ExtraMile Franchise Opportunity

About ExtraMile

ExtraMile is a leading franchise in the convenience store and fuel station sector, renowned for its top-notch service and high-quality products. With a growing presence across various locations, ExtraMile offers franchisees the chance to join a well-established network known for its excellence and customer satisfaction.

Investment Information

The investment required to open an ExtraMile franchise varies depending on the location and size of the store. However, the total investment typically includes costs such as real estate, construction, equipment, inventory, and working capital. Here are some important financial considerations:

• Initial Franchise Fee: $50,000 - $75,000
• Total Estimated Investment: $500,000 - $1,500,000
• Ongoing Royalty Fee: 5% of gross sales
• Advertising Fee: 2% of gross sales

Business Model

ExtraMile franchises operate on a tried-and-true business model that combines retail convenience with fuel services. This dual offering not only drives consistent foot traffic but also ensures a steady revenue stream. Franchisees benefit from two key components:

• Convenience Store Sales: A diverse product offering including snacks, beverages, groceries, and more, ensuring a broad customer base.
• Fuel Station Services: Offering high-quality fuel options that attract repeat customers and drive additional in-store purchases.

Unique Selling Points

Partnering with ExtraMile provides numerous advantages, making it a compelling opportunity for potential franchisees:

• Brand Recognition: Leverage ExtraMile's strong brand presence, known for quality and customer service excellence.
• Comprehensive Training: Receive extensive training and support to ensure successful store operation and management.
• Ongoing Support: Benefit from continuous assistance in marketing, operations, and store management to maximize profitability.
• Established Supply Chain: Access to a robust supply chain network that guarantees timely delivery of products.

Requirements and Process

Becoming an ExtraMile franchisee requires meeting specific financial and operational criteria. Prospective franchisees must demonstrate the ability to invest and maintain the required capital. The application process involves:

• Completing an initial inquiry form
• Reviewing the franchise disclosure document (FDD)
• Participating in an interview and site visit
• Signing the franchise agreement
• Undergoing comprehensive training

Key Takeaways

• ExtraMile combines two profitable business elements: convenience store and fuel sales.
• The initial investment ranges from $500,000 to $1,500,000 with ongoing fees.
• Brand recognition and strong support network create an optimal environment for franchise success.
• Applicants must meet financial and operational criteria to qualify.

Discover the rewarding journey of owning an ExtraMile franchise. To learn more, download the franchise disclosure document or fill out the free information request form on this page.