Are you thinking of becoming an entrepreneur? In this case, opting for a franchise opportunity can be the best choice for you.
When you opt for a franchise, you don’t have to start from zero: people and customers would already know and be familiar with the brand.
The main company can provide instructions and directions so that you always have a guide provided by a company with a lot more experience than you.
But when it comes to franchises, which one should you choose? There are a lot available, but if you’d like to focus on providing essential services and products to your community, then you might have thought of the Sheetz Franchise.
In this article, we’ll discuss the Sheets Franchise cost and if it is actually possible for entrepreneurs to get into business with them and open their own Sheetz Franchise retail.
Before you even move the first step to opening a Sheetz Franchise retail, it’s important that you read this article from top to bottom.
What Is Sheetz Franchise?
Sheetz is a company that provides a lot of different services to the community. They provide gas stations, fast food, but also groceries, household goods, and other types of items.
It is the kind of place that becomes people’s point of reference in town and also while they’re traveling.
The secret of the Sheetz Franchise’s success is that they provide essential goods to the community. Everyone needs gasoline, some food while they travel, or just because they got hungry on their way home, and so on.
Sheetz doesn’t need to create a need. The company has addressed several very common needs and provides the most convenient solution: a chain of stores where people can find what they need.
History Of Sheetz Franchise
The Sheetz franchise was founded in 1952 by Robert Sheetz. In the beginning, it was only a simple store opened in one of his father’s dairy stores.
The business became slowly successful, so in 1961, Robert Sheetz hired his brother Steve, and in 1963 they were able to open a second store.
The two brothers kept opening new stores during the years: in 1981, the company could already contend 659 stores across the United States.
During the 90s, the company passed to Robert’s son. Under his guidance, the company continued opening new stores and adjusting its offer to the new market requirements.
For example, in 2004, Sheetz was among the first retailers to offer the new MasterCard PayPass with RFID technology.
In the 2000s, Sheetz opened more stores, other warehouses, and distribution centers to supply the demand.
Today, although they have more than 600 locations opened in the United States, Sheetz Inc is still run as a family business.
But have you ever wondered, after so many years- who owns Sheetz now?
Sheetz Business Model
So, can you get into business with Sheetz Inc and open a store yourself? Unfortunately, you can’t. As we’ve just mentioned, Sheetz Franchise has always been, and it still is, a family business.
They manage, run, and decide where and when to open a new store or warehouse, and no external subject is allowed to do so or to use the Sheetz brand name in any way.
|Business Model||Convenience stores chain|
|Number of outlets||659|
|Revenue||7.2 billion USD|
Interested In Sheetz Franchise?
Training & Support From Sheetz Franchise
Because external entrepreneurs aren’t allowed in the business, Sheetz doesn’t offer training or support.
If you become their employee, however, they’ll offer tons of training to let you know your job and scale your position, but this is the only way of getting into business with them.
As we’ve mentioned several times, during all these years, Sheetz has always remained a family business, even now that it has become an empire.
Term & Renewal
Because Sheetz isn’t an actual franchise, you can’t have any contract with them.
Sheetz Franchise Profit & Revenue
The profit and revenue of the Sheetz Franchise vary depending on the model, size, location, etc.
As per sources, Sheetz franchise owners make $7.2 billion in revenue on average and if we assume a profit margin of 10%, then we can say that Sheetz franchise owners in the United States make $72,286 per year in net profits.
This is how we calculated this amount:
|Financial Overview||Percentage of Revenue||Amount ($)|
|Individual Franchise Annual Revenue||100%||722860.00|
|Franchise Royalty Fees||5.63%||(40660.88)|
|Cost of Goods Sold (COGS)||28.13%||(203304.38)|
Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.
Comparison Franchise: Sheetz VS 7-Eleven
An alternative to Sheetz is 7-Eleven, a franchise company that provides a similar service and that is just as well-known as Sheetz Inc.
|Number of Outlets||659||78,029|
|Industry||Convenience stores chain||Convenience stores chain|
|Franchise Fee||None||0 to $100,000|
|Finance||$7.2 billion in revenues per year||36.08 billion USD|
Sheetz Franchise: FAQ
Is Sheetz a franchise?
Sheetz has hundreds of locations spread around the country, but it isn’t strictly a franchise, meaning that not anyone can open a Sheetz store. On the contrary, Sheetz is managed privately by the Sheetz family.
What is Sheetz known for?
Sheetz Franchise is known for providing convenience stores across the United States and, in particular, in the Northeast, Mid-Atlantic, Appalachia, Upland South, and Midwest areas.
How many Sheetz outlets are there currently?
Sheetz has 659 stores concentrated in the above-mentioned areas of the United States.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.