Wawa is a renowned American chain of convenience stores with an estimated net worth of $2 billion. It is one of the largest convenience store chains in Pennsylvania.
The company’s key products include coffee, hoagies, pizza, chips, drinks, salads, and others. Besides, Wawa has multiple gas stations all over the United States.
How much is Wawa worth?
Wawa has an estimated net worth of $2 billion in 2023.
The company primarily makes money by selling food items & beverage products. In addition, it earns a handsome amount from gas stations. A couple of years ago, its net worth was nearly 1 billion dollars.
Although Wawa’s net worth is much less than its competitors, it has a great presence in the United States.
Wawa revenue 2023
Wawa’s revenue is approximately $15 billion in 2023.
Its annual revenue is up from $11 billion to $15 billion within two years. Wawa’s revenue is increasing every year at a rapid rate due to its huge success since its inception.
The vast majority percentage of Wawa’s annual revenue comes from selling coffee and other food items. Check also, Starbucks Net Worth 2023.
How rich is Wawa?
Wawa is a massive company that has a massive net worth. Its total assets are around 2 billion dollars which is really a massive amount. As a result, Wawa is considered a rich brand in the USA.
Currently, Wawa is one of the biggest convenience store chains in the world with a hefty net worth. It is a large company by revenue. Its current net income per year is approximately 15 billion dollars.
Is Wawa still privately owned?
Yes, Wawa is still a privately owned company. It is a family-run business from the very beginning.
Wood family members hold the majority ownership of this company.
Wawa is a privately held company that was founded by a successful American entrepreneur named Grahame Wood. Now his family members are playing a role as the owner of this brand.
In 2015, Wawa took place 34 on Forbes magazine’s list as a large private company.
Who owns Wawa?
Currently, Wawa is owned by both Wood family members and the employee stock-ownership program. Wood family members keep more than 50% of the ownership of Wawa.
On the other hand, the company’s employees hold more than 40% of the ownership of this brand. However, Grahame Wood is the founder and the real owner of the company.
Chris Gheysens is the current CEO of Wawa. He became the CEO of Wawa in early 2013.
Gheysens is actually an American businessman who has an estimated net worth of $5 million. He joined Wawa in 1997 as the company’s chief financial officer. Later, he became the chief administrative officer in 2007.
Now Chris Gheysens is serving Wawa as the Chief Executive Officer and President.
Early years of Wawa
Wawa was founded in 1803 as an iron foundry in New Jersey. Over the years, it expanded its business and product collections.
Now it is a leading company in convenience stores, gas stations, and the fast food industry. Currently, Wawa is headquartered in Baltimore Pike, Wawa, Pennsylvania, USA.
Wawa has nearly 40k employees. The company was formalized with an employee stock ownership plan in 1992. After that, Wawa has seen enormous success in its business.
How many Wawa stores are there?
There are nearly 1000 convenience retail stores of Wawa, Inc. in the United States.
Wawa has stores in seven states including,
- New Jersey
These stores offer a large fresh food service selection. The company has a plan to open more stores in Panama City, Pensacola, and Tallahassee by 2024.
Every Wawa store makes an average of $15 million in revenue per year. The total revenue of this brand is actually split between all of these stores.
Why is Wawa so popular?
Wawa is so popular because of offering less expensive foods and award-winning freshly brewed hot coffee.
Besides, its customizable hot sandwich is a fan-favorite food item. Wawa has been able to get huge popularity by providing quality foods at fairly reasonable prices to consumers.
There are some more reasons behind Wawa’s popularity. Such as,
- Free ATMS service
- Customer loyalty
- Convenience stores nearby
- App service for online payment
- Gas stations attached to stores
- Most Wawa stores are open 24/7
- The touch screen menus for customizing food orders easily
Does Wawa sell beer?
Yes, Wawa sells beer. According to the sources, the company started selling beer in 2017 in Pennsylvania.
Wawa is expanding beer-selling store locations slowly with liquor licenses. Already a couple of Wawa stores sell beer in Philadelphia, Virginia, Delaware, Florida, and New York.
By the way, Wawa is expecting to open more beer-selling stores in Pennsylvania.
Where does Wawa rank in the US?
Wawa ranked no 1 for sandwiches in a survey conducted by Market Force.
In 2022, Wawa became the 24th largest private company on Forbes’ list with total revenue of $14.93 billion.
On the other hand, Wawa is the largest family-run company in Pennsylvania in terms of revenue and employees.
- https://www.forbes.com/companies/wawa/?sh=541d61142644 – About Wawa’s total revenue.
- https://www.linkedin.com/in/chris-gheysens-2102997?original_referer=https%3A%2F%2Fwww.google.com%2F – CEO of Wawa.
- https://csnews.com/wawa-slowly-expanding-beer-sales-pennsylvania-amid-challenges – Wawa sells beer.
- https://www.forbes.com/lists/largest-private-companies/?sh=4952281dbac4 – Wawa’s ranking.