Franchimp Summary Rating
Lower than 0% of peers
Franchise Summary
Description
The franchise is to operate a motor fuel station and convenience store under the "RACEWAY" trademark.
Company Background
RACEWAY is a franchise opportunity to operate fuel stations and convenience stores. It offers the individual an opportunity to own and operate their own business, providing them with a stable income and endless potential for growth.
Franchise Opportunity
The business is a franchise to operate a motor fuel station and convenience store under the "RACEWAY" trademark. In order to develop the business, we have selected an appropriate location for development of the company's first site in accordance with our plans. The investment required for this project will be $1,000,000 - $5,000,000 depending on the area of ??the country where it is developed. It should be noted that each new site can bring up to 100% profit within 2-3 years after opening. A RACEWAY franchise costs from $50 thousand dollars or less (depending on whether you want to buy your own land or rent). You do not need any special experience in business - just common sense and desire to succeed! We are ready at any time to provide all necessary support during the implementation of this project and help you realize your dream! If you are interested please contact us
Corporate Structure
We are a Georgia corporation formed on August 4, 2017. Our principal business address is 200 Galleria Parkway, SE, Suite 900, Atlanta, Georgia 30339. We operate under our corporate name and the trademarks described in Item 13 (the 'Marks') and no other name. We have no predecessors. If we have an agent in your state for service of process, we disclose that agent in Exhibit A. We do not have a corporate parent. We grant franchises for Businesses operating under the Raceway name and other trademarks. (In this disclosure document, we call the Businesses in our system 'Raceway Businesses'; we use the term 'Business' to describe the Raceway Business you will operate.) Raceway Businesses operate a motor fuel station offering unbranded gasoline and motor fuel products, as well as a convenience store which offers and sells certain products prescribed by us (collectively, 'Products').
Royalties and Marketing Fees
Royalties : $1000.00 per month
Royalties : Not to exceed $500 per month
Franchise Types Available
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Employee Contact Database
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Raceway Franchise System Development in 2021
FAQ
How much investment do I need to start my own Raceway business?
Franchisees typically require at least $197 to $585 investment to get their Raceway business started
What are the initial franchise fees for Raceway?
Franchisees typically need to pay at least $50 in fees directly to Raceway in order to earn the right to launch their business
How much money can I make with a Raceway franchise? What are
the average revenues for a typical Raceway business?
We haven’t done the math on how much revenue a typical
Raceway brings in each year. We estimate that other
franchisees in the Retail industry generate
$1,203,797 revenue, so we would expect
Raceway to generate a similar amount
How long do I need to commit to running a Raceway unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$197,500 to $585,000
which is
Much Lower
than the $0 to $0 average in the Fuel & Convenience Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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