How much does RaceTrac pay an hour? Currently, an entry-level store associate makes between $9 to $10 an hour, depending on the location. After approximately 6 months of hard work, the same associate can be promoted to shift manager and receive an approximate raise of $2 an hour.
Full Answer
How much does it cost to open a RaceTrac franchise?
How much does it cost to open a RaceTrac Franchise? The estimated investment required to open a RaceTrac Franchise is between $1,000,000-$1,400,000. There is an initial franchise fee of $25,000 which grants you the license to run a business under the RaceTrac name.
What are the qualities of a good RaceTrac franchisee?
RaceTrac franchisees should have strategic agility, business acumen, integrity and the ability to build an effective team. Ideal candidates will possess a desire to join a hands-on business opportunity where franchisees are actively involved in the day-to-day operations.
Why work at RaceTrac?
As a pioneer and leader in the retail convenience industry, RaceTrac is capitalizing on its existing store locations and expertise in fuel and merchandise retailing to recruit and support qualified entrepreneurs. *Figures reflect averages for the following three (3) locations: 2315 Citrus Tower, 88 Jacobs Road, and 181 Mount Dora.
Where is RaceTrac located?
Headquartered in Atlanta, Georgia, family-owned RaceTrac has been serving guests since 1934 and now operates over 500 convenience store locations in Georgia, Florida, Louisiana and Texas.
How long does Racetrac keep its location open?
What is Raceway prohibited from selling?
Is Raceway a franchising opportunity?
Can you contract out food options with Raceway?
Can you own multiple units at Raceway?
Is there a franchise fee for Racetrac?
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About this website
How much is RaceTrac franchise?
The initial investment is approximately $1 - $1.4 million. What is the franchise fee? The franchise fee is $25,000. Do I need to locate, purchase, or build my store?
Can you franchise race track?
RaceTrac franchise opportunities are for entrepreneurs with business acumen, integrity, and strategic thinking. The main requirement for a franchisee is a willingness to be actively involved in growing the business.
Who owns RaceTrac service stations?
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
Is Speedway owned by RaceTrac?
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.
Is owning a race track profitable?
Owning a racetrack can be a profitable business for anyone with a background in auto sales, auto repair, retail auto parts, hospitality, or anyone with a love for racing and a passion for business and people.
How much does it cost to build a 1 mile race track?
An asphalt road costs, on average, $70 to $170 per linear foot. For a one-mile, two-lane race track, it would cost anywhere from $370,000 to $900,000.
What is the richest gas station company?
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....Circle K supplies their stations with gas from brands including:Shell.Valero.BP.Exxon Mobil.Phillips 66.
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.
Where does RaceTrac get its gas from?
Racetrac and raceway buy from Metroplex Energy, which is a wholesaler that is a wholly owned subsidiary of Racetrac's parent company. Metroplex buys from multiple refineries, however the gas additives are all a specific mix added by each refinery so that the end product is the same.
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.
Is RaceTrac gas top tier?
Racetrac is not considered a top tier gas.
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.
How many acres do you need for a race track?
THE MINIMUM acreage required for building a half-mile track is approximately 17.5 acres, compared to 27 acres for a five-eighths-mile track and 55 acres for a mile track.
How do race tracks make money?
Racetracks that are still single entities – in other words, do not have casinos aligned with them – also charge admission (which, again, varies depending on the track, but is usually around $5), and all tracks make money off of concessions, advertisements, programs and souvenirs.
Are Nascar tracks privately owned?
International Speedway Corporation (ISC) was a corporation whose primary business is the ownership and management of motorsports race tracks. ISC was founded by NASCAR founder Bill France Sr....International Speedway Corporation.FormerlyBill France Racing, Inc.Traded asNasdaq: ISCAIndustryMotorsportsFounded1953FounderBill France Sr.9 more rows
How do you create a race track?
Five rules that drive racetrack designDon't make your track too hard to drive. ... Aim to create a circuit that works for a variety of car set-ups. ... Topography is key. ... Design your circuit for your target market. ... Asphalt run-off is safest, but there's still place for gravel traps.
Speedway Selling 166 Former Gas Stations, Other Properties - CSP Daily News
Facebook; Twitter; LinkedIn; ENON, Ohio — Speedway has put 166 former Speedway, SuperAmerica, Hess and Tesoro gas station sites and parcels of undeveloped land in 22 states up for sale. One hundred of the sites and properties are in Indiana, Michigan and Ohio, and 66 are in Alaska, Arizona, Colorado, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Minnesota, New Jersey, New ...
RaceTrac Gas Station for Sale | RaceTrac
View nearby RaceTrac gas stations for sale and see where your next investment will be. Learn more about our gas station locations now.
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.
How to contact Racetrac franchise?
Questions? Please reach out to (866)-526-0549 or [email protected]
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.
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.
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 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.
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 ...
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.
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.
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 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.
