Start-Up Costs and Fees |
||
| Family Fare | Raceway | |
| Investment | 31800 - 201700 | 125000 - 220000 |
| Franchise Fee | ||
| Royalty Fee | ||
| Advertising Fee | ||
| Year Founded | 1936 | 1934 |
| Year Franchised | 2013 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Family Fare | 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 |
||
| Family Fare | Raceway | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Family Fare | Raceway | |
| 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 |
||
| Family Fare | Raceway | |
| US Expansion | North Carolina | 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 | |
| Family Fare | |
| Raceway | |
| Franchise Fee | |
| Family Fare | |
| Raceway | |
| Royalty Fee | |
| Family Fare | |
| Raceway | |
| Advertising Fee | |
| Family Fare | |
| Raceway | |
| Year Founded | |
| Family Fare | 1936 |
| Raceway | 1934 |
| Year Franchised | |
| Family Fare | 2013 |
| Raceway | 0 |
| Term Of Agreement | |
| Family Fare | |
| Raceway | 1 Year (Minimum) |
| Renewal Fee | |
| Family Fare | |
| Raceway | |
Business Experience Requirements |
|
| Experience | |
| Family Fare | |
| 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 | |
| Family Fare | |
| Raceway | |
| Start-up Costs | |
| Family Fare | |
| Raceway | |
| Equipment | |
| Family Fare} | |
| Raceway | |
| Inventory | |
| Family Fare | |
| Raceway | |
| Receivables | |
| Family Fare | |
| Raceway | |
| Payroll | |
| Family Fare | |
| Raceway | |
Training & Support |
|
| Training | |
| Family Fare | |
| 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 | |
| Family Fare | |
| Raceway | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Family Fare | |
| Raceway | |
| Operations | |
| Family Fare | |
| 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 | |
| Family Fare | North Carolina |
| Raceway | Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia |
| Canada Expansion | |
| Family Fare | |
| Raceway | |
| International Expansion | |
| Family Fare | |
| Raceway | |