July 30, 2011
Quaker Steak & Lube® Hires Zeb Hastings to Lead Franchise Development
New VP to build on nationwide expansion plan
Sharon, Pa. – July 30, 2011 - Quaker Steak & Lube, the fast-growing motorsports-themed casual dining chain, has hired Edward “Zeb” Hastings as Vice President of Franchise Development. He is charged with identifying new franchisees and expanding the Lube Nation.
The Lube® currently owns or franchises more than 40 restaurants throughout the United States and Canada. It plans to open 10 units this year and has commitments for a total of more than 50 new locations.
“Zeb brings a wealth of experience coupled with significant contacts that will help us add even more momentum to our growth,” said John Longstreet, president and CEO. “He’s enthusiastic about our brand and his personality is a great fit with The Lube®’s fun culture.”
Hastings background includes working for a number of national franchisors, most recently Steak n’ Shake where he worked with a start up team on a national franchise initiative. Hastings was also responsible for the successful franchise startups in two major restaurant chains O’Charley’s Inc. and Friendly Ice Cream Corporation transitioning them from company owned restaurant chains to franchise focused operations. Prior to his activity in franchise development he was a senior executive in the financial services industry focused on market share growth and credit underwriting.
Zeb had this to say about his new position with Quaker Steak & Lube®, “This is a tremendous brand that has all the key components of a great franchise growth company. Exceptional unit economics, available territory to grow, dedicated support systems, and a passion to have our franchisees succeed. My task is to continue to evolve our program putting these strengths to work to attract new franchisees and build a national platform for Quaker Steak & Lube®.”
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 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, Quaker 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.quakersteakandlube.com.