General

Industry

Travel and Hospitality

Category

Travel Agency

SBA Identifier

S6371

Year of Founding

2008

Fees

Marketing Fee

$3,000 per month

Royalty Fee

Varies

Franchise Fee

$150,000-$150,000

Investment Range

$1.54M-$27.23M

Location units

Total U.S. Locations

76

U.S. Franchised Units

13

U.S. Corporate Units

63

Headquarters (City)

Westlake

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2008

Issuance of FDD Data

05/18/2021

What to know about Petro Stopping Centers franchise?

As a franchisee, you will operate a Petro Stopping Centers-branded travel center facility located next to or near a highway.

Petro Stopping Centers is based in Westlake, OH. Scroll down to learn more!

How much does a Petro Stopping Centers franchise cost?

Are you wondering how much is a Petro Stopping Centers franchise? Before starting a Petro Stopping Centers franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Petro Stopping Centers franchise is $1,540,000 and can go all the way up to $27,225,000. Keep in mind, you should also allocate additional funds to live off of while the Petro Stopping Centers business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Petro Stopping Centers franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Petro Stopping Centers business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Petro Stopping Centers franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Petro Stopping Centers. Hotels to the Travel Agency, Outdoor Travel and Hospitality industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 14 0 0 14
2017 14 0 0 13
2018 13 0 0 13
2019 13 0 0 13
2020 13 0 0 13

Additional Details

How much does a Petro Stopping Centers franchise owner make?

Petro Stopping Centers franchise earnings and revenue can vary significantly from one franchisee to another.
The Petro Stopping Centers franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Petro Stopping Centers unfortunately does not disclose financials on how much Petro Stopping Centers franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Petro Stopping Centers does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Petro Stopping Centers franchisees. Do note that Petro Stopping Centers is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Petro Stopping Centers franchisees to understand how much money they are making from their Petro Stopping Centers business.

You should also speak to former Petro Stopping Centers franchisees to understand why they left the system. Did they sell their Petro Stopping Centers at a profit? Were they forced to close their Petro Stopping Centers franchise down because it kept losing money?

What is the Petro Stopping Centers franchise fee?

Owning a Petro Stopping Centers franchise requires Varies royalty fee and $3,000 per month marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Petro Stopping Centers Franchise Disclosure Document

Keep in mind, there is also an initial Petro Stopping Centers franchise fee of $150,000 that is included in the initial investment amount of $1,540,000 to $27,225,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Petro Stopping Centers franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Petro Stopping Centers franchise fee of $150,000.

Visit the Petro Stopping Centers metrics tab to explore the financials for this business, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Petro Stopping Centers founded?

Petro Stopping Centers started offering franchises in 2008. Petro Stopping Centers was founded 14 years ago in 2008.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Petro Stopping Centers locations are in the U.S.?

As of 2021, there were 13 locations across the U.S. There are also 63 corporate locations. Most Travel and Hospitality franchises like Petro Stopping Centers have more franchised locations than corporate locations.

How many Petro Stopping Centers franchises opened over the past few years?

Over the prior 3 years we have data for, Petro Stopping Centers has opened 0 outlets throughout the U.S. Visit the Petro Stopping Centers metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

How many Petro Stopping Centers franchises closed over the past few years?

Over the prior 3 years we have data for, Petro Stopping Centers has closed 0 outlets throughout the U.S

Visit the Petro Stopping Centers metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Petro Stopping Centers growing? Are they opening more locations than they are closing?

The net unit growth rate for Petro Stopping Centers over the past 3 years is 0%. Over the last year we have data for, Petro Stopping Centers had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Petro Stopping Centers growth rate compares to 2,000+ other franchises and Industry franchises like Petro Stopping Centers. More info in the Petro Stopping Centers metrics tab.

Is Petro Stopping Centers franchise eligible for an SBA Loan?

Petro Stopping Centers is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Petro Stopping Centers franchise was assigned the SBA Franchise ID of S6371 on 02/25/2021. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Petro Stopping Centers that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Petro Stopping Centers a franchise in the United States?

According to the SBA, Petro Stopping Centers meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Petro Stopping Centers provides you with an FDD if you are in discussion to buy a Petro Stopping Centers.

What is the Petro Stopping Centers Franchise for Sale Rate?

The Petro Stopping Centers systemwide health and franchisee satisfaction can be measured by the Petro Stopping Centersfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Petro Stopping Centers franchise for sale rate over the past 3 years is 3%. Over the last year we have data for, Petro Stopping Centers had a franchise for sale rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Petro Stopping Centers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Petro Stopping Centers. More info in the Petro Stopping Centers metrics tab.

What is the Petro Stopping Centers Franchise Failure Rate?

Petro Stopping Centers franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Petro Stopping Centers failure rate over the past 3 years is 0%. Over the last year we have data for, Petro Stopping Centers had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Petro Stopping Centers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Petro Stopping Centers. More info in the Petro Stopping Centers metrics tab.

How can I find out more details on Petro Stopping Centers franchise?

Visit the Petro Stopping Centers metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Petro Stopping Centers

$14,382,500

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Petro Stopping Centers

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Petro Stopping Centers

$150,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Travel and Hospitality

Category

Travel Agency

SBA Identifier

S6371

Year of Founding

2008

Fees

Marketing Fee

$3,000 per month

Royalty Fee

Varies

Franchise Fee

$150,000-$150,000

Investment Range

$1.54M-$27.23M

Location units

Total U.S. Locations

76

U.S. Franchised Units

13

U.S. Corporate Units

63

Headquarters (City)

Westlake

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2008

Issuance of FDD Data

05/18/2021

Detailed Franchise metrics for Petro Stopping Centers

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Petro Stopping Centers below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Petro Stopping Centers

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Petro Stopping Centers

8%

3%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Petro Stopping Centers

0%

0%

Industry median

All franchises median

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Business details

Company Name

www.ta-petro.com/franchising

Business email

**********@******.com

Mailing address

24601 Center Ridge Road

State headquarters

Ohio

Owner Name

Petro Stopping Centers

Phone

+1 (000) 0********00

City

Westlake

Zip code

44145-5634
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