What is Love’s Travel Stops&Country Stores?
Love’s Travel Stops & Country Stores is headquartered in Oklahoma City, Oklahoma. Founded in 1964, Love’s has more than 510 locations in 41 states. Love’s provides professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, travel items, electronics, snacks and more.
Where are love's truck stops located?
Love's Travel Stops & Country Stores (commonly referred to as Love's) is an American family-owned chain of more than 500 truck stop and convenience stores in 41 states in the United States. The company is privately owned and headquartered in Oklahoma City, Oklahoma.
How much does it cost to open a truck stop franchise?
In addition, just like convenience stores, one popular option is to open a franchise. 3. Mechanic/Service Station: $115,000 – $320,000 Most truck stops have an on-site service station, and this can bring many customers to the truck stop, whether they are offering light maintenance services, preventative services, or a full – blown mechanic.
What is a truck stop business model?
Although truck stops are primarily geared toward truck drivers, average motorists also rely on truck stops for a variety of travel services. Originally intended to be refueling stations, the truck stop business model has expanded to include parking, food, showers, convenience retail and other services for over-the-road drivers.
Is Loves truck stop owned by Pilot?
To settle antitrust concerns with the Federal Trade Commission, Pilot sold 20 Pilot Travel Centers locations and six Flying J locations to Love's Travel Stops & Country Stores on June 30, 2010. The merger left the combined company with over 550 locations in 44 U.S. states and six Canadian provinces.
Who is the owner of Loves truck stop?
Love's remains family-owned and operated. Tom and Judy Love have been married for over 55 years, and they live in Oklahoma City. Judy is secretary of Love's Travel Stops and president of Love's Family Foundation.
How much does it cost to franchise a TA?
How much does a franchise cost with TA? Because facility size and amenities vary by brand, the cost to open a franchise location varies as well. Converting an existing facility to a TA Express will cost approximately $1.5 million, while building a new TA or Petro location can cost as much as $26.5 million.
How much is the owner of Loves truck stop worth?
The couple owns Love's Travel Stops & Country Stores, known as 'Love's', a chain of more than 300 truck stops and convenience stores. In 1964, the Love duo started Musket Corporation, with only $5,000 to lease an abandoned station in Watonga, Oklahoma....Tom and Judy Love Net Worth.Net Worth:$5 BillionGender:Male
What is the most popular truck stop?
Largest Truck Stop Chains in AmericaPilot Flying J. With over 740 locations in 44 states, Pilot Flying J is the largest travel center operator in North America. ... Love's Travel Stops. Founded in 1964, Love's has over 550 locations in 41 states. ... TA Travel Centers/Petro Truck Stops. ... Sapp Bros Travel Centers.
Whats Tom Loves net worth?
TOM and JUDY LOVE • Net Worth $9 Billion • Yacht • House • Private Jet • Loves Travel StopsName:Tom LoveNet Worth:$9 billionSource of Wealth:Love's Travel Stops & Country StoresBorn:October 1937Age:856 more rows
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
Is a franchise fee a one time payment?
FYI: Monthly royalties are where the profits are for franchisors-not the upfront franchise fee, which is a one-time payment. As shown above, franchise fees are a necessary part of franchising.
What percentage do franchise owners make?
The largest fee is made upon initial buy-in of the franchise and requires a large sum of upfront cash. Then, most franchisors will collect royalty fees in percent or fixed form. Percent fees are based on total gross sales and are usually between 5 – 9%.
Is Love a Fortune 500 company?
The company is privately owned and headquartered in Oklahoma City, Oklahoma. Love's ranked No. 17 on the 2019 Forbes list of America's largest private companies....Love's.A Love's Travel Stops & Country Store in Bushnell, Florida, August 2019HeadquartersOklahoma City, Oklahoma , United StatesNumber of locations500 (2019)11 more rows
How many Love's truck stops are there in the United States?
Founded in 1964 and headquartered in Oklahoma City, Love's Travel Stops & Country Stores has more than 590 locations in 42 states, providing professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, Compressed Natural Gas (CNG), travel items, electronics, ...
Where is Love's headquarters?
Oklahoma City, OKLove's / Headquarters
Where does Tom and Judy Love live?
Oklahoma CityTom and Judy Love married on December 26, 1961. They have four children and live in Oklahoma City, US.
How did Loves Truck Stop get its name?
In 1964, Tom and Judy Love spent $5000 (equivalent to $43,700 in 2021) to lease an abandoned service station in Watonga, Oklahoma, an hour northwest of Oklahoma City.
Where is Love's headquarters?
Oklahoma City, OKLove's / Headquarters
How Much Is Flying J Worth?
360 on its 400 Richest Americans list, with an estimated net worth of $1.2 billion.
How many trucks does Gemini have?
Gemini Motor Transport operates a fleet of more than 1,050 trucks. Gemini drivers transport fuel and other products to Love's locations nationwide and ethanol to terminals throughout the U.S. Over the years, Gemini has been one of the industry's safest transportation companies.
What is Musket Corporation?
Musket Corporation specializes in commodity supply, trading and logistics across North America. Providing expertise on both a marketing and operational level for our customers, Musket handles billions of gallons of crude oil, NGL, natural gas, petroleum products, renewable fuels and DEF every year and continues to grow.
Where is Love's Travel Stop?
A Love's Travel Stop on I-40 in Choctaw, Oklahoma. Love's Travel Stops & Country Stores (commonly referred to as Love's) is an American family-owned chain of more than 500 truck stop and convenience stores in 41 states in the United States. The company is privately owned and headquartered in Oklahoma City, Oklahoma.
When did Taco Bell partner with Love's?
In 1985, Love's added gifts and novelties. Then in 1993 , Taco Bell became a partner, opening a co-branded location in Oklahoma City. The success of this partnership quickly grew.
What was Musket's first one stop store?
He launched a new concept in Watonga: the "Mini Stop Country Store". By adding a grocery line to their self-service fuel sales, Musket became one of the nation's first to offer one-stop shopping for travelers. The Mini Stop was successful and the company quickly opened more stores in western Oklahoma.
What is Love's ranked?
Love's ranked No. 17 on the 2019 Forbes list of America's largest private companies. Love's has two primary kinds of stores: country stores and travel stops. Country stores are fueling stations with a convenience store attached.
Where is Love's logo on the Oklahoma City Thunder jersey?
The agreement allows Love's to prominently place its logo on the front left shoulder of all Oklahoma City Thunder jerseys. They also have had a long-standing sponsorship deal with NASCAR Cup Series team Front Row Motorsports, and were on Michael McDowell 's car when he won the Daytona 500 in 2021 .
Is Fresh Daily Deli still called Love's Subs?
The Fresh Daily Deli is branded today as Love's Subs. By the end of 1981, the company reached a milestone with 100 Love's Country Stores locations in operation. The in-store decor was changed from the previous dark country look to a brighter theme.
What is truck stop business?
Originally intended to be refueling stations, the truck stop business model has expanded to include parking, food, showers, convenience retail and other services for over-the-road drivers. Highly entrepreneurial by nature, truck stop owners and truck stop chain executives are constantly looking for new ways to expand their services and capture a larger share of the marketplace.
When did truck stops start?
Truck stops have been around since the 1940s and have quickly become a staple of travel in the U.S. Although truck stops are primarily geared toward truck drivers, average motorists also rely on truck stops for a variety of travel services.
What to know before opening a business?
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Do truck stops talk to you?
Thankfully, an owner of a a truck stops business outside of your community will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. Many business owners are happy to give advice to new entrepreneurs In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Is stabile demand good for trucking?
From the beginning, stabile demand should be your primary concern. In a sense, truckers and drivers are a captive audience. Many highways offer few service alternatives, so as long as there is a road running alongside your truck stop, your business will benefit from relatively steady demand.
Is a truck stop business better than a startup?
From a financial perspective, you'll receive more income sooner in a business purchase than you will in a startup.
Do truck stop entrepreneurs worry about things?
Entrepreneurs tend to worry about a lot of things -- and truck stop entrepreneurs are no exception. Some things are worth worrying about. But in general, factors that are beyond your control aren't worth losing sleep over.
What is truck stop marketing plan?
A truck stop marketing plan is more or less the blueprint for determining the products and services the stop offer, the type of competition it will face, and the consumer segment it plans to target. A well detailed marketing plan must include details on how to best reach the target customers through advertising and various promotions. Truck stop business plans can range from several pages long to comprehensive, manual – like volumes.
How much does it cost to build a truck stop?
From the detailed insight above, the cost of building a well fitted truck stop in the United States will be around $2,000,000 to $4,500,000.
What is truck stop shower?
A truck stop shower is akin to those you would find in a hotel room or inn. They are relatively high quality, amazingly clean, and professionally maintained.
What does it mean to operate a convenience store?
Operating a convenience store means managing convenience store staff, and given that working in a convenience store is usually a minimum wage job, employee turnover is exceptionally high. A burden is often placed on store owners to step in to cover missed shifts and the time between employees.
What is the difference between fuel and convenience store?
Fuel may be what brings customers to your location, but your convenience store is where you stand to make money. Unlike fuel sales, which are more restricted in pricing flexibility, the goods sold in a convenience store generally have a much higher profit margin.
What factors come into play when considering the cost of building a truck stop?
Aside the cost of land, which will primarily depend on the location and visibility, there are other factors that come into play when considering the cost of building a truck stop. For instance, when you picture a truck stop, do you think about a single canopy, or an all – amenities travel centre?
Can truckers weigh in before leaving?
Being able to weigh in before stopping and leaving is therefore hugely popular with truckers, and companies can install and manage scales at their truck stops, with the truck stop owners taking either rent or a percentage of the sales.
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Huge Potential, Prime location and Absantee run for sell or lease !!
We have truck repair, truck part store can be opened , parking available ,restaurant operations (ready to go) and tire store can be opened etc. We are open to sell lease or collaborate. owner is out of state and fully absentee.
Florida Truck Stop development opportunity
Prime interstate 10 commerical land available for truck stop development. This is could possibly be approved for a Major Brand Truck Stop.
SBA Approved - Auto Tire Shop and Service Center in Southern Kentucky
This company meets the automotive repair, tire, and wheel needs of customers in southern Kentucky. They offer competitively priced consumer tires, commercial tires, farm tires, industrial tires, and OTR tires from some of the industry’s best tire brands, including MICHELIN®, Goodyear, and Dunlop.
Interstate 40 Truck stop development land
Major freeway location (I 40) This site is a truck stop development project. feasibility study shows very high gas and diesel volume and store sales please call for more infomation. lot size 15 acres.
Gas station for sale
Interstate gas station with truck diesel doing 70,000 gallons and 60,000 inside sale . Located on busy interstate exit . Gas & Diesel average margins high inside margins . Gaming just started and 8000 a month gaming profit . Absentee owner . Add food , pizza etc . High margins . Truck parking . Call AJ 916 - 995-0783 for more information .
Mini truck stop for sale
Interstate Branded truck stop doing 140,000 gallons and 130,000 inside sale . Located on busy interstate I - 80 exit . Gas & Diesel average margins 50 cents and high inside margins . High gross profit . No competition . Truck parking . Call AJ 916 - 995-0783 for more information .
Branded Truck Stop For Sale (Business Only) In Fort Worth, TX
P-10482 Inside sale: $110,000/m Gas: 150,000 gallons (jobber contract rack + penny) Other income: $1500 Rent: $15,000 + NNN Game machines can be added, current owner does not have any source of extra income Asking price: $300,000 + Inventory **Proof of funds are required to get further information**
Does Love's give the best fuel mileage?
For what it's worth, Love's gives us the worst fuel mileage in our commercial rig. We loose anywhere from 1/2 mpg to 1 mpg when we fuel at Love's. Needless to say, we haven't fueled there in about 4 years. Of all the major truck stops (TA & Petro and Pilot & FJ), Pilot & FJ give us the best mileage. TA & Petro are in between.
Is Loves diesel cheaper than Flying J?
A /little over a month ago, Loves had diesel in Hutchins, TX for about $.15/ gallon lower than Flying J. On the way back from Death Valley, we stopped at Flying J in east El Paso and it was all tore up under construction. Went across the street to Loves and purchased fuel for $.07/ gallon cheaper. Flying J is no longer a bargain.
