning
wings and beer in a fun and outrageous automobile and motorcycle-themed
Today, "The Lube" serves over 30 million wings annually,
has 16 bottled sauces for retail sale, has won the title of "Best
Wings USA," and has over 100 local, national, and international
awards for their sauce recipes. Most recently, Quaker Steak &
Lube was named the Official Chicken Wing of Lowe’s Motorspeedway
in Charlotte, NC.
In the past few months, Quaker Steak & Lube has successfully
rolled-out a new tastes menu featuring great steaks, burgers, ribs,
salads and appetizers. Combined with their on-going, weeknight events
such as Bike Nite, Family Night, All-You-Can-Eat Wing Night and
Cruise-ins, as well as their weekday lunch buffets, Quaker Steak
& Lube is a great place to refuel and recharge.
Quaker Steak & Lube shares in co-promotional sponsorship programs
with Lowe’s Motorspeedway, the American Motorcyclist Association,
MAC Tools, and Corsa Performance. It is also heavily involved in
racing with sponsorships of both ARCA and IHRL cars.
Visitors to Quaker Steak & Lube restaurants are amazed by the
auto and racing memorabilia on display, including full-size race
cars and vintage motorcycles attached to the walls and ceilings.
The loyal customer following of the Quaker Steak & Lube concept
led the company to franchise in 1997.