Full Answer
Who owns Buc EE's?
Buc-ee's. Buc-ee's is a chain of convenience stores located in the Central, North, South, and Southeast regions of Texas The company is owned by Arch "Beaver" Aplin III and Don Wasek and has its headquarters in Lake Jackson, Texas.
How much money does Buc-ee’s make?
As a privately held company, there are no official revenue reports that can be confirmed. In 2016, Forbes reported Buc-ee’s revenue at $275 million. It’s reasonable to assume that number is much higher now, particularly due to the company’s growing popularity and expansion. Why Is Buc-ee’s Successful? Buc-ee’s is successful for several reasons.
What is a Buc-ee’s membership?
The membership provides unlimited access to the car wash at any Buc-ee’s for a month. In 2012, Buc-ee’s opened a new location in New Braunfels, Texas. It won the title of the world’s largest convenience store. The location is a 68,000 square foot installation, and it’s the largest of its kind in terms of square footage alone.
Is Buc-ee’s a new restaurant in 2022?
Although Buc-ee’s is getting a lot of hype and recognition in many cities in 2022, it isn’t a new establishment. Buc-ee’s was founded in 1982 by Arch “Beaver” Aplin III and his business partner Don Wasek. The two Texans opened their first location in Lake Jackson, Tex., and focused on selling “cheap ice” and offering “clean bathrooms.”
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Can you invest in Buc EE's?
Buc-ee is not a publicly-traded company. Will this change in the coming years? Buc-ee is a Texas-based gas station chain in Alabama, Florida, and Georgia.
How do I get a Buc EE's franchise?
Buc-ee's does not offer franchises at this time.As you may know, we don't take shortcuts with regard to the quality of our facilities, products, or staff. Franchises and publicly traded companies must constantly focus on the money, and the side effect can be reduced standards in exchange for increased profits.
Who is Buc ee's owner?
Arch "Beaver" Aplin IIIBuc-ee's founder and Texas A&M graduate Arch "Beaver" Aplin III is contributing $50 million to the university's Hospitality Entrepreneurship Program, one of the largest gifts the university has received from a single donor.
Is Bucees profitable?
Forbes estimates that Buc-ee's profit margin on major-label items is 32%, while its margins on Buc-ee's-branded stuff is 40%. Overall, Forbes estimates, the company managed to take a 35% gross profit margin on in-store sales (everything but gas).
Why can't truckers go to Buc EE's?
Buc-ee's driveways and parking lots are simply not designed for the safe and efficient use by 18-wheeler trucks.” It's true: big trucks could damage pavement, impede traffic flow and annoy the hordes of tourists coming through Buc-ee's, many of them getting off buses – a large vehicle Buc-ee's does allow.
How much does a Buc ee's location make a year?
Locations and Average Salaries. The average salary of Buc-Ee's, Ltd. is $229,302 in the United States. Based on the company location, we can see that the HQ office of Buc-Ee's, Ltd. is in LAKE JACKSON, TX.
How many Bucees are there in the world?
Buc-ee'sTypePrivateFounded1982FoundersDon Wasek Arch "Beaver" Aplin IIIHeadquartersLake Jackson, Texas , U.S.Number of locations434 more rows
Where is the largest Buc EE's?
The store along Interstate 10, just an hour outside of Austin will span more than 75,000 square feet, making it the largest Buc-ee's ever built.
Is Buc EE's a girl or boy?
5. Buc-ee's is named for a man, a dog, and Ipana toothpaste. Buc-ee's was originally opened by Arch "Beaver" Aplin and Don Wasek.
Who is Bucees biggest competitor?
Buc-ee's's CEO, Arch Aplin, currently has an approval rating of 76%. Buc-ee's's primary competitors are 7-Eleven, Circle K Stores & QuikTrip.
How much money does Buc EE's bring in a day?
That's half a million dollars per day for Buc-ee's.” After adding the stop to their trip, Warner says they like the convenience Buc-ee's provides. “It's been positive every time we stop,” he said.
Is Bucees moving out of Texas?
The New Braunfels Buc-ee's will remain the biggest travel center for now, until the Tennessee shop opens at an unknown date in 2022. It'll be a “big dang deal” for Tennessee, says thesmokies.com. Buc-ee's operates six travel centers on the outskirts of Dallas-Fort Worth and 35 in the state of Texas.
How much does a gas station owner make?
In general, though, you can expect your earnings to be anywhere from $35,000 to $150,000 per Million Litre Fuel Sales and convenience store sale from 18% to 25% for overall sales including cigarette and Lottery sales. Overall gas station may be 8 to 15% Cap rate, depending on location and condition of the business.
How much do QT franchise owners make?
Retail store owners earn a median income of $51,270 per year. Those who run warehouses earn an average of $55,000 annually.
Who owns Buc ee's gas station in Texas?
Arch "Beaver" Aplin III (the one wearing the boots he had made with the Buc-ee's logo) is Buc-ee's founder and CEO. And yes, he really does go by Beaver. "Beaver was my nickname; my mom named me that when I was born," Aplin said.
How much does it cost to open a gas station in Texas?
According to JUX Law Firm, business owners should expect to spend around $300,000, which breaks down as follows: $2,000 for legal fees. $2,000 for insurance premiums. $3,000 for state permits.
What is a Buc Ee's?
Buc-ee’s is a southern chain of convenience stores that has been making waves.
How many locations does Buc Ee have?
In fact, Buc-ee’s only has 40 locations at the time of writing this article.
Should You Buy Bucees Stock if It Goes Public?
Buc-ee’s has reached a notable level of popularity among travelers that keeps them coming back.
When was Buc Ee's founded?
Buc-ee’s started in Texas in 1982 and was founded by Don Wasek and Arch “Beaver” Aplin III.
Is Buc Ee stock available?
Buc-ee’s stock is not currently available for purchase, as it’s a privately owned company.
Is Buc Ee a good investment?
Given its solid earnings, room for growth, and dedicated customer base, Buc-ee’s stock could be a worthwhile investment — if the company ever goes public.
Is Buc Ee a private company?
With Buc-ee’s choosing to remain a private company, you may be looking for some of its competitors to invest in.
How many locations does Buc Ee have?
Buc-ee's currently has 40 locations open in Alabama, Florida, Georgia and its home state of Texas. Locations are currently in development for Kentucky and South Carolina on top of Mississippi and Tennessee. But King Buc-ee's expansion hasn't always come easy; the company was forced to scrap plans for a North Carolina location after protests ...
Where is Buc Ee's expanding?
Buc-ee's is expanding to Mississippi. If he gets his way, the sun never will never set on King Buc-ee's empire. Buc-ee's is continuing its expansion outside of Texas, investing a whopping $50 million into its first Mississippi location.
Where is the Mississippi Buc Ee's?
The new Mississippi Buc-ee's will be off I-10 in Harrison County, which borders the Gulf of Mexico.
When did Buc Ee's open?
The first Buc-ee's opened in 1982. Aplin, 58, known universally as Beaver--a nickname bestowed by his mother--was fresh out of Texas A&M and working at his father's construction company. When Beaver opened a standard-issue, 3,000-square-foot convenience store in his hometown of Lake Jackson, he says, "I didn't have anything particular in mind." Three years later, he teamed up with Wasek, who had his own convenience store in nearby Brazoria. Today they each own 50% of Buc-ee's Ltd., and they have clearly defined roles.
How much profit margin does Buc Ee have?
Forbes estimates that Buc-ee's profit margin on major-label items is 32%, while its margins on Buc-ee's-branded stuff is 40%. Overall, Forbes estimates, the company managed to take a 35% gross profit margin on in-store sales (everything but gas). According to the National Association of Convenience Stores, the average convenience store made 33.5% ...
How many square feet are there in Buc Ee's?
While most Buc-ee's locations are the size of a typical convenience store (about 3,000 square feet), its 12 "travel centers" are enormous. The latest is now under construction off a new highway interchange in Katy, half an hour west of Houston. It will have more than 100 gas pumps and 52,000 square feet of retail space.
What insight runs beneath the rise of Buc-Ee's convenience stores?
The insight that runs beneath the rise of Buc-ee's convenience stores is this: You can get a lot of people to pull off the highway and spend money if you guarantee them an immaculate place in which to heed the call of nature. As one Buc-ee's billboard proclaims, "Your Throne Awaits. Fabulous Restrooms--32 miles."
How much did it cost to build the Katy store?
The Katy store will cost about $17 million to build, he says, most of it borrowed: "The investment is so high that the return is actually way less than on a conventional-type store.". But making those stores and their palatial restrooms a destination, he says, is what established the Buc-ee's brand.
Who designed the billboards for Buc Ee's?
"Don gets to work at 6 a.m., while Beaver is a little more laid-back," says Lou Congelio, the Houston adman who designed the billboards that helped put Buc-ee's on the map. Neither is much for the spotlight.
Is Buc Ee's e-commerce?
It helps that Buc-ee's is in a retail sector that, so far anyway, has remained e-commerce-proof. As long as people drive, Aplin says, they will have to stop to fill up, use the toilet and eat. And keeping traffic flowing in and out of the stores will remain a constant concern.
How much does it cost to build a bucee?
Probably costs $30 million to build a bucee's depending on how good the location is.
Is Bucee's cool?
Bucee's are cool and all, but spending a few days at one? That's crazy
When was Buc Ee's opened?
The first Buc-ee's was opened in Lake Jackson in 1982 , and the corporate headquarters are located there. That first store is still open and operating to this day. Arch "Beaver" Aplin was working at a Lake Jackson bank after college, where he befriended the bank president, who then loaned him $250,000 to get his dream off the ground. It was a wise investment, and Texans have been eternally grateful since.
What happened to Buc Ee's?
The Houston Chronicle reported that a group of identity thieves targeted Buc-ee's in 2015. The Buc-ee's bandits would use stolen credit card information to create new physical cards, and then use the fraudulent cards to purchase cartons of cigarettes, mostly from Buc-ee's locations. The victims had their money returned, but unfortunately, Buc-ee's ended up footing the bill for the thefts.
Why did Buc Ee sue?
They had beef with their brisket supplier. In 2016, Buc-ee's sued their brisket supplier for an alleged violation of contract that cost the chain over half a million dollars. Buc-ee's claims the supplier hiked the cost of the meat without notifying them.
Who is the Beaver at Buc Ee's?
Buc-ee's was originally opened by Arch "Beaver" Aplin and Don Wasek. Aplin was nicknamed "Beaver" by his mom as a baby and has always been known by the moniker. He also had an affinity for the old Ipana toothpaste mascot, Bucky the Beaver. To create the perfect trifecta of naming, Aplin's labrador retriever at the time was named Buck, and so was born Buc-ee's the convenience store chain.
Where did Buc Ee win the first prize?
To win the first prize they beat out a restaurant in Arizona and a hotel in Chicago, (number 2 and number 3, respectively). Clean bathrooms are one of the precepts Buc-ee's owners founded their store on, so it's no surprise they've won this award.
Is Buc Ee's a truck stop?
Regardless of their enormous size and plethora of amenities, Buc-ee's is not and never has been a "truck stop". It's for average motorists and does not have gas pumps for big rigs.
