Speedway Gas station franchise – located in a southern TC suburb. Established for 26+ years with the current owner owning it since 2013. This is a very nice gas/convenience store, located in a fast-growing community with a strong customer base.
How does the Speedway gas station franchise work?
Speedway has more than 1,400 stores in the United States, and the gas station franchise ranks fourth among gas station and convenience store chains. The program allows customers to earn credit toward fuel, gift cards or merchandise by purchasing items at Speedway convenience stores or fuel at its gas stations.
How many gas stations does Speedway have in the US?
What states are Speedway gas stations in? Speedway has more than 1,400 stores in the United States, and the gas station franchise ranks fourth among gas station and convenience store chains.
How many gas station franchises are there in the US?
Small Business Trends takes a look at 16 gas station franchise businesses throughout the U.S. 7-Eleven has more than 8,600 convenience stores, many of which have gas stations, across the U.S. 7-Eleven aims to make franchising easy and convenient.
Is there a dash in gas station franchise?
Dash In provides franchising opportunities for its gas stations and convenience stores across the U.S. Dash In gas been franchising since 1979 and has 58 franchise units available. 7. On the Run
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.
Who owns the Speedway franchise?
7-ElevenSpeedway 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.
Who owns Speedy gas stations?
7‑ElevenMarathon OilSpeedway/Parent organizations
Are 7-Eleven and Speedway the same company?
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.
Are Speedway stores franchised?
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.
Will Speedway be rebranded?
Its owner, Marathon Petroleum, has agreed to sell the chain to the owner of 7-Eleven, creating a gas station giant. All 4,000 Speedway stations will soon become 7-Eleven gas stations. That means Slurpees will soon replace Speedy Freezes.
Is Speedway owned by Shell?
Speedway is a subsidiary of Marathon Petroleum Oil, which also owns ARCO and USA branded stations.
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.
Is Speedway Top Tier gas?
Speedway is a licensee of Top Tier gasoline, and all retail locations must meet those quality standards. The company uses Gilbarco, Dresser Wayne and other fueling systems. A key hallmark of the Speedway brand is its Speedy Rewards loyalty program.
Who is the largest convenience store chain?
The Top 100 Convenience Store Chains of 2022 spot again this year is Irving, Texas-based 7-Eleven Inc. with a total U.S. store count of 12,702, followed by Laval, Quebec-based Alimentation Couche-Tard Inc. ... with a total U.S. store count of 5,714. ... with a total U.S. store count of 2,448.
Is Speedway Express gas good?
Speedway may not be a Top Tier fuel retailer, but we've encountered no reports or complaints that its product is poor quality. However, if you're specifically looking for Top Tier gas, you may want to look elsewhere.
Who did 7/11 buyout?
WASHINGTON — Following a public comment period, the Federal Trade Commission (FTC) has approved a final order settling charges that 7-Eleven's acquisition of Marathon Petroleum's approximately 3,900-unit Speedway subsidiary, which closed in May, violated federal antitrust laws.
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.
When did 711 acquire Speedway?
7-Eleven's $21-billion acquisition of Speedway was first announced in August 2020 before customary regulatory approvals and closing conditions. The deal successfully closed on May 14.
Why did Marathon Petroleum sell Speedway?
Struggling with lower sales, Marathon announced last week that it would not restart two refineries in New Mexico and California that it had idled in April.
What is Speedy Rewards?
Speedy Rewards is our way of saying “thanks” for being a loyal customer of our stores. It costs absolutely nothing to become a member of Speedy Rewards. Through your purchases of fuel and merchandise, you will earn points that can be redeemed for gift cards or free merchandise.
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.
Is Speedway a community organization?
Speedway is also committed to community involvement. We are the largest contributor within the convenience store industry to Children's Miracle Network Hospitals. In addition, our corporate headquarters works hard throughout the year in contributing to the United Way. Both of these organizations are important to Speedway in that the funds collected stay within the communities in which they were raised.
How much does it cost to franchise an AMPM gas station?
The financial requirements for an AMPM franchise includes an initial investment of between $400,509 and $7,807,883 and a liquid cash sum of $800,000 – $1,200,000. In-class sessions and hands-on training is provided with AMPM gas station and convenience store franchises.
How much does a franchise cost?
Franchisees are required to pay an initial franchise fee, which varies by store, as well as a down payment on the store’s opening inventory of approximately $20,000.
How long has Express Convenience been in business?
Express Convenience has been franchising since 1984. The gas station and convenience store franchise has a total of 19 franchise units located in the Midwest. With a $165 – $200,000 total investment, franchisees are provided with training to help their business. Financing is available for Express Convenience franchises.
How much does it cost to franchise Street Corner?
An initial investment of $45,645 – $1,479,800 is required for a Street Corner franchise and franchisees must make a net-worth of $100,000.
What is a Quik Stop franchise?
The Quik Stop franchise offers motivated entrepreneurs the opportunity to run their own retail and gas station store. Quik Stop franchise business owners receive classroom and in-store training, marketing support, promotional advertising, bookkeeping and accounting assistance and ongoing business consultation.
When was the Extramile franchise established?
The ExtraMile franchise brand was established in 2007 and has gone on to expand to more than 200 stores. Successful candidates for an ExtraMile franchisee recieve support from the Chevron Corporation in areas training, advertising, ongoing business advice and mechanizing.
What is a successful franchise applicant?
Successful franchise applicants will be given all the necessary tools and logistics to create and sustain their business.