Gas up your appetite: RaceTrac buys Potbelly sandwich chain in $566M deal

Gas up your appetite: RaceTrac buys Potbelly sandwich chain in $566M deal

Potbelly has been acquired by RaceTrac for $566 million, marking a strategic expansion into the fast-food sector by the convenience store giant.

RaceTrac Acquires Potbelly in $566 Million Deal

Franchise News from Ben & Jerry’s, Pet Supplies Plus, Batteries Plus and Shipley’s Convenience stores that serve meals are attracting more customers, according to data from Convenience Store Products. So RaceTrac, a gas station-convenience store brand, just may have made a shrewd move by acquiring fast-food chain Potbelly for $566 million this month. Potbelly currently has 445 company- and franchisee-owned sandwich-soup-salad restaurants. With i…