Start-Up Costs and Fees |
||
| Raceway | Tedeschi Food Shops | |
| Investment | 125000 - 220000 | 45000 - 137000 |
| Franchise Fee | ||
| Royalty Fee | ||
| Advertising Fee | ||
| Year Founded | 1934 | 1962 |
| Year Franchised | 0 | 1972 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Raceway | Tedeschi Food Shops | |
| 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. | * Customer centric, outgoing and committed to providing the best customer service experience * Participates in the day-to-day operation of the store * Cultivates an understanding and a drive for local community Involvement * Has prior food service management or retail experience * Demonstrates the ability to build a high performing team and organization * Able to manage multiple task simultaneously and adapt to market and company change * Prove permanent residency in the United States * Has excellent credit * Must be able to provide exceptional customer service * Understands & respects the relationship between franchisee & franchisor |
Financing Options |
||
| Raceway | Tedeschi Food Shops | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Raceway | Tedeschi Food Shops | |
| 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. | |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | |
| 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 | Tedeschi Food Shops | |
| US Expansion | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Raceway | |
| Tedeschi Food Shops | |
| Franchise Fee | |
| Raceway | |
| Tedeschi Food Shops | |
| Royalty Fee | |
| Raceway | |
| Tedeschi Food Shops | |
| Advertising Fee | |
| Raceway | |
| Tedeschi Food Shops | |
| Year Founded | |
| Raceway | 1934 |
| Tedeschi Food Shops | 1962 |
| Year Franchised | |
| Raceway | 0 |
| Tedeschi Food Shops | 1972 |
| Term Of Agreement | |
| Raceway | 1 Year (Minimum) |
| Tedeschi Food Shops | |
| Renewal Fee | |
| Raceway | |
| Tedeschi Food Shops | |
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. |
| Tedeschi Food Shops | * Customer centric, outgoing and committed to providing the best customer service experience * Participates in the day-to-day operation of the store * Cultivates an understanding and a drive for local community Involvement * Has prior food service management or retail experience * Demonstrates the ability to build a high performing team and organization * Able to manage multiple task simultaneously and adapt to market and company change * Prove permanent residency in the United States * Has excellent credit * Must be able to provide exceptional customer service * Understands & respects the relationship between franchisee & franchisor |
Financing Options |
|
| Franchise Fees | |
| Raceway | |
| Tedeschi Food Shops | |
| Start-up Costs | |
| Raceway | |
| Tedeschi Food Shops | |
| Equipment | |
| Raceway} | |
| Tedeschi Food Shops | |
| Inventory | |
| Raceway | |
| Tedeschi Food Shops | |
| Receivables | |
| Raceway | |
| Tedeschi Food Shops | |
| Payroll | |
| Raceway | |
| Tedeschi Food Shops | |
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. |
| Tedeschi Food Shops | |
| Support | |
| Raceway | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Tedeschi Food Shops | |
| Marketing | |
| Raceway | |
| Tedeschi Food Shops | |
| 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. |
| Tedeschi Food Shops | |
Expansion Plans |
|
| US Expansion | |
| Raceway | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia |
| Tedeschi Food Shops | |
| Canada Expansion | |
| Raceway | |
| Tedeschi Food Shops | 0 |
| International Expansion | |
| Raceway | |
| Tedeschi Food Shops | |