Start-Up Costs and Fees |
||
| Express Mart | Raceway | |
| Investment | 86200 - 361000 | 125000 - 220000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | ||
| Year Founded | 1975 | 1934 |
| Year Franchised | 1990 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Express Mart | Raceway | |
| Experience | We have found that individuals who possess an entrepreneurial spirit, a sense of community, a commitment to operational excellence and the ability to deliver superior guest service are the best representatives of the RaceWay name. The capital investment required for a RaceWay store ranges from $125,000 on the low end to $175,000 on the high end. The figure varies depending on the size of the store, property values, location and equipment costs. | |
Financing Options |
||
| Express Mart | Raceway | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Express Mart | Raceway | |
| Training | Available at headquarters | New Operators will receive assistance with vendor options and layout designs from the RaceWay Store Set-up team if desired. Prior to opening, we encourage new Operators to train at an existing operating store for a week. For the first week of your store operation, a District Manager will train you on the use of all on-site equipment, daily reporting, and RaceWay s policies and procedures. |
| Support | Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Absentee ownership of franchise is allowed. (33% of current franchisees are owner/operators) | Number of employees needed to run unit: 3 - 7 Most Operators operate only one store and that is the model that RaceWay prefers. We do allow certain Operators to operate more than one store based on factors like the distance between the first and second location and our evaluation of an Operator's potential to operate an additional store successfully. Allowing an Operator to run more than one store is entirely up to RaceWay, but if you are permitted to operate multiple stores, it doesn't mean we guarantee that you will be successful in either location. You will be required to operate your store continuously during the hours provided in your lease agreement usually from 6am - 11pm, 7 days per week. We strongly encourage every store to be open 24 hours a day. |
Expansion Plans |
||
| Express Mart | Raceway | |
| US Expansion | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Express Mart | |
| Raceway | |
| Franchise Fee | |
| Express Mart | |
| Raceway | |
| Royalty Fee | |
| Express Mart | 4% |
| Raceway | |
| Advertising Fee | |
| Express Mart | |
| Raceway | |
| Year Founded | |
| Express Mart | 1975 |
| Raceway | 1934 |
| Year Franchised | |
| Express Mart | 1990 |
| Raceway | 0 |
| Term Of Agreement | |
| Express Mart | 10 years |
| Raceway | 1 Year (Minimum) |
| Renewal Fee | |
| Express Mart | |
| Raceway | |
Business Experience Requirements |
|
| Experience | |
| Express Mart | |
| Raceway | We have found that individuals who possess an entrepreneurial spirit, a sense of community, a commitment to operational excellence and the ability to deliver superior guest service are the best representatives of the RaceWay name. The capital investment required for a RaceWay store ranges from $125,000 on the low end to $175,000 on the high end. The figure varies depending on the size of the store, property values, location and equipment costs. |
Financing Options |
|
| Franchise Fees | |
| Express Mart | No |
| Raceway | No |
| Start-up Costs | |
| Express Mart | |
| Raceway | |
| Equipment | |
| Express Mart} | |
| Raceway | |
| Inventory | |
| Express Mart | |
| Raceway | |
| Receivables | |
| Express Mart | |
| Raceway | |
| Payroll | |
| Express Mart | |
| Raceway | |
Training & Support |
|
| Training | |
| Express Mart | Available at headquarters |
| Raceway | New Operators will receive assistance with vendor options and layout designs from the RaceWay Store Set-up team if desired. Prior to opening, we encourage new Operators to train at an existing operating store for a week. For the first week of your store operation, a District Manager will train you on the use of all on-site equipment, daily reporting, and RaceWay s policies and procedures. |
| Support | |
| Express Mart | Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Raceway | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Express Mart | Co-op advertising, Ad slicks, Regional advertising |
| Raceway | |
| Operations | |
| Express Mart | Absentee ownership of franchise is allowed. (33% of current franchisees are owner/operators) |
| Raceway | Number of employees needed to run unit: 3 - 7 Most Operators operate only one store and that is the model that RaceWay prefers. We do allow certain Operators to operate more than one store based on factors like the distance between the first and second location and our evaluation of an Operator's potential to operate an additional store successfully. Allowing an Operator to run more than one store is entirely up to RaceWay, but if you are permitted to operate multiple stores, it doesn't mean we guarantee that you will be successful in either location. You will be required to operate your store continuously during the hours provided in your lease agreement usually from 6am - 11pm, 7 days per week. We strongly encourage every store to be open 24 hours a day. |
Expansion Plans |
|
| US Expansion | |
| Express Mart | |
| Raceway | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia |
| Canada Expansion | |
| Express Mart | |
| Raceway | |
| International Expansion | |
| Express Mart | |
| Raceway | |