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Circle K

2014 Franchise 500
#40
At a Glance

Products & Services: Convenience stores

Number of Locations: 8,197

Total Investment: $210.5K - $1.6M

Founded: 1951

Began Franchising: 1995

About Circle K

The Circle K convenience store chain got its start in 1951, when Fred Hervey bought three Kay's Food Stores in El Paso, Texas. Over the next few decades, he expanded the company throughout the Southwestern U.S. through a series of acquisitions, and took it international in 1979 with a licensing agreement that brought the stores to Japan.

The company began franchising in 1999, and today Circle K stores can be found throughout the Southern, Western and Southwestern U.S., as well as in six other countries.

Franchise Units

Year U.S. Canadian International Company Owned
2014 419 0 4,593 3,185
2013 400 0 4,193 3,142
2012 452 0 3,946 3,045
2011 502 0 4,043 2,901
2010 487 0 3,751 2,873
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $210,500 - $1,602,250
Franchise Fee: $25,000
Ongoing Royalty Fee: 3.7-5.5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $100,000
Operations
15% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is NOT allowed..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising,

Franchise Ranking History

Franchise 500®: #40 (2014), #36 (2013), #24 (2012), #22 (2011), #25 (2010),
America's Top Global: #13 (2013), #21 (2012), #20 (2011), #20 (2010),

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