How much does a RaceTrac franchise cost?
What is the initial investment? The initial investment is approximately $1 - $1.4 million. What is the franchise fee? The franchise fee is $25,000.
How do I start a RaceTrac?
How to open a RaceTrac franchise?Ensure you have adequate capitalization. ... Appreciate the investment required for a restaurant franchise. ... Evaluate your prior experience and strengths. ... Assess market availability. ... Submit your application. ... Receive approval & opening your RaceTrac franchise.
What is the biggest gas station franchise?
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $285.6 billion and 71,100 employees. As of 2022, the US gas station industry has a market size of $138.3 billion. There are over 145,000 gas stations across the US.
Who owns RaceTrac service stations?
RaceTrac, Inc.RaceTrac, Inc. is an American corporation that operates a chain of gasoline service stations across the Southern United States. The firm is Georgia's third largest private company, with sales of $9.1 billion in 2013. RaceTrac, Inc....RaceTrac.TypePrivateWebsitewww.racetrac.com8 more rows
What does Texas RaceTrac pay?
Average RaceTrac Petroleum, Inc. hourly pay ranges from approximately $9.66 per hour for Cashier to $13.43 per hour for Retail Sales Associate. The average RaceTrac Petroleum, Inc. salary ranges from approximately $22,000 per year for Assistant Store Manager to $40,000 per year for Gas Station Attendant.
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...•
Which gas station has best franchise?
Here are the top 10 best gas station franchise businesses in the USABP Gas Station Franchise. Founded in: 1909. Franchising since: 1996. ... 7-Eleven. Founded in: 1927. Franchising since: 1964. ... Circle K. Founded in: 1951. Franchising since: 1995. ... AMPM. Founded in: 1975. Franchising since: 1979.
Is owning a gas station profitable?
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year.
Where does RaceTrac get its gas from?
“Each day, RaceTrac transports enough gasoline from the Port Manatee terminal to fuel more than 20,000 Southwest Florida vehicles,” said Max McBrayer, chief supply officer for RaceTrac.
How much is the bolch family worth?
The clan boasts a net worth of $1.9 billion. The Bolch family operates RaceTrac and RaceWay convenience stores and gasoline stations throughout the South from its Atlanta headquarters. With a net worth of $1.3 billion, the family dipped from No. 156 in last year's rankings.
What family owns RaceTrac?
Run by Allison Moran Bolch, the granddaughter of founder Carl Bolch Sr., RaceTrac and RaceWay operate a chain of convenience stores and gasoline stations throughout the American South. The company was started in St. Louis, Missouri in 1934.
How much is a Chevron gas station franchise?
One of them is Chevron which has been operating for over 140 years. How much does it cost to open a Chevron gas station franchise? The average cost is $1.5 million to $2.5 million per unit. You'll also need a minimum liquid capital of $500,000 to qualify.
How much does an Exxon franchise cost?
It became the flagship store for Exxon and Mobil stations in 2000 after the two oil companies merged in 2000. The initial investment to open an On the Run store is around $5,00,000 with an additional cash flow requirement of $1,00,00.
Is Shell gas station a franchise?
Shell offers franchise opportunities for suitable candidates. Successful applicants are required to have at least 10 percent unencumbered cash of the total capital required for investment.
How much does it cost to own a gas station?
A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.
How to contact Racetrac franchise?
Questions? Please reach out to (866)-526-0549 or [email protected]
What does it mean to be a Racetrac franchisee?
If you become a RaceTrac franchisee, RaceTrac will provide you with all of the tools necessary to run a RaceTrac store, including a comprehensive training program and our proven experience in marketing, operations and merchandising.
What is Racetrac known for?
RaceTrac is known for delivering great service to the guests who come to us for our modern, convenient locations, quality food offers and wide product selection.
Does Racetrac support you?
Our operations team will begin supporting you immediately. Our local regional team will support you with their intimate knowledge of Central Florida and our business operations. This regional support includes a direct relationship with one of our dedicated Operations Supervisors. We will also provide you with store opening support to assist with re-opening activities and make sure you get off to a great start as a RaceTrac franchisee.
RaceTrac Franchise Opportunities
RaceTrac franchise is a chain of petrol stations famous for delivering quality service, convenient locations, and wide product selection. RaceTrac franchise opportunities are for entrepreneurs with business acumen, integrity, and strategic thinking.
How to open a RaceTrac franchise?
Ensure you have adequate capitalization. In order to open the RaceTrac franchise, you must have a net worth of $700,000.
Which states regulate franchises?
Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one ...
How many fueling positions are there on a racetrack?
Most RaceTracs feature 20-24 fueling positions and a 5,000+ square foot convenience offering over 4,000 items - so you can get in and out in a flash.
Where is Racetrac located?
RaceTrac has been operating in central Florida for three decades and has more than 170 locations in the region. The company is seeking franchisees for three of those stores — one each in Clermont, Mt. Dora and DeLand.
Is Racetrac a franchise?
According to the company, RaceTrac franchise owners will benefit from the brand's conveniently located stores, comprehensive training program and proven experience in marketing, operations and merchandising. In addition, franchise owners will be able to take advantage of the company's strong brand reputation and presence in ...
How long does Racetrac keep its location open?
The agreement also requires you to keep your new location open from 6am to 11pm every day, but there is a strong encouragement to have a 24/7 presence in the community.
What is Raceway prohibited from selling?
• You have no say in certain inventory. RaceWay prohibits you from selling certain items that could be the exact items that your community wants. #N#• You are at their mercy for fuel prices. One of the biggest reasons why people come to a convenience store initially is a low fuel price. If your prices are higher than the competition, then you won’t get as much traffic into the store to purchase your inventory or eat your fresh food products.#N#• You are pretty much locked into 1 location. RaceWay doesn’t like to hand out multiple locations, so you’re in a make it or break it type of situation. For a well-researched location with a history of success, that may not be a problem. For others, it could be a huge gamble to take.
Is Raceway a franchising opportunity?
Because of the business model, however, it is important to note that this is not actually a franchising opportunity. You will be an independent contractor, running your own business, with the license to utilize the RaceWay name, branding, and food programs if you elect to have them included.
Can you contract out food options with Raceway?
For food options, you can also contract out with vendors and receive options that RaceWay has found to be successful in the past.
Can you own multiple units at Raceway?
The one primary restriction that RaceWay does have in place is that they do not usually allow multiple units to be owned by a franchisee. There are always exceptions to this rule and it often depends on the location of the stores and your ability or history of creating and maintaining a successful community presence.
Is there a franchise fee for Racetrac?
That’s right – there aren’t any franchise fees involved in this business arrangement. You’ll get to give your community competitive fuel prices and you won’t even have to worry about the fuel supply chain. That will all be taken care of for you in this RaceTrac franchise opportunity. You’ll also have the networking support of nearly 300 stores in the Southeastern United States to help with brand recognition.
About the Author
Melissa Kress is Senior News Editor of Convenience Store News. Read More
Melissa Kress
Melissa Kress is Senior News Editor of Convenience Store News. Read More
