Circle-K never releases any data related to franchise profit. However, there are many aspects on which we can define the profitability of Circle- K. As per our research, running a convenience store is always profitable, no matter whether the brand is recognized or not.
Full Answer
What do you need to know about Circle K franchisees?
Here’s what you need to know if you’re interested in opening a Circle K franchise. Circle K is a chain of convenience stores with a significant presence in the U.S., as well as more than ten countries worldwide. This company can trace its roots back to Fred Hervey's three food stores back in 1951.
Is Circle K a Canadian company?
The store chain is managed by Alimentation Couche-Tard, which is a Canadian company- they also manage and run On The Run stores. Circle K stores can mostly be found in the Western, Southern, Midwestern and South-western parts of United States. The company, with its numerous locations across the world, can also be referred to as “Convenience”.
How many Circle K locations are there in the US?
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.
Is Circle K owned by Couche-Tard?
Circle K and parent company Couche-Tard are upping the stakes with the acquisition of The Pantry (operating primarily under the Kangaroo Express banner) for a cool $861 million in cash. This added 1,500 locations to the growing Circle K empire.
Who owns Circle K?
What is franchise investment?
What is franchise fee?
How long is a franchise agreement?
Do franchisors have in-house financing?
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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.
How much income does a franchise owner make?
The Numbers According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
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.
What type of franchise makes the most money?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
How much is a Circle K Worth?
The estimated net worth of Circle K Stores Inc is at least $143 Million dollars as of 10/25/2022....Circle K Stores Inc personal network.NamePositionLinked companyCst Brands, Inc.10 percent ownerCrossAmerica Partners LP29 more rows
How do you become a Circle K owner?
Circle K has the franchise fee of up to $25,000, with total initial investment range of $185,500 to $1,601,500.Initial investments: $185,500 - $1,601,500. Net-worth Requirement: $500,000. ... Initial Franchise Fee: $25,000. Ongoing Royalty Fee: 3 - 7.5% ... On-The-Job Training: 24 hours. Classroom Training: 56 hours.
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 franchise makes the most money for owners?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is the most profitable business to own?
Most Profitable Business IdeasBusiness Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ... IT Support, Technology Consulting, and Repair. ... Cleaning Services. ... Accounting and Tax Preparation. ... Auto Repair. ... Real Estate. ... Online courses. ... Marketing and PR Services.More items...
How do you know if a franchise is profitable?
According to Franchise Direct, the best way to determine a franchise's future profitability is by analyzing Item 19 of the franchise's franchise disclosure document (FDD), which outlines the business's financial performance. It's a good idea to consult an accountant or lawyer, who can help you crunch the numbers.
Do franchise owners make good money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Is it profitable to own a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
Is it worth it to own a franchise?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
How much do 7 Eleven franchise owners make?
The estimated total pay for a Franchise Owner at 7-Eleven is $140,208 per year.
Circle K Franchise Opportunities | How to Open a Circle K Store
It is a well-established chain of stores that is international in size and it also has been around a long-time – since 1951. The company owns thousands of stores, and then began franchising them in 1999.
International Franchising | Circle K Franchise
International Presence. Circle K International launched in 1979. As a globally recognized brand, Circle K has a rich history of franchising outside of the U.S. and Canada.
Circle K Stores’s Competitors, Revenue, Number of Employees, Funding ...
Circle K Stores’s Profile, Revenue and Employees. Circle K is an Arizona-based holding company that owns and operates a chain of convenience stores. Primary competitors include ampm, 7-Eleven, Stewart's Shops and 7 more.
Circle K Stores | Jobs, Benefits, Business Model, Founding Story
info: Brian Hannasch (“Hannasch”) has served as President and Chief Executive Officer at Alimentation Couche-Tard since September 2014. Since Alimentation Couche-Tard’s oversees the operations of Circle K, Hannasch is responsible for overseeing and implementing the overall strategic direction and growth strategies of Circle K. Hannasch began his career in 1998, when he joined Amoco.
How much does a Circle K franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 648 franchised Circle K locations in the USA.
Who owns Circle K?
The company began franchising in 1999. Now owned by parent company Alimentation Couche-Tard, Circle K franchises can be found in more than 20 states, as well as more than 10 other countries.
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.
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.
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.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Who owns Circle K?
Now owned by Quebec-based Canadian parent company Alimentation Couche-Tard, Circle K is in more than 20 states and 10 countries around the world.
How many Circle K stores were open in 2014?
2014 average gross sales for the 3,131 company-operated Circle K Stores (by region, then by quartile) that were open and operating the entire 52-week period ending April 26, 2015
What was the first convenience store to put tobacco products behind the counter?
Interestingly, Circle K was the first convenience store retailer to put all tobacco products behind the counter, out of the reach of underage buyers, and more recently was the first retailer to adopt the use of electronic age verifiers in all stores, reducing human error in the process.
When did Couche Tard acquire Circle K?
Couche-Tard, one of the world’s leading convenience retailers, acquired the brand in 2003, and announced in September 2015 the creation of a new global convenience brand, “Circle K.”. This new Circle K brand will replace Couche-Tard’s existing Circle K, Statoil, Mac’s, and Kangaroo Express branding on stores and service stations across Canada, ...
How many locations does Circle K have?
Circle K may not have the 56,439 locations that behemoth 7-11 boasts (8,109 in the U.S., 47,835 abroad, and 495 company-owned units), but it’s doing well enough with its 14,916 locations (7,987 in North America; 2,229 in Europe, including Norway, Sweden, Denmark, Poland, and in the Baltics with Estonia, Latvia, Lithuania, and Russia; and 4,700 in 12 other countries, including China, Guam, Honduras, Hong Kong, Indonesia, Japan, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam).
When did Circle K start?
Its origins date back to 1951, when Fred Hervey purchased three Kay’s Food Stores in El Paso, TX (he passed away in 1999 at the age of 90). In 1975, there were 1,000+ Circle K stores across the country, and in 1979 the chain entered the international arena with its first stores in Japan.
Does Circle K have an ATM?
So how is Circle K different from every other convenience store? At first glance, it isn’t. It’s got all the usual snack foods, a few hot food choices, and the full range of beverages one expects (including its own brand of coffee), along with a few other key non-food products, and of course gasoline at filling stations. They do have branded in-store ATM machines and also offer money orders.
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 began franchising in 1999. Now owned by parent company Alimentation Couche-Tard, Circle K franchises can be found in more than 20 states, as well as more than 10 other countries.
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.
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.
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.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
