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Circle K

Circle K is a well-known convenience store chain […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1951
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $935,500
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 3.5%+%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

About Circle K Franchises

Circle K is a well-known convenience store chain with a strong presence in the United States and over 10 countries worldwide. Founded in 1951, Circle K has grown from a small group of food stores into a major franchise opportunity. They started offering franchises in 1995, and today they have over 600 franchised stores in the U.S. and more than 2000 locations globally.

Why Choose a Circle K Franchise?

Circle K offers its franchisees a lot of flexibility. You can decide if you want to sell fuel or add a quick-service restaurant to your store. They also encourage you to personalize your store's products to suit your community. Circle K provides a strong support team to help you with things like store design and product selection.

As a franchisee, you'll receive ongoing business support and consistent brand messaging from Circle K. You'll also have access to centralized purchasing, which means you can get high-quality equipment and training at competitive prices. Circle K has established relationships with vendors, making it easier for you to get the supplies you need.

What Makes Circle K a Good Franchise Opportunity?

Circle K has a proven track record of success, with a well-established network of stores. Most Circle K locations are in the southern and western United States. They also have a strong international presence in countries like Japan, Guam, Mexico, and China. Circle K is actively looking to expand, and they offer training to help new franchisees succeed. This means you have the opportunity to tap into new markets and grow your business.

To become a Circle K franchisee, you need to be financially prepared. This includes an initial investment, which covers the franchise fee and other startup costs. You'll also need to be ready for ongoing fees like advertising and royalties. The company requires that franchisees meet certain net worth and liquid capital requirements. Circle K may be able to offer financing for equipment costs.

How to Become a Circle K Franchisee

To open a Circle K franchise, you'll need to apply for a license through one of their subsidiaries, TMC Franchise Corporation. This license grants you the right to operate a convenience store under the Circle K brand. You'll receive everything you need to run a successful store, including the space, parking lot, and inventory. You'll operate your store based on the rules and regulations outlined in the franchise agreement.

Once your application is approved, Circle K will help you through the process. Their site development team will customize your store and help you purchase fixtures and equipment. Their marketing team will assist with establishing vendor accounts and developing your merchandising plan. After these steps are complete, you'll be ready to open your own Circle K franchise.

Support & Training offered by Circle K

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Additional Information

Category Location N/A
Number of Units Open 12,199 (as of 2023)
Investment Range $935,500 - $6,951,500
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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