About Circle K
Circle K’s success in the convenience retailing industry spans more than 60 years. Our roots trace back to 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Little did anyone know that these stores would serve as the beginning of Circle K.
During the early years, Hervey’s enterprising spirit enabled the company to make its mark in the southwestern part of the United States. He grew the Circle K chain into neighboring New Mexico and Arizona. During the next few decades, Circle K grew its retail network through a series of acquisitions, which were incorporated into the Circle K brand. By 1975, there were 1,000 Circle K stores across the U.S. In 1979, Circle K entered the international market when a licensing agreement established the first Circle K stores in Japan. The company’s growth continued and, by 1984, sales had reached $1 billion.
In 1999, a franchise program was introduced to support operators looking to build a business with a leading convenience store brand. In 2003, Circle K was acquired by Alimentation Couche-Tard and has developed into a global brand represented in over 20 countries.
Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. We have come a long way since our humble beginnings, and we’re proud of where we’ve been and where we’re going. Please visit our timeline to learn more about the Circle K story.
Brian Hannasch, CEO
1995 (26 years)
Total Number of Units
12,143 (as of 2020)
Part-Time / Full-Time
Stock Ticker Symbol
How Much Does It Cost To Open A Circle K Franchise?
There are several costs associated with opening a Circle K franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Circle K franchise. The weekly fee for opening a Circle K franchise is Royalty Fees Are Payable Monthly On The 25Th Day Of Each Month By Electronic Funds Transfer.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Circle K Is Renewable) and does the franchise offer financing support (Circle K Circle K has relationships with third-party sources which offer financing to cover the following: equipment).
Circle K Company Details
Here are some additional details about Circle K.
|Parent Company||Alimentation Couche-Tard|
|Net Worth Requirement||$500,000|
|Veteran Incentives||10% off franchise fee|
|Term of Agreement||10 years|
|Run from Home||No|
Training and Support Offered By Circle K
Circle K offers several support options to its franchisees. With 12,143 (as of 2020) units, Circle K aims to provide support to each franchise owner to help them operate a successful franchise location. Circle K offers 32 hours on the job training, 48 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by Circle K.
|On-The-Job Training||32 hours|
|Classroom Training||48 hours|
Is Circle K Right For You?
Circle K has gone digital! Here are all of the ways you can find Circle K online. Oftentimes, you can reach out to current franchisees of Circle K online. Current franchisees may be able to offer personalized insights into what it is like owning a Circle K franchise and offer tips to running a successful Circle K franchise location.
Why Should You Start a Circle K Franchise?
Investing in a Retail franchise such as Circle K can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Circle K franchise and we'll be in touch soon!