#24
At a Glance
Products & Services: Convenience store
Number of Locations: 7,446
Total Investment: $171K - 1.88M
Founded: 1951
Began Franchising: 1995
Public Owned
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 |
| 2011 | 502 | 0 | 4,043 | 2,901 |
| 2010 | 487 | 0 | 3,751 | 2,873 |
| 2009 | 469 | 0 | 3,704 | 2,853 |
| 2008 | 460 | 0 | 3,625 | 2,627 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $171,000 - $1,882,150
Franchise Fee: $25,000
Ongoing Royalty Fee: 3.7-4.5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 3.7-4.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $200,000
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..| Financing Type | In-House | Third Party |
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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
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