How much does it cost to open a Circle K franchise?
The franchise fee for Circle K is $25,000. The total investment to open and operate a Circle K franchise ranges from $171,000 to $1.9 million. A royalty fee of 4.5% of gross sales is paid to the company (franchisees who forgo funding from the company will pay a royalty fee of 3.7% of gross sales.
How much money does a Circle K franchise make?
Number of units: Circle K has a total of 5,997 units within the mainland U.S., 648 of which are currently franchised. Average Gross Revenue Per Store: $15,195,997,518 (System-wide sales) ÷ 5,997 units = $2,533,933.
Are Circle K stores franchised?
Overview. Since the 1980s, Circle K has been the largest chain of company-owned and operated (non-franchised) convenience stores in the United States.
Are Circle K stores independently owned?
History of Circle K Stores Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. Circle K's success in the convenience retailing industry spans more than 60 years.
Who owns the Circle K Franchise?
Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations
Are convenience stores profitable?
Generally, convenience stores are profitable propositions, with average gross profit margins upwards of $450,000. Profitable ventures may result in an opportunity to open other locations within a city or area, increasing your potential profits that much more.
What does the K in Circle K stand for?
Kosher certification agency symbol, a mark on foods indicating kosher status from a certification agency.
Why do Indians own gas stations?
They come from a clan based society. Two generations ago, a few families immigrated to the US. They worked hard, and built a life. As more members of the extended clan immigrated, the established families would help them by pooling money to buy small business'.
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.
Does Circle K own speedway?
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven.
Where is Circle K's headquarters?
Tempe, AZCircle K / Headquarters
How much is Tim Horton franchise?
How Much Does It Cost to Open a Tim Hortons?Name of FeeLowHighInitial Franchise Fee$25,000$50,000Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges$1,000$70,000Equipment$20,000$435,000Real EstateVaries10 more rows•Jul 29, 2022
What is Circle K Worth?
The estimated net worth of Circle K Stores Inc is at least $146 Million dollars as of 2022-11-01. Circle K Stores Inc is the 10% Owner of CrossAmerica Partners LP and owns about 7,486,131 shares of CrossAmerica Partners LP (CAPL) stock worth over $146 Million.
How much is Tim Horton franchise?
How Much Does It Cost to Open a Tim Hortons?Name of FeeLowHighInitial Franchise Fee$25,000$50,000Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges$1,000$70,000Equipment$20,000$435,000Real EstateVaries10 more rows•Jul 29, 2022
Who owns Circle K in Egypt?
Mahmoud Monir Soliman, Chairman, TMT for Multi Trading & Distribution (Circle K Egypt) - AmCham Egypt.
How much does it cost to open a gas station in Canada?
Ranges from $1.5 million to $6 million plus. The investment varies based on land value, lot size and product service offering (convenience store, quick service restaurant, carwash, other).
How long is a convenience store franchise?
An amount equal to royalty payments for a period of 48 months or the remaining term of the Convenience Store Franchise Agreement based on the monthly gross sales for the most recent 12-month period or for a shorter period if the Convenience Store Franchise Agreement hasn't been in effect for 12 months.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is for 10 years from the date the store is deemed by the franchisor to be open for business. If franchisees are in good standing, they can renew for one renewal term. Franchisees must execute the then-current form of Franchise Agreement at renewal.
What is franchise territory?
Territory Granted: The Franchise Agreement grants franchisees the right to operate one convenience store only at the location specified. Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that owned by the franchisor, or from other channels of distribution or competitive brands that the franchisor controls.
How long does franchising training take?
Franchisees will receive two weeks of classroom training and up to two weeks of in-store training, which may overlap with the two weeks of classroom training. All classroom training will take place in Tempe, Arizona and/or at other locations as specified by the franchisor. The franchisor will offer periodic training for franchisees or their operations manager and their store manager in specialized fields. The franchisor may hold additional or refresher training courses from time to time, and may require that franchisees and their store managers (or, if they are a multi-site operator, their designated trainer) attend these courses.
What is financial assistance for franchisors?
Financial Assistance: The franchisor offers to qualified franchisees a funding program for business improvements/construction/equipment/conversion costs. The amount of the funding offered will be determined by the franchisor, and will depend on the condition of the premises, including the necessary improvements and branding requirements.
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Does Circle K have to offer all products?
The franchisor requires franchisees to offer and sell at their convenience store only those products and services specified or approved, which will include those products and services generally offered at Circle K stores. Franchisees must offer for sale all products and services designated as required for all franchisees.
How much does Circle K franchise cost?
The franchise fee for Circle K is $25,000. The total investment to open and operate a Circle K franchise ranges from $171,000 to $1.9 million. A royalty fee of 4.5% of gross sales is paid to the company (franchisees who forgo funding from the company will pay a royalty fee of 3.7% of gross sales.
How many Circle K locations are there?
By 1984, Circle K had topped $1 billion system-wide in annual sales. The company began franchising in 1999, and has since grown to more than 6,000 locations in the United States and seven other countries, including Mexico, Honduras, Japan, China, Vietnam, United Arab Emirates and Indonesia. Circle K is one of the most widely recognized convenience ...
What is Circle K?
Circle K is one of the largest convenience store chains in the United States, and has store locations worldwide. Circle K stores offer everything needed by customers on the go, including a beverage fountain, coffee bar, frozen and refrigerated foods, packaged and dry goods and other groceries, and some locations offer gasoline.
Where is Circle K located?
Circle K convenience stores are located mostly in the Southern, Western, Southwestern and Midwestern United States. With its many locations around the world and its full service of food and other items, Circle K is synonymous with convenience. Start your business!
Is Circle K a good company?
Circle K strives to be a good corporate citizen through its charitable support in two key areas: youth-at-risk and education. Also, Circle K has been a national sponsor of United Cerebral Palsy since 1984.
Is Circle K a franchise?
Circle K is a widely respected leader in the convenience store industry with a loyal customer base, a recognized brand, high-quality products and excellent service. The company is seeking franchise agreements coast to coast in the United States.
Who owns Circle K?
The company owns thousands of stores, and then began franchising them in 1999. Circle K is now owned by the Alimentation Couche-Tard company.
Where is Circle K located?
In the United States, the Circle K is primarily in the southern and western states. Overseas, the convenience store has many locations in Japan, Mexico, Guam, China and a few more. There are currently more franchise stores in foreign locations – 3,676, than there are in the US – 467, although the company owns another 2,600+ in the US.
Where is Circle K training?
Training takes place at their headquarters in Phoenix, AZ for two weeks, and then another two weeks will be spent at other stores.
Who owns Circle K?
In 2003, Circle K was acquired by Alimentation Couche-Tard, which developed the chain into a global brand represented in over 20 countries.
What is Circle K?
Circle K offers business operators and entrepreneurs the opportunity to work with a franchisor who not only helps grow new ventures, but offers the flexibility to tailor individual stores to the customers they serve.
What is Circle K Favorites?
Circle K Favorites. Our private label line is the same excellent quality customers are used to at a much better price. Favorites stands for quality. Fresh Foods. We’ve got your hunger covered.
When did Circle K start?
Circle K’s success in the convenience retailing industry spans more than 60 years. Our roots trace back to 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Little did anyone know that these stores would serve as the beginning of Circle K.
Where is Circle K located?
During the early years, Hervey’s enterprising spirit enabled the company to make its mark in the southwestern part of the United States, growing the Circle K chain into neighboring New Mexico and Arizona.
