RaceTrac Franchise Opportunities
RaceTrac franchise is a chain of petrol stations famous for delivering quality service, convenient locations, and wide product selection. RaceTrac franchise opportunities are for entrepreneurs with business acumen, integrity, and strategic thinking. The main requirement for a franchisee is a willingness to be actively involved in growing the business. Owning a RaceTrac convenience store & gas station franchise means being a part of a trusted brand, named a top-ranked gasoline retailer. How to start the RaceTrac convenience store franchise? Check out the cost and profit as well as the investment information, including franchise fees and available areas for sale here.
How to open a RaceTrac franchise?
- Ensure you have adequate capitalization.
In order to open the RaceTrac franchise, you must have a net worth of $700,000.
- Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a RaceTrac franchise owner.
- Assess market availability.
You will want to look at the market availability for RaceTrac franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the RaceTrac franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your RaceTrac franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does RaceTrac franchise cost?
RaceTrac has a franchise fee of up to $25,000 with a total initial investment range of $1,000,000 to $1,400,000.
Initial Investment: $1,000,000 - $1,400,000
Net-worth Requirement: $700,000
Liquid Cash Requirement: $350,000
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 3.5%
Ad Royalty Fee: 1.5%
RaceTrac Franchise Info: https://franchise.racetrac.com/
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