Quaker Steak & Lube® Best Wings USA Announces New Area Development Agreement for Four New Restaurants in Texas

Casual Dining Chain Continues Statewide Stampede Across the Wild West

SHARON, Pa., Nov. 27, 2012 // PRNewswire // - The Award-Winning casual-dining franchise Quaker Steak & Lube® known for its Best Wings USA and more than 20 sauces, announced today the signing of an area development agreement with Salt & Pepper Restaurants Inc. for four new restaurants throughout Houston, Texas and the surrounding cities. The first restaurant is planned to open in 2013.

"Our brand's presence in Texas has taken over at full speed ahead, and by expanding into the Greater Houston market with Salt & Pepper Restaurants Inc. we will have the opportunity to introduce even more guests to our unique motorsports-themed dining experience," said John Longstreet, president and chief executive officer, Quaker Steak & Lube®. "Over the past year, we've doubled our current footprint to nearly 60 restaurants, and this aggressive expansion and continued industry high average unit volume would not be possible without our dedicated area developers at Salt & Pepper Restaurants Inc., who are committed to the company's growth and success."

Quaker Steak & Lube® has quickly become one of the fastest-growing restaurant chains in the country. The company is on track to open 12 restaurants this year and another 12 in 2013. The brand has signed development agreements in six new markets with five new franchise groups. Quaker Steak & Lube® currently has close to 60 locations open across 18 states and Canada. Currently, there are two Quaker Steak & Lube® restaurants in Texas in Waco and Carrollton with a new location in Plano opening in January.

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®, as fans call it, for more than 38 years.

"We're honored to continue to build the brand in our home state of Texas and introduce The Lube's® signature flavors and menu items to residents in our community," said Mohammed Amin Lakhani of Salt & Pepper Restaurants Inc. "We look forward to expanding Lube Nation in the months and years to come."

Collectively, the company serves more than 80 million wings annually along with burgers, ribs, steaks, salads, sandwiches, kid's meals, signature beverages and many more flavorful menu items. The Lube® is also known for creative food promotions and recently won the coveted MenuMasters award for their limited time offer, Shake, Wrap & Roll. Hand-crafted and hand-shaken beverages are also featured on the Blowout Beverages menu including the industry 2012 Cheers Beverage Award-Winning Bar Jars.

"Haute" franchise opportunities in many territories are still available with the company.

For more information about franchise opportunities, please contact Zeb Hastings at 1-877-MYLUBE1 (1-877-695-8231) or by email at zhastings@thelube.com, or visit www.lubefranchising.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 nearly 60 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 over 20 different wing sauces. Most recently it was named the 2012 Festival Favorite at the National Buffalo Wing Festival in Buffalo, New York.For more information visit www.quakersteakandlube.com.

Media Contact:

Rachel Tabacnic
Fish Consulting

SOURCE Quaker Steak & Lube


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