The company's wide array of locations makes it easy to find a Speedway near, and its competitive pricing makes it a great choice for budget-minded drivers. Speedway is a franchise concept in the Retail Products and Services industry. It is also considered a Convenience Store franchise.
Why choose Speedway?
To be the customer's first choice for value and convenience. 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.
How many stores does Speedway have in the US?
With approximately 3,900 stores located coast to coast, Speedway is the nation's second largest company owned and operated convenience store chain. Speedy Cash Prepaid Cards give you the power, ease, and convenience of a credit card—without the monthly bill and finance charges!
Can You franchise Express convenience?
Financing is available for Express Convenience franchises. Marathon brand gas stations with convenience stores are available to franchise across the U.S. In fact, Marathon stations are primarily owned and ran by independent entrepreneurs. In 2015, Marathon brand retail outlets sold around 5.02 billion gallons of vehicle fuel.
Are gas station franchises a good idea?
With billions of dollars’ worth in annual sales, gas stations are big business in the United States. Gas station franchises offer the chance for individuals to jump on the gasoline retail bandwagon and run a busy and profitable business. Small Business Trends takes a look at 16 gas station franchise businesses throughout the U.S.
What is Speedy Rewards?
Does Speedway have a code of business conduct?
Is Speedway a community organization?
About this website
How much does it cost to buy a Speedway franchise?
Frequently Asked QuestionsInvestmentLowHighInitial Fee$25,000$25,000Security Deposit$25,000$100,000Opening Inventory & Supplies$50,000$75,000Operating Capital$63,000$175,0001 more row
Who owns Speedway franchise?
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.
Who owns the Speedway gas stations?
7‑ElevenMarathon OilSpeedway/Parent organizations
Is Speedway being bought out?
"We are very excited to welcome Speedway into the 7‑Eleven family," said 7-Eleven President and CEO Joe DePinto upon the acquisition.
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.
Is Speedway and 7-Eleven the same company?
Back in 2021, 7-Eleven completed its acquisition of Speedway. This means these local Speedway stores and 3,800 others nationwide will soon fully operate under 7-Eleven's branding. “The acquisition brings 7Eleven's total North American portfolio to approximately 14,000 stores," according to Supermarket News.
Where does Speedway get its gas from?
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.
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.
Why is it called 7 11?
Where does the name 7-Eleven come from? In 1946 the name was changed to 7-Eleven to reflect new extended hours – 7am to 11pm, seven days a week.
Is 7-Eleven buying out Speedway?
In April 2021, 7-Eleven and Findlay, Ohio-based Marathon Petroleum agreed to divest 293 convenience stores in local markets across 20 states to settle FTC concerns that 7-Eleven's acquisition of Speedway violated federal antitrust laws. The deal closed legally on May 14 despite new FTC objections.
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
Is Speedway the same as Shell?
Speedway is a subsidiary of Marathon Petroleum Oil, which also owns ARCO and USA branded stations. Marathon also owns one of the main gas refineries supplying Southern California – the Tesoro refinery in Torrance, which refines the same quality gas, but sold under the ARCO, Shell, ExxonMobil, and USA brands.
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.
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.
Is RaceTrac and Speedway the same company?
Each of our locations is wholly owned by our parent company RaceTrac, Inc. RaceTrac, Inc owns the site, the building, and the gas facility. Franchisee income is driven by the profits made inside the store. RaceWay collects rent on the building.
What company owns Circle K?
Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations
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Locations - Speedway
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Speedway Fuel & Speedy Rewards 17+ - App Store
Earn Points. Get rewards. The official app of Speedway and Speedy Rewards lets you start earning points on the fuel and merchandise you already buy. Then, members can redeem those points for coupons towards their favorite items or get discounts on gas with our Fuel Rewards. Gas Savings Gas P…
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.
Where did Raceway start?
RaceWay's roots go back over 75 years to 1934 when Carl Bolch, Sr. opened independent gas stations in St. Louis, Missouri, under the name Carl Bolch Trackside Stations. His strategy was to be independent of major oil companies thus be able to consistently offer lower-priced gasoline to the public.
What is Raceway's priority?
At RaceWay our #1 priority is to establish long-term, mutually beneficial relationships with outstanding operators. Joining RaceWay is the best business decision you will make. We offer assistance and guidance. We provide you with the best high-traffic locations and competitive fuel prices. We take care of the fuel supply chain, so you can focus on creating new revenue streams for your business.
When did Raceway move to Atlanta?
The company relocated to Atlanta, Georgia in 1976, and in 1979 adopted the brand "RaceTrac" for its company-operated stores. Contractor-operated stores, many of which were the original Oil Well Company stores, became branded RaceWay. Today Raceway has grown to almost 300 stores across 12 states in the Southeast with plans to open 20 additional stores in 2011.
Is Raceway a franchise?
RaceWay is listed in the Franchise Directory under the Automotive category and the Retail category. It's also listed in the section for Franchises Under $60,000 .
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.
What is a successful franchise applicant?
Successful franchise applicants will be given all the necessary tools and logistics to create and sustain their business.
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 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.
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.
Who bought Speedway in 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 potential impact the COVID-19 pandemic would have on the economy, the company abandoned the idea the following month.
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.
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.
Is Express Mart rebranded as Speedway?
On April 16, 2018, it was announced that all 78 Express Mart locations were being re-branded as Speedway locations, which follows Marathon's acquisition of Express Mart, a chain based in Syracuse, NY that co-branded with competitors such as Sunoco and Mobil. Speedway and MPC closed on the acquisition of Express Mart in November 2018 after being required by the FTC to divest of 5 stores. In 2019 they purchased 33 NOCO Express locations in Western New York. On October 31, Marathon Petroleum has announced the plans of spinning off Speedway into an independent company.
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.
