At a Glance
Products & Services: Convenience stores
Number of Locations: 8,277
Total Investment: $211.5K - $1.6M
Began Franchising: 1995
About Circle KThe 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.
Startup Costs, Ongoing Fees and Financing
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 RequirementsNet Worth: $500,000
Liquid Cash Available: $100,000
Operations15% 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|