Is Circle K a corporate or franchise?
International Franchise Circle K has a rich history of franchising outside of the U.S. & Canada, and plans to grow with strongly capitalized, established operators.
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.
How much 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.
Who owns the Circle K franchise?
Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations
How much is a Circle K Worth?
The estimated net worth of Circle K Stores Inc is at least $147 Million dollars as of 10/05/2022....Circle K Stores Inc personal network.NamePositionLinked companyCst Brands, Inc.10 percent ownerCrossAmerica Partners LP29 more rows
Are Circle K gas stations franchised?
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 store brands in the world.
Who bought Circle K 2022?
Circle K is acquired by Tosco Corporation, an independent petroleum refiner and marketer. The company keeps its headquarters in Phoenix, Arizona.
What does the K in Circle K stand for?
Kosher certification agency symbol, a mark on foods indicating kosher status from a certification agency.
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.
How do you become a vendor for Circle K?
Here are the 6 steps you need to take to have your product placed in Circle K.Start with the right questions.) ... Be prepared to profit.) ... Determine if Circle K is the right store for your product.) ... Pitch your product to Circle K.) ... Complete the required Circle K paperwork.) ... Anticipate the need for increased volume.)
How many Circle K stores are there?
CIRCLE K INTERNATIONAL More than 14,800 Circle K company operated stores in the United States, Canada, Denmark, Norway & Eastern Europe; and.
Are Circle K gas stations franchised?
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 store brands in the world.
What kind of company is Circle K?
convenience store brandsCircle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. We have come a long way since our humble beginnings, and we're proud of where we've been and where we're going.
How much does a Circle K franchise owner make Canada?
$38,733 per yearThe average salary for a Franchise Owner is $38,733 per year in Canada, which is 26% lower than the average Circle K salary of $52,953 per year for this job.
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 is Circle K?
In September 2015, Couche-Tard announced that Circle K would become the worldwide brand of all of its convenience stores, replacing Mac's, Kangaroo Express, and Statoil brands (except the Couche-Tard brand in Quebec and the INGO brand in Europe).
How many Circle K franchises are there in Hong Kong?
Circle K had 387 franchised locations throughout Hong Kong as of May 2020. The Circle K brand entered the Canadian market in 2008, in connection with Couche-Tard's acquisition of Irving Oil 's convenience store network.
What size are fountain drinks at Circle K?
Fountain drinks at Circle K are sold in Polar Pop cups, previously called Thirst Busters, are available in expanded polystyrene cups. In areas where polystyrene containers are illegal, plastic cups are offered. The 52-ounce cups are plastic. Most American locations offer any size, 32 ounce or under for under one American dollar. 52-ounce or above cups are priced at over a dollar. The price point of its 44 ounce size (marketed as "Epic XL" in some regions) may vary, as it may be under or over $1, depending on region.
How many states does Circle K have?
Within the United States, Circle K owns and operates stores in 48 states, with the largest concentration of stores found in Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, North Carolina, Ohio, South Carolina, and Texas.
How many Circle K stores are there in 2020?
As of February 2020, Circle K has 9,799 stores in North America (primarily in the United States and Canada), 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.
What brands of fuel are sold at Circle K?
Other brands of fuel sold at Circle K stores include Valero, BP, Exxon, Marathon, Irving, Mobil, and Phillips 66. Approximately 13% of stores worldwide do not sell gasoline.
Where are Circle K stores located?
Circle K operates stores in the United States, Canada, and Europe (the Nordics, Baltics, Poland, Russia, Ireland and the United Kingdom), and has franchises in Mexico (it partners with the Mexican stores " Tiendas Extra " created by Modelo Group), Cambodia, China, Egypt, Guam, Honduras, Hong Kong, Macau, Indonesia, Jamaica, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam. In Hong Kong and Macau, the stores are called OK in reference to the circle around the K. Circle K Hong Kong was founded in 1985 by Li & Fung Retailing (later Fung Retailing) as licensee of the name, but sold back to Couche-Tard in 2020. Circle K had 387 franchised locations throughout Hong Kong as of May 2020.
Solid Growth, Backed By Experience and Success
You may have been interested in franchising, but thought it was a bit too much or weren’t sure if it was for you. You’re not alone.
ALWAYS POSITIVE
At Circle K, opportunity abounds at every turn. The only question is, are you ready to take the first step toward success?
QUALIFICATION
Learn why other entrepreneurs, just like you, chose to become a Circle K franchisees.
Plenty Of Locations, Right Around The Corner
Finding your nearest store means finding the fastest, tastiest treats, probably within a stone’s throw of where you are searching right now.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
What is exclusive territory?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
What is included in the initial investment?
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Summary
Circle K Stores, Inc. an American chain of convenience stores, owned by the multinational company Couche-Tard and headquartered in Laval, Quebec, Canada. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003. As of February 2020, Circle K has 9,799 stores in North …
Overview
Since the 1980s, Circle K has been the largest chain of company-owned and operated (non-franchised) convenience stores in the United States. With 7,230 stores overall in the United States, Circle K is second to 7-Eleven's 9,348 stores (as of July 2019),. As of February 2020, there are more than 14,800 stores with the Circle K brand worldwide.
History
Entrepreneur Fred Hervey purchased three Kay's Food Stores in El Paso, Texas, in 1951. Hervey renamed the stores as "Circle K Food Stores, Inc." rather than "Kay." He grew the Circle K chain into neighboring New Mexico and Arizona, which has been the company's home base since 1957. (Hervey would go on to serve two terms as mayor of El Paso.)
Wage violations
A 2021 report on wage theft by the Center for Public Integrity named Circle K as one of the "worst offenders" in the United States. A class-action lawsuit was brought against the company in 2014, for which the company agreed in 2019 to pay a settlement of US$8.3 million. Circle K settled a similar class-action lawsuit in 2015 as well.
Frosters and Polar Pops
Fountain drinks at Circle K are sold in Polar Pop cups, previously called Thirst Busters, are available in expanded polystyrene cups. In areas where polystyrene containers are illegal, plastic or paper cups are offered. The 52-ounce cups are plastic. Most American locations offer any size, 32 ounce or under for under one American dollar. 52-ounce or above cups are priced at over a dollar. The price point of its 44-ounce size (marketed as "Epic XL" in some regions) may vary, as …
Sponsorship
Circle K was a part-time primary sponsor of the No. 28 IndyCar Series racecar driven by Ryan Hunter-Reay of Andretti Autosport between 2011 and 2013. In 2014, it switched to KVSH Racing driver Sébastien Bourdais. Circle K, along with Oberto Sausage Company, currently sponsors Marco Andretti.
In 2017, Circle K went to NASCAR, sponsoring Matt Kenseth and Joe Gibbs Racing with …
See also
• Circle K Sunkus
• List of automotive fuel brands
• List of convenience stores
External links
• Official website USA and Canada site
• Official website Ireland site