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Updated RecentlyNightOwl Convenience Store vs RaceTrac Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of NightOwl Convenience Store 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 | $315,000 - $395,000 | $1,000,000 - $1,400,000 |
| Franchise Fee | N/A | $25,000 |
| Royalty Fee | - | 3.5% |
| Advertising Fee | - | 1.5% |
| Year Founded | - | 1934 |
| Year Franchised | - | 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 | Your training never really stops. From the day you decide to become a NightOwl franchisee for as long as you are with us, we are always looking for opportunities to improve your training, your staff training and the efficient way your business operates. The NightOwl training system is comprehensive and will ensure you are well equipped to profi tably run your NightOwl franchise. | 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 NightOwl philosophy is one of complete support. You will be assisted in every aspect of your new career as a NightOwl Franchisee. From site selection, staff recruitment and training to landlord relations and store layouts and ranging, we are with you every day and every step of the way. | 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 |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About NightOwl Convenience Store
NightOwl's Franchise division was established in 1987. This exciting and dynamic system operates in both Queensland and New South Wales and currently has 44 outlets. New sites are continuously available for energetic and enthusiastic people to share in our company's success. Become your own boss and discover the self satisfaction of operating your own business. Excellent opportunities exist in both inner-city and suburban locations for our very popular NightOwl Convenience store. Qualified retail managers, sales people, marketing, merchandising and promotions staff form the NightOwl Franchise Support Centre team with a combined total of over 100 years retailing experience to support the NightOwl Group of stores. Benefits to you When you become a NightOwl Franchisee, you will have access to: * NightOwl''s established name, trademark, brands, Corporate identity, and reputation * Our proven business formula (over 70 years of retail experience in the Group Office team) * A professionally designed & fully fitted store * Professional marketing, merchandising and advertising support * Increased buying power * Comprehensive franchisee training * Ongoing Employee training * Continuous Management support * Individual Business (Territory) Managers are appointed to all stores