Circle K

The Circle K franchise is a convivence store chain that was founded in 1951 when Fred Hervey bought three Kay's Food Stores in El Paso, Texas. Franchising since 1999,  the company has franchise locations in more than 20 states and in over 10 countries. Customers can expect the brands proprietary products. such as Polar Pop cups, Circle K premium  K coffee,  and other Circle K favorites from their exclusive line to keep customers coming back for more. When you become a Circle K franchisee, you now have the leverage and buying power you need to do business with key suppliers, enabling you to compete for customers with other chain convenience stores. 

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Circle K Franchise Cost and Requirements for 2022

Background

Owning a convenience store can be a challenge. Not only do you have to deal with suppliers, but you have to deal with a lot of employees, the public, buying inventory, and everything involved in making the business run. If you are looking to invest in a convenience store franchise that allows you to have great access to suppliers,  the Circle K can be a great opportunity for you. The company was founded in 1951 when Fred Hervey bought three Kay's Food Stores in El Paso, Texas. Since the company began franchising since 1999, it has franchise locations in more than 40 states and has over 14,000 locations in over 26 countries. Customers can expect the brands proprietary products. such as Polar Pop cups, Circle K premium K coffee, and other Circle K favorites from their exclusive line to keep customers coming back for more. While there has been an inflationary cost increases to gas, the Circle K franchise has a fuel program that is known for its consistent quality and value to customers. The company utilizes turnkey inventory management, fleet growth initiatives, and a consistent, stable supply. Thus, all of these factors help to make Circle K fuel a value to the brand's franchisees. The company also incentives veteran franchise ownership by being a member of the Veterans Transition Franchise Initiative, which is commonly known as VetFran. The company is looking for franchisees who are interested in single-unit or mulit-unit franchise agreements. Becoming a franchisee with the company can potentially change your life for the better. 

Company Details

Founded: 1951
Franchising since: 1999
Canada: Yes
International: Yes

 

Support and Training Offered By Circle K

In terms of support and training, franchisees will receive Franchisee Training, a comprehensive program which combines classroom learning and in-store experience. Additionally, the company offers NETP (New Employee Training Program), which is a multi-module, web-based program used to train new employees. The Training Team, along with your market Manager, will continue to work with you to keep you up to date on everything. 

2022 Franchise Requirements Needed to Own a Circle K Franchise.

What does a Circle K Franchise Cost?

Circle K franchise fees for 2022:

Initial Franchise Fee $25,000
Initial Investment $189,250 - $2,204,150
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 Circle K a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Circle K is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Circle K a Home Based franchise?

No. Circle K is not a home based franchise opportunity.

What Do Circle K Franchise Owners Make?

Click here to find out how much Circle K franchisees make. Circle K offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Circle K Offer a Veteran Discount?

Yes. Circle K franchise does offer a veteran discount.

Is Circle K Looking for Franchisees in Canada?

Yes. Circle K franchise is looking for Canada franchisees.

Is Circle K Looking for International franchisees?

Yes. Circle K franchise is looking for International franchisees.

Additional Information

Additional Categories

Retail, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

Circle K Franchises for Sale

Click Here to inquire about existing Circle K franchises for sale. We may have Circle K franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.