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Circle K

2015 Franchise 500
#42
At a Glance

Products & Services: Convenience stores

Number of Locations: 8,456

Total Investment: $211.5K - $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. 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.

Franchise Units

Year U.S. Canadian International Company Owned
2015 511 0 4,690 3,255
2014 462 0 4,631 3,184
2013 400 0 4,193 3,142
2012 452 0 3,946 3,045
2011 502 0 4,043 2,901
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Central America, Middle East, Mexico, Philippines, South America.

Startup Costs, Ongoing Fees and Financing

Total Investment: $211,450 - $1,602,450
Franchise Fee: $25,000
Ongoing Royalty Fee: 3.5-5.5%
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..
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®: #42 (2015), #40 (2014), #36 (2013), #24 (2012), #22 (2011),
Fastest-Growing: #47 (2015),
America's Top Global: #9 (2015), #22 (2014), #13 (2013), #21 (2012), #20 (2011),