Start-Up Costs and Fees |
||
| RaceTrac | am/pm Convenience Stores | |
| Investment | 1000000 - 1400000 | 440291 - 10405152 |
| Franchise Fee | ||
| Royalty Fee | 3.50% | 11%-14% |
| Advertising Fee | 1.50% | 5.50% |
| Year Founded | 1934 | 1975 |
| Year Franchised | 1934 | 1979 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| RaceTrac | am/pm Convenience Stores | |
| Experience | The company is seeking qualified candidates to bring their talents to its growing brand. RaceTrac franchisees should have strategic agility, business acumen, integrity and the ability to build an effective team. Ideal candidates will possess a desire to join a hands-on business opportunity where franchisees are actively involved in the day-to-day operations. Finally, potential franchisees should have a net worth of at least $700,000 and liquidity of at least $350,000. Candidates who meet these preliminary qualifications will be required to make an initial investment ranging from approximately $1 million to $1.4 million. Figures vary depending on the size of the store, store location, and equipment costs. | - U.S. citizenship, or permanent resident alien status with a minimum age of 21 years old - Personal participation in operating a retail facility (minimum of 40 hours per week) - Successfully complete all training requirements - Good credit record / credit history evidenced by prompt payment of all financial obligations - Liquid capital required may be $1,200,000 or higher - Possess an entrepreneurial attitude, creativity and the ability to make sound business decisions - Ability to create and implement a comprehensive business plan - Ability to successfully execute the am/pm franchise operational procedures - Excellent project management skills and attention to detail - Ability to obtain/qualify for a beer and wine sales license for off-site consumption |
Financing Options |
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| RaceTrac | am/pm Convenience Stores | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| RaceTrac | am/pm Convenience Stores | |
| Training | As a franchisee, RaceTrac will provide you with all of the tools necessary to run a RaceTrac store, including a comprehensive training program and our proven experience in marketing, operations and merchandising. RaceTrac s training team will provide new franchisees an extensive training program that consists of classroom and in-store instruction. Our comprehensive training will teach you how to deliver great service to guests who come to your modern, convenient store for quality food offers and wide product selection. | On-The-Job Training: 120 hours Classroom Training: 66 hours Additional Training: In-class sessions & hands-on training |
| Support | The RaceTrac operations team will begin supporting you immediately. The local regional team will support the franchisee with their intimate knowledge of Central Florida and business operations. This regional support includes a direct relationship with one of our dedicated Operations Supervisors. RaceTrac will also provide the franchisee with store opening support to assist with re-opening activities and make sure they get off to a great start as a RaceTrac franchisee. | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Field Operations |
| Marketing | Co-op Advertising Regional Advertising Social media Loyalty program/app | |
| Operations | Number of Employees Required to Run: 10 | |
Expansion Plans |
||
| RaceTrac | am/pm Convenience Stores | |
| US Expansion | Alabama, Florida, Georgia, Texas | Arizona, California, Nevada, Oregon, Washington |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Franchise Fee | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Royalty Fee | |
| RaceTrac | 3.50% |
| am/pm Convenience Stores | 11%-14% |
| Advertising Fee | |
| RaceTrac | 1.50% |
| am/pm Convenience Stores | 5.50% |
| Year Founded | |
| RaceTrac | 1934 |
| am/pm Convenience Stores | 1975 |
| Year Franchised | |
| RaceTrac | 1934 |
| am/pm Convenience Stores | 1979 |
| Term Of Agreement | |
| RaceTrac | 10 years |
| am/pm Convenience Stores | |
| Renewal Fee | |
| RaceTrac | |
| am/pm Convenience Stores | $35K-60K |
Business Experience Requirements |
|
| Experience | |
| RaceTrac | The company is seeking qualified candidates to bring their talents to its growing brand. RaceTrac franchisees should have strategic agility, business acumen, integrity and the ability to build an effective team. Ideal candidates will possess a desire to join a hands-on business opportunity where franchisees are actively involved in the day-to-day operations. Finally, potential franchisees should have a net worth of at least $700,000 and liquidity of at least $350,000. Candidates who meet these preliminary qualifications will be required to make an initial investment ranging from approximately $1 million to $1.4 million. Figures vary depending on the size of the store, store location, and equipment costs. |
| am/pm Convenience Stores | - U.S. citizenship, or permanent resident alien status with a minimum age of 21 years old - Personal participation in operating a retail facility (minimum of 40 hours per week) - Successfully complete all training requirements - Good credit record / credit history evidenced by prompt payment of all financial obligations - Liquid capital required may be $1,200,000 or higher - Possess an entrepreneurial attitude, creativity and the ability to make sound business decisions - Ability to create and implement a comprehensive business plan - Ability to successfully execute the am/pm franchise operational procedures - Excellent project management skills and attention to detail - Ability to obtain/qualify for a beer and wine sales license for off-site consumption |
Financing Options |
|
| Franchise Fees | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Start-up Costs | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Equipment | |
| RaceTrac} | |
| am/pm Convenience Stores | |
| Inventory | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Receivables | |
| RaceTrac | |
| am/pm Convenience Stores | |
| Payroll | |
| RaceTrac | |
| am/pm Convenience Stores | |
Training & Support |
|
| Training | |
| RaceTrac | As a franchisee, RaceTrac will provide you with all of the tools necessary to run a RaceTrac store, including a comprehensive training program and our proven experience in marketing, operations and merchandising. RaceTrac s training team will provide new franchisees an extensive training program that consists of classroom and in-store instruction. Our comprehensive training will teach you how to deliver great service to guests who come to your modern, convenient store for quality food offers and wide product selection. |
| am/pm Convenience Stores | On-The-Job Training: 120 hours Classroom Training: 66 hours Additional Training: In-class sessions & hands-on training |
| Support | |
| RaceTrac | The RaceTrac operations team will begin supporting you immediately. The local regional team will support the franchisee with their intimate knowledge of Central Florida and business operations. This regional support includes a direct relationship with one of our dedicated Operations Supervisors. RaceTrac will also provide the franchisee with store opening support to assist with re-opening activities and make sure they get off to a great start as a RaceTrac franchisee. |
| am/pm Convenience Stores | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Field Operations |
| Marketing | |
| RaceTrac | |
| am/pm Convenience Stores | Co-op Advertising Regional Advertising Social media Loyalty program/app |
| Operations | |
| RaceTrac | |
| am/pm Convenience Stores | Number of Employees Required to Run: 10 |
Expansion Plans |
|
| US Expansion | |
| RaceTrac | Alabama, Florida, Georgia, Texas |
| am/pm Convenience Stores | Arizona, California, Nevada, Oregon, Washington |
| Canada Expansion | |
| RaceTrac | |
| am/pm Convenience Stores | 0 |
| International Expansion | |
| RaceTrac | |
| am/pm Convenience Stores | |