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2021 Franchise 500 Rank
#88 Ranked #174 last year
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Initial investment
$189K - $1.9M
Units as of 2020
12,143 50.8% over 3 years

Company Overview

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.

About Circle K

Industry
Retail
Related Categories
Convenience Stores
Founded
1951
Parent Company
Alimentation Couche-Tard
Leadership
Brian Hannasch, CEO
Ticker Symbol
ATD-B.TO

Franchising Overview

Franchising Since
1995 (26 years)
# of employees at HQ
25
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
12,143 (as of 2020)

Franchisor Information

Corporate Address
1130 W. Warner Rd.
Tempe, AZ 85284

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Circle K franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$25,000
Initial Investment
$189,250 - $1,927,640
Net Worth Requirement
$500,000
Cash Requirement
$100,000
Veteran Incentives
10% off franchise fee
Royalty Fee
2.5-5.5%
Ad Royalty Fee
1.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Circle K offers in-house financing to cover the following: equipment
Third Party Financing
Circle K has relationships with third-party sources which offer financing to cover the following: equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
32 hours
Classroom Training
48 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Regional Advertising
Social Media
SEO
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Circle K landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Circle K ranked on other franchise lists? Find out below.

Ranked #88

Franchise 500 Ranking

Ranked #3

Fastest-Growing Franchises

Ranked #36

Top Global Franchises

Ranked #41

Fastest-Growing Franchises (U.S. & Canada)

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021