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Updated RecentlyFamily Fare vs RaceTrac Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Family Fare vs RaceTrac including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $31,800 - $201,700 | $1,000,000 - $1,400,000 |
| Franchise Fee | $19,900 | $25,000 |
| Royalty Fee | - | 3.5% |
| Advertising Fee | - | 1.5% |
| Year Founded | 1936 | 1934 |
| Year Franchised | 2013 | 1934 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| 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. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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. |
| 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. |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Family Fare
Family Fare is the leading convenience store franchise-retailer in North Carolina. We rely on the
entrepreneurship and energy of our Franchisees to operate Family Fare
stores. As a 100% Franchised organization, the assistance and support we
provide is completely dedicated to making our franchisees a success.
You will not compete for CORPORATE-FRANCHISOR SUPPORT with a
company-operated network of stores. Our support will help you be in
business for yourself without you being by yourself! Our retail
consulting leadership team has over 200 years of combined experience to
help you live our mission, vision, motto, and tag line all rolled in to
one: Family Fare…Helping You Get There!
If you enjoy working hard in a fast-paced retail environment, let us show you how Family
Fare can Help You Get There! Started with a spirit of entrepreneurship
by the same family that continues to lead the franchise today, Family
Fare is positioned to share with our Franchisees the expertise we've
built over more than 80 years in the retail business. This extended
track record provides Family Fare a special ability to serve our
franchisees.
Franchisees will receive extensive training in customer service, merchandising,
vendor relations, marketing, operations, and administration. Our
training has been compared to entry-level business college courses.
Instructors have combined over 200 years of experience in retail. Come
see our state of the art MBA style classroom and experience the Family
Fare difference!
Our Franchisees want the freedom and independence to run their own business with the extensive help, support
and loyalty of a franchisor that cares about your long-term success.
Most of our Franchisees have retail experience leading teams of people.
It is helpful to have management experience in a retail setting, but not
necessarily in the convenience store industry. Enjoying working with
the public, and working hard, in a fast paced retail environment is
critical to your success as a Family Fare Franchisee.
Veterans discount of 20% off the initial franchise fee.