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How many stores does Speedway have?
With headquarters in Enon, Ohio, Speedway operates coast to coast in 35 states. With approximately 3,900 stores, Speedway ranks as the largest chain of company-owned and operated gasoline and convenience stores in the United States based on revenue. Not thrilled about a gift card you received?
Is speedway owned by 7-Eleven?
Acquired by 7-Eleven, brand name continues to be used. Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned by 7-Eleven.
Where is the headquarters of Speedway Motorsports?
Speedway Motorsports, LLC is an American company that owns and manages auto racing facilities that host races sanctioned by NASCAR, IndyCar Series, NHRA, World of Outlaws and other racing series. The company's headquarters are located at Charlotte Motor Speedway, just north of Charlotte, NC in Concord, NC.
What was the original name of Speedway?
Speedway started as Speedway 79, the name of a gasoline chain based in Michigan for much of the first half of the 20th century. In 1959, Marathon, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand.
Is Speedway a franchise?
Speedway is a franchise concept in the Retail Products and Services industry. It is also considered a Convenience Store franchise. They were founded in 1998.
Who owns the Speedway franchise?
7-Eleven Inc.GROWING TOGETHER. 7-Eleven Inc. took ownership of approximately 3,800 Speedway convenience stores located in 36 states on May 5, 2021, bringing 7-Eleven's total North American portfolio to around 14,000 stores.
How much does a Speedway franchise cost?
The Capital investment required for a RaceWay store ranges from $196,000 on the low end to $560,000 on the high end. The figure varies depending on the size of the store, store location and equipment costs.
Are 711 and Speedway owned by the same company?
Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 18 countries and regions, including 16,000 in North America. In addition to 7-Eleven stores, 7-Eleven Inc. operates Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations.
What is the richest gas station?
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $285.6 billion and 71,100 employees....Circle K supplies their stations with gas from brands including:Shell.Valero.BP.Exxon Mobil.Phillips 66.
Why is Speedway changing their name?
The name change, announced on the SuperAmerica website Friday, comes after Marathon Petroleum's $23 billion purchase of SuperAmerica owner Andeavor was completed on Oct. 1. SuperAmerica rewards cardholders are being asked to transfer their card balances at www.speedway.com.
What is the best gas station franchise to own?
13 Best Gas Station Franchises in 2022 (Ultimate Guide)Kangaroo Express. ... Dash In. ... Murphy USA. ... Sunoco APlus. ... Lukoil. ... Marathon. ... Shell. ... Express Convenience. If you're looking for a profitable business opportunity, you should consider opening an Express Brand Convenience store.More items...•
Who owns the Speedway gas stations?
7‑ElevenMarathon OilSpeedway/Parent organizations
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Will Speedway be rebranded 7 11?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021....Speedway (store)TypeSubsidiaryDefunct1962 (1st incarnation) May 14, 2021 (as subsidiary, brand name continues in use)FateAcquired by 7-Eleven, brand name continues to be used.12 more rows
Has Speedway been sold?
Even in the face of the challenges presented by the health crisis, MPC reached an agreement in August 2020 to sell Speedway to 7-Eleven Inc. for $21 billion — making it the largest transaction in the convenience channel in some time.
Who is the largest convenience store chain?
7-Eleven Inc.Top 202 Convenience Stores 2020RankChain NameNo. of Stores17-Eleven Inc.130002Alimentation Couche-Tard Inc.71033Casey's General Stores Inc.24224EG America LLC175046 more rows
Who owns the Speedway gas stations?
7‑ElevenMarathon OilSpeedway/Parent organizations
Did Speedway get bought out?
The deal closed on May 14, 2021, despite protests from the Federal Trade Commission. On June 25, 2021, the Federal Trade Commission, Marathon, and 7-Eleven agreed on the divestitures of 291 Speedway and two 7-Eleven stores to three companies: Anabi Oil, CrossAmerica Partners, and Jacksons Food Stores.
Did Speedway get bought out by rebel?
Anabi Oil is acquiring the stores from 7-Eleven, which recently completed the acquisition of Speedway from Marathon Petroleum Corp. Anabi Oil is one of the largest Shell-branded wholesalers in California, distributing to over 200 stations under multiple major brands including its proprietary REBEL brand.
What company did Speedway buyout?
Acquiring Speedway accelerates 7-Eleven's growth trajectory while also strengthening its financial profile, the company has stated. The addition diversifies the convenience retailer's presence to 47 of the 50 most populated metro areas in the United States, and expands its company-operated store footprint as well.
What is Marathon Ashland?
In 1997, Marathon and Ashland Petroleum formed Marathon Ashland Petroleum LLC (MAP), a joint venture which combined the companies' refining, marketing, and transportation businesses, with Marathon owning 62% of the operations while Ashland owned 38%. In the process, Ashland's SuperAmerica and Marathon's Speedway convenience store chains were merged to form Speedway SuperAmerica LLC, a wholly owned subsidiary of MAP. At this time, Marathon acquired the rights to the Solo, Save Mart, Save More, and Rich brands from Ashland, along with others. Many of these brands would be converted to the Speedway brand over time. When the merger was completed in 1998, the Speedway and SuperAmerica brands began to market together.
What does the red on the Speedway map mean?
Map of states containing at least one Speedway station as of December 2019; red indicates Speedway's core Midwestern states prior to its 2012 expansion, green indicates former Hess stations, orange indicates both former Hess stations and states where Speedway was already expanding into organically prior to the Hess purchase, and blue from the former Andeavor properties, including the SuperAmerica chain that Speedway owned & operated from 1997 to 2011.
Where is the Speedway 79 located?
Speedway started as Speedway 79, the name of a gasoline chain based in Michigan for much of the first half of the 20th century. In 1959, Marathon, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand.
When did Marathon buy Speedway?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021.
Does Speedway carry E85?
As of December 2, 2016, 12% of Speedway stores carry E85 Ethanol. Speedway currently has 326 stores with E85 available, and one store which carries CNG. Almost all of its stores in the Pittsburgh Metro as well as its stores in the state of Tennessee offer E85, greatly expanding the availability of the fuel in these respective markets.
Who owns the Speedway?
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021 the company was a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest convenience store chain in central Ohio.
Did Speedway acquire GasAmerica?
On February 13, 2012, it was announced that a deal had been reached with Indiana and Ohio convenience store chain GasAmerica to acquire all 88 of its locations. Speedway also acquired all trademarks, trade dress and intellectual property from GasAmerica and included several parcels of undeveloped real estate for future development. The transaction was finalized on May 29, 2012, for an unspecified price.
How many stores does Speedway have?
With approximately 3,900 stores, Speedway ranks as the largest chain of company-owned and operated gasoline and convenience stores in the United States based on revenue.
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Does Speedway have a code of business conduct?
Speedway has always conducted its operations in accordance with the law as well as the highest standards of business ethics. We take great pride in the reputation of our good name within the communities that we serve. We conduct our operations under a Code of Business Conduct that demonstrates our commitment to integrity.
When did SMI buy NHIS?
SMI moved one of North Wilkesboro Speedway 's dates to Texas Motor Speedway and Bob Bahre moved the second date to his facility. On November 2, 2007, SMI purchased NHIS and part of the purchase resulted in SMI gaining full ownership of North Wilkesboro Speedway.
When did SMI buy North Wilkesboro Speedway?
In 1996, the company purchased half interest in North Wilkesboro Speedway in North Wilkesboro, North Carolina along with Bob Bahre of New Hampshire International Speedway (now New Hampshire Motor Speedway ). SMI moved one of North Wilkesboro Speedway 's dates to Texas Motor Speedway and Bob Bahre moved the second date to his facility.
When did SMI start?
Speedway Motorsports didn't officially incorporate until 1994. Bruton Smith began building SMI in the 1950s when he worked as a race promoter and eventually built Charlotte Motor Speedway in 1959. Smith left the racing business in the early 1960s to pursue other business ventures.
When did SMI buy New Hampshire?
On November 2, 2007, SMI announced the purchase of New Hampshire International Speedway from Bob Bahre, and renamed the facility New Hampshire Motor Speedway. This has led to speculation that SMI would move one of New Hampshire's dates to Las Vegas Motor Speedway and/or swap the date with the fall race at Texas Motor Speedway (TMS has expressed an interest in moving the fall race away from the first weekend in November, which is also the opening weekend of deer hunting season in Texas). In 2018, the fall race weekend was moved to Las Vegas.
When will the NASCAR race be held in Texas?
When NASCAR announced that Circuit of the Americas in Austin, Texas, would host the national series beginning in 2021, SMI assumed management responsibilities for the NASCAR at COTA race weekend.
Where is Speedway Motorsports located?
The company's headquarters are located at Charlotte Motor Speedway, just north of Charlotte, NC in Concord, NC.
Does SMI have a history of purchasing tracks?
SMI has a history of purchasing tracks to obtain NASCAR race dates. The company's purchases and closures of the tracks in order to obtain a second NASCAR date for Texas Motor Speedway led to the Ferko lawsuit .
Overview
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a wholly owned subsidiary of …
History
Speedway started in 1952 as Speedway 79, the name of a gasoline chain based in Michigan. Unlike other gas station chains at the time, Speedway 79 did not have a service station to perform vehicle maintenance, but rather vending machines that focused on cigarette and soft drink sales, giving their locations the nickname "Smokes and Cokes". The "79" denoted the octane rating of Speedway'…
Separation from Marathon and sale to Seven & i Holdings
In late 2018, Marathon announced their intentions to spin-off Speedway into an independent company by the end of 2020.
In February 2020, it was reported that Seven & i Holdings, the parent company of convenience store chain 7-Eleven, planned to buy Speedway for $22 billion. However, due to investor concerns that the offer was too high, as well as the p…
Public Relations
A corporate partner of Children's Miracle Network Hospitals since 1991, Speedway has raised more than $100 million over the past 26 years for the charity through a variety of fundraising activities. Speedway LLC raised $10.3 million for Children's Miracle Network Hospitals in 2017.
Speedway was ranked the 4th worst company to work for in the United States in 2018, with work-life balance and senior management as major detractors to the work environment. These issue…
External links
• Official website
Overview
Speedway Motorsports, LLC is an American company that owns and manages auto racing facilities that host races sanctioned by NASCAR, IndyCar Series, NHRA, World of Outlaws and other racing series. The company was founded by Bruton Smith and has its headquarters at Charlotte Motor Speedway, just north of Charlotte, NC in Concord, NC. Speedway Motorsports owns nine racing facili…
History
Speedway Motorsports didn't officially incorporate until 1994. Bruton Smith began building SMI in the 1950s when he worked as a race promoter and eventually built Charlotte Motor Speedway in 1959. Smith left the racing business in the early 1960s to pursue other business ventures. He became very successful and by 1975 had owned majority shares in CMS and took over as CEO. A year later he appointed H.A. "Humpy" Wheeler as general manager. Smith began to expand CMS, …
Notable purchases
SMI has a history of purchasing tracks to obtain NASCAR race dates. The company's purchases and closures of the tracks in order to obtain a second NASCAR date for Texas Motor Speedway led to the Ferko lawsuit.
In 1996, the company purchased half interest in North Wilkesboro Speedway in North Wilkesboro, North Carolina along with Bob Bahre of New Hampshire International Speedway (now New Hamp…
Principal subsidiaries
Tracks
• Atlanta Motor Speedway, Inc.
• Bristol Motor Speedway, Inc.
• Charlotte Motor Speedway, Inc.
• Las Vegas Motor Speedway LLC
Principal competitors
• International Speedway Corporation
External links
• Official website
• Company profile