Start-Up Costs and Fees |
||
| Raceway | NightOwl Convenience Store | |
| Investment | 125000 - 220000 | 315000 - 395000 |
| Franchise Fee | ||
| Royalty Fee | ||
| Advertising Fee | ||
| Year Founded | 1934 | 0 |
| Year Franchised | 0 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Raceway | NightOwl Convenience Store | |
| 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 |
||
| Raceway | NightOwl Convenience Store | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Raceway | NightOwl Convenience Store | |
| Training | 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. | Your training never really stops. From the day you decide to become a NightOwl franchisee for as long as you are with us, we are always looking for opportunities to improve your training, your staff training and the efficient way your business operates. The NightOwl training system is comprehensive and will ensure you are well equipped to profi tably run your NightOwl franchise. |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | The NightOwl philosophy is one of complete support. You will be assisted in every aspect of your new career as a NightOwl Franchisee. From site selection, staff recruitment and training to landlord relations and store layouts and ranging, we are with you every day and every step of the way. |
| Marketing | ||
| Operations | 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 |
||
| Raceway | NightOwl Convenience Store | |
| 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 | |
| Raceway | |
| NightOwl Convenience Store | |
| Franchise Fee | |
| Raceway | |
| NightOwl Convenience Store | |
| Royalty Fee | |
| Raceway | |
| NightOwl Convenience Store | |
| Advertising Fee | |
| Raceway | |
| NightOwl Convenience Store | |
| Year Founded | |
| Raceway | 1934 |
| NightOwl Convenience Store | 0 |
| Year Franchised | |
| Raceway | 0 |
| NightOwl Convenience Store | 0 |
| Term Of Agreement | |
| Raceway | 1 Year (Minimum) |
| NightOwl Convenience Store | |
| Renewal Fee | |
| Raceway | |
| NightOwl Convenience Store | |
Business Experience Requirements |
|
| Experience | |
| 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. |
| NightOwl Convenience Store | |
Financing Options |
|
| Franchise Fees | |
| Raceway | |
| NightOwl Convenience Store | |
| Start-up Costs | |
| Raceway | |
| NightOwl Convenience Store | |
| Equipment | |
| Raceway} | |
| NightOwl Convenience Store | |
| Inventory | |
| Raceway | |
| NightOwl Convenience Store | |
| Receivables | |
| Raceway | |
| NightOwl Convenience Store | |
| Payroll | |
| Raceway | |
| NightOwl Convenience Store | |
Training & Support |
|
| Training | |
| 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. |
| NightOwl Convenience Store | Your training never really stops. From the day you decide to become a NightOwl franchisee for as long as you are with us, we are always looking for opportunities to improve your training, your staff training and the efficient way your business operates. The NightOwl training system is comprehensive and will ensure you are well equipped to profi tably run your NightOwl franchise. |
| Support | |
| Raceway | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| NightOwl Convenience Store | The NightOwl philosophy is one of complete support. You will be assisted in every aspect of your new career as a NightOwl Franchisee. From site selection, staff recruitment and training to landlord relations and store layouts and ranging, we are with you every day and every step of the way. |
| Marketing | |
| Raceway | |
| NightOwl Convenience Store | |
| Operations | |
| 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. |
| NightOwl Convenience Store | |
Expansion Plans |
|
| US Expansion | |
| Raceway | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia |
| NightOwl Convenience Store | |
| Canada Expansion | |
| Raceway | |
| NightOwl Convenience Store | |
| International Expansion | |
| Raceway | |
| NightOwl Convenience Store | |