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A major convenience chain’s acquisition of a fast-casual sandwich franchise is now complete.RaceTrac Inc. has acquired the Potbelly sandwich shop brand, which includes more than 445 company- and franchise-owned shops across the United States. The deal, valued at approximately $566 million, was announced in September. RaceTrac, which operates more than more than 800 RaceTrac and RaceWay convenience locations and approximately 1,200 Gulf convenience locations, says the deal “elevates its position in the evolving retail landscape,” combining both brands’ capabilities in real estate, franchising, operations, food innovation and marketing to drive growth and customer loyalty. Potbelly had previously announced a long-term goal of reaching 2,000 shops nationwide... ...more RSK: Wonder if some of the Pot Belly`s will become convenience stores. I am sure the ones here will not have gasoline but maybe EV charging stations? Hard to tell... | ||
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