SHARON, Pa., April 18, 2012 /PRNewswire/ -- The Award-Winning casual-dining franchise Quaker Steak & Lube® known for its Best Wings USA and over 20 sauce varieties, announced today the signing of an area development agreement with Druzak Merchant Inc. for three restaurants in Philadelphia, Pennsylvania. The first restaurant is planned to open in April 2013.
"We're thrilled to expand our presence in Pennsylvania and enter the Philadelphia market with Druzak Merchant Inc. and introduce more guests to our unique motorsports themed dining experience," said John Longstreet, president and chief executive officer, Quaker Steak & Lube®. "We are on our way to doubling our current footprint of nearly 50 restaurants, and this aggressive expansion and continued industry high average unit volume would not be possible without our dedicated area developers at Druzak Merchant Inc. who are committed to the company's success."
Quaker Steak & Lube® is on track to be one of the fastest-growing restaurant chains in the country. The company had a tremendous year in 2011 with the opening of six new restaurants, signed franchise agreements to develop more than 35 new restaurants and plans to open 12 more in 2012. Currently, there are 11 Quaker Steak & Lube® restaurants in Pennsylvania with a new location in Johnstown expected to open in June.
The compelling decor, 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.
"Our first restaurant is planned to open in the spring of next year and we are extremely excited to be the face of the brand in the community and continue the brand's mantra of 'There's always something happening at The Lube®' at our new restaurants," said Jeff Druzak of Druzak Merchant Development Inc. "We look forward to expanding Lube Nation in the months and years to come."
"Haute" franchise opportunities in extensive territories are still available with the company. 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 willing 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 Quaker Steak & Lube® began as a cook-your-own steak restaurant, before expanding to over 40 locations throughout the United States and Canada. The unique decor, 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 hundreds of national and international awards for its wings and 20 different wing sauces. Most recently it was named the Festival Favorite at the National Buffalo Wing Festival in Buffalo, New York. For more information visit www.quakersteakandlube.com.
SOURCE Quaker Steak & Lube