Circle K Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Have you ever thought of getting a Circle K franchise but have no idea how much it will set you back? And how do you go about applying for a franchise? This quick guide will walk you through the process and give you a bottom-line number you need to cover the Circle K franchise cost.
See Also: Hilton Hotels & Resorts’ True Franchise In USA
Table of Contents
Circle K Franchise Wiki
Whether you need a fresh cup of joe, a delicious meal on the go, or a nice, cold slush, Circle K is the perfect place to drop in. It all started in 1951 when Fred Hervey bought three Kay’s Food Stores in El Paso, Texas. Armed with entrepreneurial prowess, Hervey grew the chain and expanded to New Mexico and Arizona.
Almost seven decades after its birth, Circle K has evolved into a global brand represented in more than 20 countries. Now owned by its parent company Alimentation Couche-Tard, the brand takes pride in offering not only quality products but also excellent customer service.
See Also: Hertz Franchise In USA
Just as with most franchises, Circle K Stores are characterized by a unique system. This includes a distinctive interior and exterior look, as well as color schemes, decor, and staff uniform. All these work to display a cohesive appearance common among all stores under the brand.
Circle K Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
See Also: Corner Bakery Café Franchise In USA
Circle K Franchise Cost
| Name of Fee | Low | High |
| Initial Franchise Fee | $0 | $25,000 |
| Back-Office System Training Fee ($1,000 per attendee) | $2,000 | $2,000 |
| Travel and Living Expenses While Training | $3,500 | $15,500 |
| Real Estate | Varies | |
| Construction, Remodeling, and Leasehold Improvements | $175,000 | $950,000 |
| Other Site Development Costs, including Site Development Fee | $120,750 | $300,750 |
| Fixtures, Furniture and Equipment | $175,000 | $325,000 |
| EPOS and Computer Systems | $39,000 | $46,000 |
| Network Fee | $0 | $150 |
| Communications Fee | $0 | $240 |
| Signs | $15,000 | $85,000 |
| Security Deposits and Licenses and Permits | $2,000 | $10,000 |
| Utility Deposits | $1,500 | $5,000 |
| Vendor Deposits | $0 | $16,000 |
| Merchandise Inventory | $60,000 | $100,000 |
| Professional Fees | $1,000 | $5,000 |
| Insurance | $4,500 | $12,000 |
| Grand Opening Costs | $5,000 | $10,000 |
| Additional Funds (3 months) | $10,000 | $20,000 |
| Estimated Total | $614,250 | $1,927,640 |
Circle K Franchise Requirements
See Also: Tierra Encantada Franchise In USA
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Circle K Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
See Also: Chem-Dry Franchise In USA
How to Apply For Circle K Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Circle K Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
See Also: RE/MAX Franchise In USA
How Do I Start a Circle K Franchise?
Now that you have a better picture of the Circle K franchise cost, let’s talk about applying for a franchise. Before you fill out any application forms, you need to meet these standards:
- A net worth of $500,000
- Liquid assets amounting to $100,000, and
- Entrepreneurial spirit
If you pass these initial qualifiers, then you can call their toll-free number or talk with a Franchise Development Manager and accomplish an application form.
See Also: RE/MAX Franchise In India
Circle K will then review your qualifications and if it’s a good fit, they’ll issue a Franchise Agreement for your site. Once the agreement is executed, the Site Development Team will assist you in custom-designing your site. Similarly, Marketing and Operations will help you establish your store’s merchandising plan.
One remarkable thing about this franchisor is the way they offer flexibility to tailor individual stores to best serve their client base. As a result, they help ventures thrive, be it a new business or an existing store.
See Also: ComForCare Home Care Franchise In USA
Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
If you need any help from our team then please fill the contact form our team will contact you soon. And if you like this post then please share this post.
One Comment
Pingback: