Buc-ee is a Texas-based gas station chain in Alabama, Florida, and Georgia.
If you’re driving down I-45 in Texas, chances are you’ll see the Buc-ee’s sign and know they mean business. If you haven’t been there yet, it’s one of those places that just seems to be a must-stop on your journey through the Lone Star State.
This Texan icon is ranked as the best overall rest stop in the country by Travel Channel. It is so popular that people travel from all over to experience what these great restrooms have to offer.
The theme park features an incredible gift shop offering a wide range of souvenirs. There’s something for everyone to express their love for this favorite destination.
The brand has expanded eastwards, establishing stores in Alabama, Florida, and Georgia. It’s known for its immaculate bathrooms, lots of drinks, quirky knick-knacks, and a cute beaver mascot.
They have gas pumps that sell ethanol-free gas and diesel exhaust fluid and conventional offers for those who consume less fuel.
Buc-ee’s is a privately held company that has been in business since 1982. It is now one of the most successful convenience store chains in the United States. Buc-ee’s has earned a reputation for being “cleaner than clean” and “bigger than big.”
In addition, it is known for its uniquely designed stores and eager customer service. Buc-ee’s is a great place to visit when traveling south and currently operates 23 stores in four states.
Six Remarkable Facts Regarding Texas’ Most Famous Gas Station, Buc-ee’s
The name Buc-ee’s well-known across the state of Texas. Every tourist in Texas should make it a point to stop by the iconic Texan corporation.
But what is your level of familiarity with Buc-ee’s? Let’s put that theory to the test using these seven exciting pieces of information.
1. The original Buc-ee’s established by a man named Beaver.
In July 1982, he opened the very first Buc-in-restaurant. Ee’s Alpin was given the nicknames “Beaver” and “Bucky Beaver” when he was a boy, and the name Buck was given to his labrador.
2. Almost immediately, Alpin found a business partner in Don Wasek. When the two entrepreneurs opened their second Buc-ee’s, they understood what their customers needed. They centered their business efforts on providing low-cost ice and clean facilities.
3. They were successful in accomplishing their principal objective. It has been determined that the restrooms at Buc-ee’s are the cleanest in the United States.
A service company called Cintas deemed Buc-ees to have the nation’s cleanest public restrooms and awarded the distinction to Buc-ees.
4. Buc-ee’s filed a lawsuit against two businesses with the same name. The first time was in 2008, and the second was in 2017. In 2021, they filed a lawsuit against an operator who ran a company called Bukys.
5. Buc-ee’s credit ee’s cards are offered to serious enthusiasts. The Texas Dow Employees Credit Union (TDECU) is the organization that issues it, and cardholders receive a discount of ten cents per gallon.
6. North Carolina is the only state with no Buc-ee location. But, this may change soon!
A Buc-ee should have been built in the middle of the tiny town of Efland in North Carolina. However, a group of residents petitioned to object to the restaurant’s construction. They claimed that it “would aggravate traffic congestion, contaminate a protected watershed, and violate aesthetic sensibilities.”
As of now, the nearest Buc-ee’s to North Carolina can be found in Florence, South Carolina. However, there may be good news! Mebane Mayor Ed Hooks has confirmed that plans for the new location are currently under review. The presentation to the planning board is expected to take place in September or October.
This will also be an opportunity for high-paying job opportunities. The potential for this project could bring a multitude of opportunities to the area.
Possible Bucees stock market in 2023
So far, there haven’t been any claims about Bucees stock market entry. The company has not made any announcements about going public. However, if they sell shares on the stock exchange, you will likely want to buy them.
If they decide to go public, you can purchase shares on a best stock exchange like the NASDAQ or NYSE. If they remain private, you can invest in one of their franchises.
Buc-ee’s has been a staple in Texas for decades; it’s an iconic Texas gas station chain that’s been expanding its brick-and-mortar stores. Buc-ee’s is a big company with a seemingly unlimited supply of funds and plenty of room to grow in Texas and elsewhere.
It could make an offer to companies like McDonald’s or Starbucks, but it would take more than just cash.
There are a few other companies that Buc-ee’s could acquire, such as Ross Stores or Tractor Supply Company. But, for now, we’ll have to wait and see what happens in the future!
We’ve all seen industries tremble when they go public. Some of these companies, like Netflix, are now worth billions of dollars. But not every company can make a successful leap.
Buc ee’s Stock: Even if Publicly Traded Yet, Could It Be Your Next Investment Opportunity
In 2023, Buc-ee’s is still not available for public trading, but an initial public offering (IPO) may change the game. Buc ee’s stock isn’t currently listed on NASDAQ or NYSE. But, there’s hope for a future IPO.
If this happens, the company would be able to sell shares to investors.
However, investors should beware. Popularity and success don’t guarantee returns. It is always crucial to evaluate financials and history before taking the plunge.
Who are the founders of Buc-ees?
The company started as a small roadside jam stand. It was founded by Arch “Beaver” Aplin Jr. and Don Wasek on a stretch of highway between Houston and Beaumont. The Aplin family runs the company ever since.In 1988, the company built its first physical location in Giddings, Texas. The first Buc-ee’s store opened its doors at 620 East IH-35 on May 20, 1982.
Buc-ee’s is a chain of convenience stores with ten locations in Texas, Oklahoma, Arkansas, and Louisiana. The stores primarily sell outdoor gear, souvenirs, food, and drinks.
Buc-ee’s is also known for its extensive inventory of gas stations, vacuum cleaners, and sundries.
Today, more than 35 years later, many still believe they offer the best customer service in the world.
Buc-ee’s Financial Numbers
Buc-ee’s annual sales exceed $600 million. The company supports 3,000 direct jobs with an average industry-specific wage of $24,839
Today, as much as 40% of Buc-ee’s business is food sales, including a whopping 5 million pounds of hot dogs sold yearly!
The company has grown exponentially since Buddy’s death in 1980 and now has over 40 locations.
That’s not all, though. Buc-ee’s also offers over 500 varieties of jerky, more than 100 ice cream flavors, 1 million pounds of peanuts each year, and even sells beer.
The company has enough capital to expand its business. It also presents a healthy turnover which can be seen as an indicator of its financial situation.
Buc-ees success
We all know Buc-ee’s is a popular place, but what exactly makes this brand so successful? The answer is simple: customer service.
This is all thanks to a small army of Buc-ee team members. They enjoy competitive pay and comprehensive benefits packages.
Introducing some of Buc-ee’s competitors
Buc ee’s stock market entry hasn’t happened yet, but here are three competitors with the best stock to buy now
Casey’s General Stores (NASDAQ: CASY)
Casey’s General Stores (NASDAQ: CASY) is a convenience store chain.
These stores are mainly located in Iowa, Missouri, Kansas, Nebraska, and South Dakota.
Casey’s offers more than 20 varieties of fresh coffee daily, with free refills of regular coffee for shoppers who buy it at the store. They also provide baked items for breakfast and lunch, including donuts, muffins, cookies, and bagels.
Casey’s General Stores, Inc.(NASDAQ: CASY) offers hot food, fuel, beverages, and grocery items throughout the United States.
The Company’s main store formats are traditional c-stores and stores with a greater focus on providing customers with a wide range of products to meet their needs.
What differentiates Casey’s General Stores (NASDAQ: CASY) from other convenience store operators?
Casey’s offers products tailored to regional tastes, including their famous hot dogs.
It also has an extensive catering business serving more than 110 million hot dogs annually in public schools and universities across the country.
Its new “Fresh To Go” kiosks are changing the way people think about food options on the go.
And its innovative fuel center is making it the first choice for gas station customers across America.
A brief history of Casey’s General Store (NASDAQ: CASY)
The company was founded in 1967 by William Casey, Jr., who started the company with a single store in Ottumwa, Iowa. It has a wide range of products. This includes food, beverages, tobacco, health and beauty items, automotive supplies, and gasoline.
In the early 1990s, Casey’s General Stores (NASDAQ: CASY) ranked as the sixth-largest convenience store chain nationwide. By 1996, it had climbed to the third-largest position.
Today, the company operates in 16 states, with over 2,400 store locations.
Stock Casey’s General Stores (NASDAQ: CASY)
Casey’s General Stores(NASDAQ: CASY) has a P/E ratio of 19.8 and pays a monthly dividend of $0.43 per share, which yields 2.64%.
The company has a market capitalization of around $2 billion. In the last year, it generated an EPS growth of 117%.
The Company obtains 85% of its revenue from traditional c-stores and 15% from other formats, such as gas stations and convenience stores with gas stations.
Casey’s General Stores (NASDAQ: CASY) has the best stocks to buy now.
TravelCenters of America Inc. (TA)
TravelCenters of America, Inc.(TA) is dedicated to providing convenience stores and travel hub operations.
TA is America’s largest independent travel hub retailer. It offers a variety of products and services, including compressed natural gas (CNG) fuel.
“What does TravelCenters of America offer?”
TravelCenters of America (TA) operates in two segments: C-Store Operations and Travel Plaza.
The C-Store Operations segment operates convenience stores under TA, Petro Stopping Centers, Gee Fresh, Chilis Convenience Stores, Tiger Mart Stores, GetGo Markets, Kwik Shop Markets, Ollie’s Bargain Outlet Stores, Speedy Stop Markets, and Captain D’s Seafood & Chicken brands of restaurants.
The Travel Plaza Operations segment operates convenience stores under the TA brand located in service areas for travelers on interstate highways that it or an affiliate manages.
A bit of the history of TravelCenters of America (TA)
TravelCenters of America (TA) was founded in 1972, is headquartered in Dallas, TX, and has been expanding since. The company opened its first chain truck stop in that year and later saw the founding of Petro in 1975. By 2000, TA had expanded to 160 locations across 40 states, employing 12,500 people and generating annual sales of $1.5 billion.
Over the years, TA has expanded its operations, acquired other businesses, and adapted to meet industry regulations. It is present in multiple states and focuses on serving truckers. TA has established itself as a prominent player in the convenience store industry.
TA is headquartered in West Memphis, Arkansas, and was founded by Patrick J. Griswold.
Now they offer convenience stores, gas stations, food courts, showers, and other amenities to make your trip more accessible and more enjoyable!
Expansion of TravelCenters of America, Inc. (TA)
On April 29, TA announced that it had entered into a new partnership agreement with Costco Wholesale Corporation to sell its branded products at Costco’s 700+ warehouses in the United States, Canada, and Puerto Rico.
Costco is America’s third-largest retailer, with more than $192 billion in annual sales as of November 11 of this year.
Stock TravelCenters of America, Inc. (TA)
According to the latest financial reports of 2023, TA had total revenue of $10.78 billion.
The company’s consolidated net income for the period was $22.2 million.
The stock is trading at $45.53 (-10.00%) with a 52-week range between 22.00-64.58 (43.20%) with a market capitalization of $722.565 billion.
TravelCenters of America, Inc. (TA) has the best stocks to buy now.
Marathon Petroleum Corporation (MPC)
Marathon Petroleum Corporation is involved in refining, marketing, and transporting petroleum products.
The company operates in two segments, refining and marketing, and transport. It refines crude oil into fuels, including gasoline, diesel oil, jet fuel, petrochemical raw materials, liquefied petroleum gas (LPG), heavy fuel oils, and asphalt; sells refined products through terminals; transports crude oil by pipeline; manufactures petrochemical inputs, and owns or leases approximately 8 million barrels per day (MMBPD) of refining in the United States.
Target Audience
The company is dedicated to serving truck stops, offering food and supplies, and complete service with public use facilities.
This makes TravelCenters similar to the Buc-ee, but the focus is on serving the trucking industry, not just the people who travel.
This puts it ahead of competitors as an oil refinery, strengthening its brand.
How Marathon Petroleum Corporation (MPC) Started
In 1887, The Ohio Oil Company was established through the collaboration of several small oil companies. This marked the beginning of the journey towards becoming Marathon Petroleum Corporation (MPC).
Over the years, the company had a few changes. From the evolution of our gas stations and expansion of services to pioneering refining processes and the introduction of innovative payment methods.
The company operates three divisions: refining and marketing, distribution, and chemicals. The company has approximately 5,700 retail stations located primarily in the eastern United States.
MPC’s distribution division operates 805 convenience stores across the United States.
Today, more than 40 independent distributors are in the United States alone. In addition, MPC was named one of the most admired companies globally by Fortune magazine for eight consecutive years – from 2009 to 2016!
Marathon Petroleum Corporation has been one of the most successful companies in the United States in recent years. In 2010, they were ranked 179th on its largest corporations’ Fortune Global 500 list by gross revenue.
Stock Marathon Petroleum Corporation (TA)
The company has a market capitalization of $50.54 billion and employs over 10,000 people worldwide. The company’s current revenue (TTM) is $174.25 billion.
The stock reached its highest end-of-day price at $135.64 on April 3, 2023, while its lowest end-of-day price was recorded at $13.53 on September 30, 2011. As of July 5, the shares are trading at $117.54.
Marathon Petroleum Corporation (TA) has the best stocks to buy now.
Conclusion
Buc-ees has a significant amount of appeal among travelers. This keeps them returning, earning their loyalty with great service, but for many, that’s no surprise.
With new stores opening across the country, you can be assured that Buc-ee’s expansion will continue steadily.
Buc-ees can be a smart investment if the company decides to go public and put its stock up for purchase and sale. However, the company has no plans to go public anytime soon.
We would love to hear your thoughts and experiences with Buc-ee’s! Leave a comment below.