Speedway is a franchise concept in the Retail Products and Services industry. It is also considered a Convenience Store franchise. They were founded in 1998.
How many stores does Speedway have in the US?
With approximately 3,900 stores located coast to coast, Speedway is the nation's second largest company owned and operated convenience store chain. Speedy Cash Prepaid Cards give you the power, ease, and convenience of a credit card—without the monthly bill and finance charges!
Is speedway owned by 7-Eleven?
Acquired by 7-Eleven, brand name continues to be used. Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned by 7-Eleven.
How does Speedway ensure that every one of its stores exceeds expectations?
How does Speedway ensure that every one of our over 3,900 stores exceeds customer expectations, 24/7? It wouldn’t be possible without a core dedication to serving people—people who simply want friendly, prompt service, a wide selection of products, and good value for their money. To be the customer's first choice for value and convenience.
What is a speedway club?
At Speedway, with nearly every purchase–candy bars, drinks, you name it–you earn points toward free fuel and food, merchandise, & gift cards! Get More with Clubs! With every purchase of your favorite items, you’re one step closer to earning a coupon for FREE products, bonus points or discounts!
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How much does a Speedway franchise cost?
The Capital investment required for a RaceWay store ranges from $196,000 on the low end to $560,000 on the high end. The figure varies depending on the size of the store, store location and equipment costs.
What company owns Speedway?
7‑ElevenMarathon OilSpeedway/Parent organizations
Are Speedway and 711 the same company?
7-Eleven Inc. took ownership of approximately 3,800 Speedway convenience stores located in 36 states on May 5, 2021, bringing 7-Eleven's total North American portfolio to around 14,000 stores.
Is Speedway turning into 711?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion....Speedway (store)TypeSubsidiaryOwnerSeven & I HoldingsNumber of employees40,230 (2018)ParentMarathon Oil (1959–2011) Marathon Petroleum (2011–2021) 7-Eleven (2021–present)Websitewww.speedway.com10 more rows
Has Speedway been bought out?
Even in the face of the challenges presented by the health crisis, MPC reached an agreement in August 2020 to sell Speedway to 7-Eleven Inc. for $21 billion — making it the largest transaction in the convenience channel in some time.
Is Speedway publicly traded?
Smith incorporated Speedway Motorsports in December 1994, and on February 24, 1995 took the company public by offering shares of stock, debuting at $18 per share.
Is Speedway Top Tier gasoline?
Speedway is a licensee of Top Tier gasoline, and all retail locations must meet those quality standards. The company uses Gilbarco, Dresser Wayne and other fueling systems. A key hallmark of the Speedway brand is its Speedy Rewards loyalty program.
Who is the largest convenience store chain?
The Top 100 Convenience Store Chains of 2022 spot again this year is Irving, Texas-based 7-Eleven Inc. with a total U.S. store count of 12,702, followed by Laval, Quebec-based Alimentation Couche-Tard Inc. ... with a total U.S. store count of 5,714. ... with a total U.S. store count of 2,448.
Is Speedway gas the same as Shell?
Speedway is a subsidiary of Marathon Petroleum Oil, which also owns ARCO and USA branded stations. Marathon also owns one of the main gas refineries supplying Southern California – the Tesoro refinery in Torrance, which refines the same quality gas, but sold under the ARCO, Shell, ExxonMobil, and USA brands.
Is Speedway Express gas good?
Speedway may not be a Top Tier fuel retailer, but we've encountered no reports or complaints that its product is poor quality. However, if you're specifically looking for Top Tier gas, you may want to look elsewhere.
Do you lose Speedway points?
In addition, your Speedy rewards card will become a 7Rewards card, but you should not lose any points because the gas remains the same.
Did Speedway get bought out by rebel?
Anabi Oil is acquiring the stores from 7-Eleven, which recently completed the acquisition of Speedway from Marathon Petroleum Corp. Anabi Oil is one of the largest Shell-branded wholesalers in California, distributing to over 200 stations under multiple major brands including its proprietary REBEL brand.
Is RaceTrac and Speedway the same company?
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 Speedway gas the same as Shell?
Speedway is a subsidiary of Marathon Petroleum Oil, which also owns ARCO and USA branded stations. Marathon also owns one of the main gas refineries supplying Southern California – the Tesoro refinery in Torrance, which refines the same quality gas, but sold under the ARCO, Shell, ExxonMobil, and USA brands.
Did Speedway get bought out by rebel?
Anabi Oil is acquiring the stores from 7-Eleven, which recently completed the acquisition of Speedway from Marathon Petroleum Corp. Anabi Oil is one of the largest Shell-branded wholesalers in California, distributing to over 200 stations under multiple major brands including its proprietary REBEL brand.
Why did Marathon Petroleum sell Speedway?
Struggling with lower sales, Marathon announced last week that it would not restart two refineries in New Mexico and California that it had idled in April.
Who owns the Speedway?
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021 the company was a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest convenience store chain in central Ohio.
Who bought Speedway in 2020?
In February 2020, it was reported that Seven & i Holdings, the parent company of convenience store chain 7-Eleven, planned to buy Speedway for $22 billion. However, due to investor concerns that the offer was too high, as well as the potential impact the COVID-19 pandemic would have on the economy, the company abandoned the idea the following month.
What does the red on the Speedway map mean?
Map of states containing at least one Speedway station as of December 2019; red indicates Speedway's core Midwestern states prior to its 2012 expansion, green indicates former Hess stations, orange indicates both former Hess stations and states where Speedway was already expanding into organically prior to the Hess purchase, and blue from the former Andeavor properties, including the SuperAmerica chain that Speedway owned & operated from 1997 to 2011.
Where is the Speedway 79 located?
Speedway started as Speedway 79, the name of a gasoline chain based in Michigan for much of the first half of the 20th century. In 1959, Marathon, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand.
When did Marathon buy Speedway?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021.
Did Speedway acquire GasAmerica?
On February 13, 2012, it was announced that a deal had been reached with Indiana and Ohio convenience store chain GasAmerica to acquire all 88 of its locations. Speedway also acquired all trademarks, trade dress and intellectual property from GasAmerica and included several parcels of undeveloped real estate for future development. The transaction was finalized on May 29, 2012, for an unspecified price.
Is Express Mart rebranded as Speedway?
On April 16, 2018, it was announced that all 78 Express Mart locations were being re-branded as Speedway locations, which follows Marathon's acquisition of Express Mart, a chain based in Syracuse, NY that co-branded with competitors such as Sunoco and Mobil. Speedway and MPC closed on the acquisition of Express Mart in November 2018 after being required by the FTC to divest of 5 stores. In 2019 they purchased 33 NOCO Express locations in Western New York. On October 31, Marathon Petroleum has announced the plans of spinning off Speedway into an independent company.
Overview
History
Speedway started in 1952 as Speedway 79, the name of a gasoline chain based in Michigan. Unlike other gas station chains at the time, Speedway 79 did not have a service station to perform vehicle maintenance, but rather vending machines that focused on cigarette and soft drink sales, giving their locations the nickname "Smokes and Cokes". The "79" denoted the octane rating of Speedway'…
Separation from Marathon and sale to Seven & i Holdings
In late 2018, Marathon announced their intentions to spin-off Speedway into an independent company by the end of 2020.
In February 2020, it was reported that Seven & i Holdings, the parent company of convenience store chain 7-Eleven, planned to buy Speedway for $22 billion. However, due to investor concerns that the offer was too high, as well as the p…
Public Relations
A corporate partner of Children's Miracle Network Hospitals since 1991, Speedway has raised more than $100 million over the past 26 years for the charity through a variety of fundraising activities. Speedway LLC raised $10.3 million for Children's Miracle Network Hospitals in 2017.
Speedway was ranked the 4th worst company to work for in the United States in 2018, with work-life balance and senior management as major detractors to the work environment. These issue…
External links
• Official website