Raymer Oil Company

What Raymer Oil Company does

Raymer Oil Company is a privately held fuel and convenience store operator headquartered at 132 South Elm Street in Statesville, North Carolina. Founded in 1945, the company operates Fast Phil's, a wholly-owned convenience store chain of 10 locations concentrated in Statesville, Mooresville, Troutman, and Yadkinville, with most sites positioned near the I-77 and I-40 interstate corridors. Through its Kivett Oil division, which shares the same headquarters, the company also wholesales fuel and heating oil products, providing a vertically integrated fuel supply to the retail chain.

Fast Phil's stores combine a convenience-store format with supermarket-style pricing on staples (bread, milk, eggs, cereal) under a consistent "Every Day Low Price" program, supplemented by daily 2-for-deals on snacks and beverages and a Dollar Value Section featuring products at $1 or less. The company also operates a proprietary Check Cashing Courtesy Card program, available in personal and corporate versions, that enables approved customers to write checks at any of its stores. Technology is limited to standard c-store inventory management, with no proprietary digital platform, app, or AI capability referenced. Approximately 60 employees staff the 10 locations, supported by long-tenured management (store managers retained 7-24 years; VP/GM Walter Herring in role for a decade).

The business operates on a direct-to-consumer retail model generating revenue through fuel sales, convenience merchandise transactions, and check-cashing fees. Two customer segments are served: local residents who shop daily and interstate commuters/travelers making quick fuel and snack stops. The chain peaked at 17 stores before several locations were sub-leased to independent operators, leaving the current 10-store footprint. The company is self-funded with no external investment, no disclosed M&A activity, and no recent expansion signals beyond legacy pricing programs and community engagement.

Name

Raymer Oil Company

Legal name

Raymer Oil Company

Website

https://fastphils.net

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Raymer Oil Company is a privately held Statesville, North Carolina-based fuel and convenience store operator running 10 Fast Phil's stores across NC plus the Kivett Oil fuel and heating oil business, serving local residents and interstate commuters.

Ownership category

akta.pro rank

Product category

Convenience Store Retail

NAICS

Gasoline Stations with Convenience Stores (45711), Convenience Retailers (445131)

SIC

Retail-Convenience Stores (5412), Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE)

akta.pro secondary industries

Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers) (EUALAIAJ), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

Keywords

• Convenience store retail
• Fuel and heating oil
• Check cashing services
• Everyday low pricing
• Grocery staple retail

Headquarters

HQ city

Statesville

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Convenience Store Retail: Revenue from retail sales of fuel, groceries, convenience items, snacks, beverages, and everyday essentials. Features consistent pricing across all stores and daily 2-for-deals on items such as Moonpies, Gatorade, 20 oz. soft drinks, candy, energy drinks, and water.
2. Check Cashing Services: Revenue generated from check cashing card program for customers. Card enables customers to write checks at stores with reduced risk.
3. Fuel and Heating Oil: Parent company Kivett Oil/Raymer Oil Company deals in fuel and heating oil products.

Pricing tiers

Distribution channels1 record

Marketing channels4 records

Core offering

Raymer Oil Company operates the Fast Phil's convenience store chain, running 10 retail locations across North Carolina (Statesville, Mooresville, Yadkinville, Troutman) that sell gasoline, convenience items, snacks, beverages, and staple groceries at consistent everyday low prices. The company also operates a fuel and heating oil business through its Kivett Oil division, and offers a proprietary check cashing courtesy card program.

Product overview

Fast Phil's operates as a convenience store chain under Raymer Oil Company, offering a unified retail experience across 10 North Carolina locations. The core offering consists of convenience stores selling gasoline, everyday grocery items, and convenience products. The business differentiates through proprietary pricing programs including the '2-FOR-DEALS' daily specials, 'Every Day Low Price' program on staples (bread, milk, eggs, cereal), and a monthly deals rotation. Additional services include the Check Cashing Courtesy Card program. The stores also feature a Dollar Value Section with products priced at $1 or less. All stores maintain consistent pricing regardless of location, with most stores situated near I-77 and I-40 interstates.

Differentiator

Problem solved

Functional benefit

Products and services

• Fast Phil's Convenience Stores A chain of 10 convenience stores in North Carolina (Statesville, Mooresville, Yadkinville, Troutman) offering gasoline, convenience items, limited groceries, snacks, beverages, and financial services including check cashing. Targets local residents and interstate travelers.
• Check Cashing Courtesy Card A proprietary check cashing card program allowing customers to write checks at Fast Phil's stores. Available in both personal and corporate versions, with separate application forms.
• Fuel and Heating Oil Wholesale and retail fuel and heating oil products offered through the parent company's Kivett Oil division, sold alongside convenience store gasoline at Fast Phil's locations.

Quantifiable outcome

• Daily customer visits from loyal local clientele who shop every day
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Kivett OilcoreOthersKivett Oil is the parent company/parent entity of Fast Phil's convenience stores and Marr Inc. They share the same headquarters address (132 South Elm Street, Statesville, NC) and operate the fuel and heating oil business alongside the convenience store operations.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• QuikTrip: Privately held regional c-store chain operating across the South and Midwest with strong private-label food and consistent store standards. Comparable to Fast Phil's as a private, multi-state convenience retailer with disciplined real-estate selection.
• 7-Eleven: Largest US c-store chain with broad fuel and convenience operations including franchised and corporate sites. Highly comparable in format and customer use case, and a key branded competitor for the same North Carolina commuter and traveler basket.
• Wawa: Mid-Atlantic and southeastern US c-store chain known for private-label food, hoagies, and a mature mobile app/loyalty program. Operates the same fuel-plus-prepared-food convenience format as Fast Phil's, and is a likely expansion competitor in North Carolina.
• Sheetz: Large, family-owned convenience store chain in the Mid-Atlantic and Southeast with strong made-to-order food programs and a heavily invested digital/loyalty platform — directly comparable to Fast Phil's in format and southeastern US footprint, though far larger and more tech-forward.
• Circle K (Couche-Tard): Global c-store giant with thousands of US locations including a strong southeastern presence. Comparable to Fast Phil's in the core fuel-plus-convenience format and a major competitive threat if it expands density in the I-77/I-40 corridor.
• Pilot Flying J: Large US travel-center and c-store operator with a heavy presence along major interstates including I-77 and I-40. Directly comparable to Fast Phil's as a competitor for the same highway-traveler customer base in North Carolina.
• RaceTrac: Family-owned southeastern US c-store chain with a similar fuel-led, large-format convenience model and interstate-corridor real-estate strategy, making it a direct competitive reference for Fast Phil's footprint along I-77 and I-40.

Direct peers

• Murphy USA: Public US c-store chain focused on low-cost fuel and high-volume convenience sites, often near Walmart. Comparable to Fast Phil's in the fuel-led convenience model and as a real-estate-driven, value-positioned operator in the Southeast.
• GPM Investments: Large US c-store portfolio company (ARKO Corp) operating brands like E-Z Mart and Admiral. Compares to Fast Phil's as a multi-brand, multi-site c-store operator that acquires and operates regional independents — a potential strategic or acquisition counterparty.
• Refuel Operating Company: Southeastern US-focused c-store and fuel retail operator with a portfolio of company-owned and dealer sites in similar geographies. Comparable to Fast Phil's as a regional multi-store operator with a fuel-led, convenience-format model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fast-phils

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raymer Oil Company