The term of the Franchise Agreement is 15 years, with an option to renew for an additional 10 years. The initial franchise fee is $55,000, with a continuing royalty fee of 4% of gross sales. There is also a marketing fund contribution of 2.5% of gross sales.
Full Answer
Where was the first convenience store in the Northeast?
Is Cumberland Farms a good place to work?
About this website
Who owns Cumberland Farms franchise?
EG GroupCumberland FarmsTypePrivateProductsConvenience stores Gas stationRevenueUS$6.3 billion (2018)Number of employees6,000ParentEG Group (2019–)9 more rows
Did Cumberland Farms get bought out?
Cumberland Farms is owned by EG Group, whose U.S. headquarters are in Westborough. EG Group, a United Kingdom gas station and convenience store retailer that purchased the Westborough-based Cumberland Farms chain in 2019, will invest $50 million in a rebranding effort across the East Coast.
Does Cumberland Farms own Loaf N Jug?
Loaf 'N Jug is a chain of convenience stores/gas stations, owned by EG America, headquartered in Westborough, MA.
Who is the CEO of Cumberland Farms?
Ari N. Haseotes (Jul 1, 2014–)Cumberland Farms / CEOAri Haseotes serves as the CEO / President of Cumberland Farms. Ralph Takala serves as the Senior VP & CFO of Cumberland Farms.
How much is the Haseotes family worth?
$3.9 billionForbes has estimated the family's net worth at $3.9 billion. Ari Haseotes, the brother of Byron Haseotes Jr., is the CEO of Cumberland Farms. County records show the family owns four properties in Wellington, Florida.
Who owns Wawa corporation?
Many Wood family members are active in the company. Although Wawa is a family-run business, Wawa associates own roughly 50% of the company, more than 40% of which is owned through the company's employee stock-ownership program.
Did Cumberland Farms buy out Tom Thumb?
— EG Group has completed the first conversions of Tom Thumb convenience stores to the Cumberland Farms brand on the Gulf Coast. It has opened three rebranded stores and projects that it will open more than 50 rebranded locations by the end of 2022 and 50 more in 2023.
Who owns QuikStop?
EG Groupwas founded and the first office opened in Fremont, CA in 1965. Leon Sayous becomes the first President. Today, Quik Stop is owned by EG Group and operated by EG America out of Westborough, MA.
Who bought out Tom Thumb?
EG GroupEG America, a subsidiary of EG Group, operates over 1,700 locations across ten brands throughout the USA - Cumberland Farms, Certified Oil, Fastrac Café, KwikShop, Loaf 'N Jug, Minit Mart, QuikStop, Sprint Food Stores, Tom Thumb, and Turkey Hill.
How many locations does Cumberland Farms have?
We won't stop until every one of our nearly 600 stores is converted! Our website uses cookies and similar technologies, as described in our privacy policy, for purposes that include site operation, analytics, enchanced user experience, and advertising.
Where is Cumberland Farms headquarters located?
Framingham, MACumberland Farms / HeadquartersFramingham is a city in the Commonwealth of Massachusetts in the United States. Incorporated in 1700, it is located in Middlesex County and the MetroWest subregion of the Greater Boston metropolitan area. Wikipedia
How many Cumberland Farms are there in the US?
Cumberland FarmsHeadquarters:Framingham, Mass.No. of Stores:574Average Store Size:2,500-4,000 sq. ft.Rank:19States of Operation:Connecticut, Delaware, Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont
Did Cumberland Farms buy Fastrac?
"Our investment in Cumberland Farms, following our recent acquisitions of Fastrac, Certified Oil and Minit Mart all within a year, demonstrates our commitment to investing in convenience retail in the [U.S.] Cumberland Farms has an extraordinary heritage, one that we want to protect, develop and grow," said Mohsin Issa ...
Who owns the EG Group?
Optima Bidco (Jersey) LimitedEG Group / Parent organization
Who does eg America own?
About Us. Our Store Support Center in Westborough, MA supports all EG banners in the US: Cumberland Farms, Certified Oil, Fastrac, Kwik Shop, Loaf N' Jug, Minit Mart, Quik Stop, Tom Thumb, and Turkey Hill.
Does Cumberland Farms own Gulf oil?
By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country....Gulf Oil LP.TypeSubsidiaryOwnerChevron Corporation (1985–2010) Cumberland Farms (2010–15) ArcLight Capital Partners (2015–)Websitegulfoil.com9 more rows
Cumberland Farms, Inc. Company Profile - Dun & Bradstreet
Find company research, competitor information, contact details & financial data for Cumberland Farms, Inc. of Westborough, MA. Get the latest business insights from Dun & Bradstreet.
Cumberland Farms, Inc. -- Company History
Statistics: Private Company Incorporated: 1957 as Cumberland Farms Dairy, Inc. Employees: 3,800 Sales: $1.32 billion (1995) SICs: 2051 Bread & Other Bakery Products, Except Cookies & Crackers; 5172 Petroleum & Petroleum Products Wholesalers, Except Bulk Stations & Terminals; 5411 Grocery Stores; 5541 Gasoline Service Stations Company History: Founded in 1938 as a one-cow dairy farm, Cumberland ...
Cumberland Farms Inc - Company Profile and News
Company profile page for Cumberland Farms Inc including stock price, company news, press releases, executives, board members, and contact information
Cumberland Farms | Company Overview & News - Forbes
Cumberland Farms, Inc. owns and operates convenience stores and gas stations. It also purchases, sells, leases and manages commercial strip centers and
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Traditional franchise investors who want to manage their financing and store development directly or make the investment in owning the land and building can certainly do so.
Or Contact Us Now About Owning Your Own Farm Stores
We’d love to tell you more about the exciting advantages of bringing a Farm Stores franchise to your market. To take the first step and ask to be considered, please fill out our quick info request form below.
Why Explore A Farm Stores Franchise?
Farm Stores is America’s largest and original drive-thru grocery store. We’ve been a favorite neighborhood stop for generations of Floridians since 1957.
What is a farm store?
Farm Stores sells the grocery and foodservice items that consumers purchase most frequently and delivers them in the most convenient way possible – via small, drive-thru locations.
Does a franchise need a FDD?
This website and the information contained herein does not constitute the offer or sale of a franchise. There are certain states that require the registration of a FDD before the franchisor can advertise or offer the franchise in that state. This franchise may not be registered in all registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states until compliance guidelines are met. The offer and sale of a franchise can only be made through the delivery and receipt of a Franchise Disclosure Document (FDD).
How many employees does Pepperidge Farm have?
We have over 5,000 employees, 4,000 independent distributors, and 200 products in all 50 states and in 40 countries.
What is Pepperidge Farm?
Pepperidge Farm is a leading provider of premium-quality fresh breads, cookies, crackers and frozen baked foods, and is ranked by consumers as one of the world's most beloved and recognized brands.
Is Pepperidge Farm a distributor?
Owning a Pepperidge Farm Distributorship can be both personally and financially rewarding. As an independent distributor, you benefit from the backing and outstanding reputation of the Pepperidge Farm brand and organization, as well as the independence and satisfaction that can only come from working for yourself. You manage an exclusive territory which you develop as an independent business, selling and delivering either Pepperidge Farm Bakery or Snakes products to retail stores. Every independent distributor (known as sales development associates-SDAs) brings to their business their own experiences, talents, creativity and drive.
How many states does Cumberland Farms operate in?
Cumberland Farms operates 566 retail stores, gas stations, and a support system including petroleum and grocery distribution operations in 8 states: Connecticut, Florida, Massachusetts, Maine, New Hampshire, New York, Rhode Island, and Vermont . Its original colors were navy blue and orange, but in 2009, they rebranded with a new logo and colors ...
When did Cumberland Farms close?
According to management, these sales and closures were to redeploy capital to their remaining stores and new builds. In July 2018, Cumberland Farms closed several Florida locations to focus their attention on the state's East Coast.
What colors does Cumberland Farms have?
Its original colors were navy blue and orange, but in 2009, they rebranded with a new logo and colors (navy blue and green). The new logo change marked the beginning of the transformation of Cumberland Farms stores from older, legacy stores to new AIM stores that now include numerous new fresh food items such as pizza, chicken sandwiches, subs, and a roller grill. Cumberland Farms offers a large assortment of food service items, candy, snacks, and chilled drinks, which it calls "The Chill Zone", along with Cumberland Farms branded chips, pastries, candy, and coffee, etc.
Who wrote the Cumberland Farms ad?
In the late 1960s the Cumberland Farms had a successful ad campaign that helped expand their franchise, in part due to catchy jingles written by Brad Delp, who later co-founded the rock band Boston with Tom Scholz .
Where did the Haseotes farm?
In 1938, Vasilios and Aphrodite Haseotes purchased a single-cow farm in Cumberland, Rhode Island , which eventually grew into the largest dairy farm in Southern New England. Cumberland Farms opened a dairy store in Bellingham, Massachusetts, in 1958 and the first convenience store in the northeastern United States in 1962.
Where was the first convenience store in the Northeast?
Vasilios and Aphrodite Haseotes bought it in Cumberland, Rhode Island in 1939, along with their very first cow. In 1962, Cumberland Farms opened up the first ever convenience store in the Northeast. Way back in 1972, we were one of the first places anywhere to offer self-serve gasoline.
Is Cumberland Farms a good place to work?
Cumberland Farms is proud to be certified as a 2019-2020 Great Place to Work!
