Franchise FAQ

does kum and go sell franchise

by Bradly Bartoletti Published 1 year ago Updated 1 year ago
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"During the transition we will assist new operators with regards to contracts, and will provide advice but will not continue to do so after as we are not franchise operators," Kum & Go's Chief Operating Officer, Dennis Folden, told CSNews Online.

"During the transition we will assist new operators with regards to contracts, and will provide advice but will not continue to do so after as we are not franchise operators," Kum & Go's Chief Operating Officer, Dennis Folden, told CSNews Online.May 2, 2008

Full Answer

What happened to Kum and Go stores?

In addition to building new stores, Krause Gentle acquired unwanted stores from chains such as 7-Eleven, QuikTrip, and Git 'n' Go and converted them to Kum & Go stores. In 2007 and 2008 Kum & Go auctioned off more than 40 of its smaller stores in order to focus on building larger stores ranging in size from 3,600 to 5,000 square feet (460 m 2 ).

Is Kum and go owned by Krause Gentle?

Kum & Go went through a period of rapid expansion in the late 1990s and early 2000s. In addition to building new stores, Krause Gentle acquired unwanted stores from chains such as 7-Eleven, QuikTrip, and Git 'n' Go and converted them to Kum & Go stores.

What states have Kum and Go convenience stores?

Other states include: Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, and Wyoming. Kum & Go was ranked as the 24th-largest convenience store chain in the United States by Convenience Store News in 2019.

Why work at Kum & Go?

Connect with great people. At Kum & Go, we all share a not-so-secret secret: when you enjoy each other’s company and the company you work for, everything else just falls into place. We refer to our corporate office as our Store Support Center (or “the SSC”) to emphasize the value we place on servicing our stores and our customers.

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Who is Kum & Go owned by?

Krause GroupKum & Go is part of Krause Group, a family of businesses which also includes Krause+, Solar Transport, Des Moines Menace Soccer, Pro Iowa, Dalla Terra Ranch, Teamwork Ranch, Parma Calcio 1913, Casa di Langa, Vietti and Enrico Serafino.

Did Kum and go get bought out?

US Assets Inc., Dallas, acquired the stores in 2016. The chain—which now has more than 80 stores—is now owned by White Oak MOARK LLC, Harrison, Ark., and a Newport, R.I.-based limited liability company called ARG WO9PSLB001 LLC took over several locations.

How much is Kum and Go worth?

Kum & Go was ranked as the 24th-largest convenience store chain in the United States by Convenience Store News in 2019....Kum & Go.A Kum & Go in ColoradoRevenueUS$2.6 billion (2021)Net incomeUS$108 million (2021)Number of employees5,000 (2021)ParentKrause Group13 more rows

How many Kum and Go locations are there?

How many Kum & Go stores are there in the United States? There are 390 Kum & Go stores in the United States as of October 10, 2022. The state with the most number of Kum & Go locations in the US is Iowa, with 108 stores, which is about 28% of all Kum & Go stores in the US.

Why did Casey's buy Kum and Go?

Casey's picks up 22 Kum & Go stores “These stores are an excellent fit to our existing store base and will allow us an opportunity to operate in a new state,” said Robert J. Myers, president and CEO of Casey's.

What did Kum and Go used to be called?

the Hampton Oil Company1950s — Two Hampton entrepreneurs, W.A. Krause and T.S. Gentle, founded Kum & Go (KG) September 1, 1959 under the original name of the Hampton Oil Company.

Is Kum and go a publicly traded company?

As a privately owned company, Kum & Go does not report quarterly results.

What company owns Circle K?

Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations

When did Kum & Go start?

1959, Hampton, IAKum & Go / Founded

What states are Kum & Go in?

About Kum & Go, L.C. Established in Hampton, Iowa, in 1959, the chain has since grown to employ 5,000 associates in nearly 400 stores across 11 states (Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming).

Who is CEO of Kum go?

Kyle J. Krause (2004–)Kum & Go / CEO

Does Kum and Go Own Caseys?

and Kum & Go announced Friday that they have signed a definitive purchase agreement for Casey's to acquire 22 convenience stores from Kum & Go. All 22 stores are located in Iowa operating under the Kum & Go banner. The stores will be immediately rebranded to Casey's once the transaction is completed.

Who is Kwik Trip owned by?

Zietlow FamilyKwik TripServicesConvenience store Gas station Fast food Car washRevenueUS$4 billion (2021)OwnerZietlow FamilyNumber of employees31,000+ (2022)Websitewww.kwiktrip.com12 more rows

What company owns Circle K?

Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations

Who is CEO of Kum go?

Kyle J. Krause (2004–)Kum & Go / CEO

How many Kum and Go stores are in Missouri?

Kum & Go now has 73 stores throughout Missouri. For more information about store locations, services and green initiatives, visit kumandgo.com.

How many states does Kum and Go have?

For over 60 years, Kum & Go has been dedicated to the communities it serves, sharing 10 percent of its profits with charitable causes. For four generations the family-owned convenience store chain has focused on providing exceptional service and delivering more than customers expect. Established in Hampton, Iowa, in 1959, the chain has since grown to employ nearly 5,000 associates in 400 stores in 11 states: Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming.

Who owns ascend money?

Ascend Money—backed by Charoen Pokphand Group, which is controlled by Thailand’s richest man Dhanin Chearavanont and his family—said Monday it had raised $150 million from new and existing investors, boosting its valuation to $1.5 billion.

Where is Kum and Go located?

There is a Kum & Go in Durant, Wyoming, the seat of Absaroka County, in the Longmire mysteries by Craig Johnson. Kum & Go was mentioned in the Desaparecidos song "Greater Omaha" and in the They Might Be Giants Venue Song "Sokol Auditorium". Johnny Knoxville is seen wearing a shirt with the Kum & Go logo in the movie Jackass Number Two and A Thousand Years of Good Prayers. Kum & Go was shown in the South Park episode " A Nightmare on Facetime " and " Mexican Joker ".

Who is the CEO of Kum and Go?

According to Kum & Go CEO Kyle J. Krause the sale allowed for reinvestment other stores and helped drive long-term growth. On June 1, 2018, Kum & Go named fourth-generation family member Tanner Krause as president, with his father, CEO and President Kyle Krause, becoming chairman and CEO. In 2018, Kum & Go moved its headquarters to ...

What stores did Krause Gentle buy?

In addition to building new stores, Krause Gentle acquired unwanted stores from chains such as 7-Eleven, QuikTrip, and Git 'n' Go and converted them to Kum & Go stores.

What movie did Johnny Knoxville wear Kum and Go?

Johnny Knoxville is seen wearing a shirt with the Kum & Go logo in the movie Jackass Number Two and A Thousand Years of Good Prayers. Kum & Go was shown in the South Park episode " A Nightmare on Facetime " and " Mexican Joker ".

How many states does Kum and Go have?

The company, based in Des Moines, Iowa, operates 400 stores in 11 states—primarily in its home state of Iowa. Other states include: Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, and Wyoming. Kum & Go was ranked as the 24th-largest convenience store chain in the United States by Convenience Store ...

When did Kum and Go start?

The Kum & Go name was adopted in 1975 to unify the company's array of stores under a single brand. It was a play on the phrase "come and go" using the initials of founders Krause and Gentle.

Is Hampton Oil a part of Krause?

Hampton Oil eventually became the Krause Gent le Corporation, and is today a part of parent company, Krause Group. In 1963, Krause Gentle introduced the company's first convenience stores, selling both fuel and merchandise items, in which they changed their gas station into a "station store". The Kum & Go name was adopted in 1975 to unify ...

Get Your Product into KUM & GO

Mr. Checkout is a network of independent wagon-jobbers and full-line distributors. We distribute product to over 35,000 independent stores around the country and have built relationships with hundreds of retail buyers. We are always seeking the next hot new product. If you have a product, we want to hear from you!

How To Get Into KUM & GO

Kum & Go is a well-based convenience store. This retail chain is based in the Midwestern United States. One of the companiesis locatedin Des Moines, Iowa, and operates over 400 stores in 11 states, especiallyin its home state of Iowa.

If you have a product, we want to hear from you!

Mr. Checkout is a national association of independent wagon-jobbers and full-line distributors. We distribute product to approximately 35,000 independent stores around the country and are always seeking the next hot new product. If you have a product, we want to hear from you!

How to get your product into KUM & GO

Understand you client: Before you spend a lot of time and money creating a product, you should know if anyone will want to buy it. Learn more about Market Research

How long do franchisees have to pay royalties?

Franchisees that leave the system prematurely must pay royalties for three years based on the prior year’s average

How much do subway stores have to fork?

Subway store owners who refuse to agree to the new rules must fork over 10 percent of their revenues, source said.

How much of the revenue must subway owners fork?

Subway store owners who refuse to agree to the new rules must fork over 10 percent of their revenues, source said. Subway acknowledged that it has changed the terms of its franchisee contacts for the first time in 20 years.

Can you give furniture back to subway?

Give any furniture, sign, or material that says “Subway,” back to Subway , even though franchisees may have paid for it, at the end of the relationship.

When did Fred DeLuca start the store?

The push has some store owners threatening to walk away from the company co-founded by Fred DeLuca in 1965 .

Can franchisees post their criticisms on NAASF?

Ironically, franchisees who agree to the new contracts may no longer be able to post their criticisms of Subway on NAASF’s membership forum.

Hear why Waleed chose Kum & Go – Our Division Vice President - Operations

Waleed was first attracted to Kum & Go because he heard great things about our culture and reputation.

Benefits & More

Kum & Go is proud to provide our Store Support Center associates with the following benefits.

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Overview

Company expansion

In 1988, Krause Gentle moved the company's corporate headquarters to West Des Moines. Kum & Go went through a period of rapid expansion in the late 1990s and early 2000s. In addition to building new stores, Krause Gentle acquired unwanted stores from chains such as 7-Eleven, QuikTrip, and Git 'n' Go and converted them to Kum & Go stores. In 2007 and 2008 Kum & Go auctioned off more than 40 of its smaller stores in order to focus on building larger stores rangin…

Background

The chain was founded by William A. Krause and Tony S. Gentle, who founded the Hampton Oil Company in Hampton, Iowa, in 1959. Hampton Oil eventually became the Krause Gentle Corporation, and is today a part of Krause Group. In 1963, Krause Gentle introduced the company's first convenience stores, selling both fuel and merchandise items, in which they changed their gas station into a "station store".

Lawsuit

Kum & Go was sued in 2004 by an Omaha man claiming racial discrimination after being denied access to the public restroom. The lawsuit was rejected by a lower court, and the decision was upheld by the 8th U.S. Circuit Court of Appeals which ruled that the plaintiff had no standing to file the action, among other things.

External links

• Official website

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