Raceway Business Opportunity

Convenience Store

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RaceWay opened an independent gas station in St. Louis, Missouri, 1934. The strategy was to be independent of major oil companies and be able to consistently offer lower-priced gasoline. The company expanded throughout the South and into Texas. RaceWay stores are Contract Operator, and a division of RaceTrac. Our offering allows you the opportunity to capture and generate income, while avoiding tying up investment dollars in cost of ownership of a building and land, leasing these allow you to use your invest dollars in inventory. RaceWay owns, supplies, and prices the gasoline, paying commissions on every gallon sold, making your job easier. These services allow you to focus on your investment choices in inventory and service, which is your key revenue source. There is no franchise fee. RaceWay is not a franchise, it is a contract operator relationship, and we do not require you to pay franchise fees, commissions, royalties, or advertising fees. Additionally long contacts, complex rules or proprietary food offering, mandated by others' agreements, will not bind you here. You will be able to manage your business to serve the demographics that your area demands and is most profitable for you.

ABC INC

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$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Raceway, may not have verified the accuracy of the information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Raceway website.

How much does it cost to open a Raceway ?

The investment required to open a Raceway is between $125,000 - $220,000 .

Individual Franchise Costs

  • Initial Investment:
    $125,000 -
  • Initial Fee:
    N/A
  • Royalty Fee:
  • Term of Agreement:
    1 Year (Minimum)

Expense In-House Third Party
Franchise Fee N/A N/A
Startup Costs N/A N/A
Equipment N/A N/A
Inventory N/A N/A
Accounts Receivable N/A N/A
Payroll N/A N/A

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

Raceway Growth History

When did the first Raceway open? 1934
When did Raceway start Licencing ? N/A

Year U.S.A. Canada International Corporate
2006 289 0 0 0
2005 283 0 0 0
2004 168 0 0 0
2003 159 0 0 0
2002 146 0 0 0
2001 137 0 0 0
2000 117 0 0 0

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.

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.

Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia



How much does a Raceway owner make?

How much money you could make as a Raceway owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Raceway owner may include rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$0 - $220,000
Initial Fee
N/A
Term of Agreement
1 Year (Minimum)
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Legal Disclaimer: This information is not a franchise offering for Raceway and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Raceway franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.