Quaker Steak & Lube franchise reaches a new milestone
According to a report published on the website, prnewswire.com, the casual-dining franchise Quaker Steak & Lube has reached a new milestone opening its 50th restaurant. Moreover it is expecting to open a further 10 restaurants by the end of this year and will be expanding into six new markets with five franchise groups over the next few years.
In an interview, John Longstreet, president and CEO of Quaker Steak & Lube®, said, "Over the past six months, we signed agreements to develop 11 new restaurants around the country, including three corporate locations in Texas. "We're extremely excited to expand our footprint to both new and existing markets, and introduce more guests to our unique motorsports-themed dining experience. This growth, and the opening of our 50th restaurant, is a testament to our dedicated franchisees and our top tier management team who are committed to the brand's success."
Founded in 1974, Quaker Steak & Lube is, it says, one of the fastest-growing restaurant chains in the country. It currently has 50 locations open across 15 states and Canada. (kbp)