Yes, QuikTrip offers franchise, and its franchise cost is one of the most reasonable in the convenience store industry. The investment range for when you want to buy into a QuickTrip franchise is between $25,000 and $30,000.
Full Answer
Are QuikTrip stores franchised?
Currently, Quicktrip corporation is valued at over $9 billion. For a Quicktrip Franchise, the initial investment that will be needed to set up a franchise unit is within the range of $20,000 to about $30,000. Just like every other franchise fee, you need to pay for the franchise fees and their franchise fee is $25,000.
How much does a QuikTrip franchise make a year?
Retail store owners earn a median income of $51,270 per year. Those who run warehouses earn an average of $55,000 annually.
Who owns the QuikTrip franchise?
QuikTrip owns and operates 835 convenience stores and gasoline service stations throughout eleven states in the South, Midwest, and Southwest. Chester Cadieux and partner Burt Holmes opened the first QuikTrip in 1958 in Tulsa, Oklahoma. Chester's son, Chet Cadieux III, is the current CEO.
How much does a quick trip owner make?
The average QuikTrip executive compensation is $240,158 a year. The median estimated compensation for executives at QuikTrip including base salary and bonus is $237,925, or $114 per hour. At QuikTrip, the most compensated executive makes $700,000, annually, and the lowest compensated makes $45,000.
Who owns QT gas station?
Chester (Chet) Cadieux IIIChester (Chet) Cadieux III, a Tulsa native, is the Chairman and CEO of QuikTrip Corporation, a regional gasoline/convenience store operation based in Tulsa, Oklahoma. The company was founded in 1958 by his father, Chester Cadieux II and is now the 33rd largest privately-held company in the United States.
What does QT gas station stand for?
The QuikTrip Corporation, more commonly known as QuikTrip (QT), is an American chain of convenience stores based in Tulsa, Oklahoma that primarily operates in the Midwestern, Southern, and Southeastern United States as well as in Arizona.
What is the largest gas station company?
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $285.6 billion and 71,100 employees. As of 2022, the US gas station industry has a market size of $138.3 billion. There are over 145,000 gas stations across the US.
How much is the owner of QuikTrip worth?
What is Chet Cadieux's Net Worth?Net Worth$35,000,000distance:424 Miles Get Directions Listings Nearby Change LocationAddress4705 S 129th E Ave, Tulsa, OK 74134CategoryConvenience Stores, Oil & Gas CompaniesKeywordsOklahoma CEOs QuikTrip Tulsa CEOs3 more rows
What state has the most quick trips?
TexasThere are 953 QuikTrip retail stores in the United States as of October 17, 2022. The state with the most number of QuikTrip locations in the US is Texas, with 230 retail stores, which is about 24% of all QuikTrip retail stores in the US.
Why is QuikTrip so good?
QuikTrip guarantees that its motor fuel will not harm your engine. The company sells Top Tier gasoline, which has higher levels of additives for all grades of fuel — even the cheap stuff. AAA says buying gas from Top Tier retailers, including QT, is better for your car.
Where is QuikTrip headquarters?
Tulsa, OKQuikTrip / Headquarters
How much does it cost to open a Racetrac gas station?
What is the initial investment? The initial investment is approximately $1 - $1.4 million. What is the franchise fee? The franchise fee is $25,000.
How much does it cost to start a QuikTrip?
A QuikTrip store costs an average of $4.2 million to build. Ideally, some of QT's qualified (and willing) Atlanta-area employees would want to relocate, but that would also cost money.
Is QT gas station a franchise?
QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 850 stores in eleven states. Those revenues place QuikTrip high on the Forbes listing of largest privately held companies.
How much does it cost to open a Racetrac gas station?
What is the initial investment? The initial investment is approximately $1 - $1.4 million. What is the franchise fee? The franchise fee is $25,000.
Where did QT start?
Tulsa, OKQuikTrip / Place foundedThe popular convenience store first opened Sept. 25, 1958 in Tulsa, Okla. It is said QuikTrip, more commonly referred to as "QT," founder Burt Holmes became intrigued by the success of "7-Eleven" convenience stores while on a drive through Dallas.
Where is Quiktrip located?
The QuikTrip Company, which is popularly known as QT is based in Tulsa Oklahoma and it is a chain of convenience stores that are primarily run in the Southern, Southeastern, and Midwestern parts of the United States. The company was established in the year 1958 by two business entrepreneurs, Chester Cadieux and Burt Holmes.
Does a franchise need financing?
FINANCE. The company does not offer any form of financing to its franchisees, either directly or indirectly. However, franchises that require financing can seek this from lending firms that are ready to fund the franchise business.
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Contact Us
QuikTrip is dedicated to customer service; please contact us for any reason. Read more to learn about all available contact options.
History
QuikTrip has been serving our customers quality products with a smile for over 55 years. It has been a wonderfully transformative process to become who we are today, and we are not done. The goal of being the best is always moving, and we are moving with it. SEE the QuikTrip story here.
Community
At QuikTrip we know that we can only be as strong as the community we serve. Your neighborhood is our neighborhood.
News
There is a lot going on at QT. Get the most up-to-date information here.
Contests
You could be our next big winner! Check out our current contests for more information about contest rules, potential prizes and more.
