- A well-established popular franchise convenience store (Circle K) in North Orange County. Prime Location!
Store is licensed for hard liquor, lotto, scratchers, cigarettes. Monthly sales about $90,000.
Franchise agreement expires in 2027, transfer fee $25,000, Royalty 4.5%, ad-fund 1%. Gross profit 38%.
Seller recently renovated the store with a new soda machine, upgraded coolers, and interior design improvements.
Some monthly expenses: Rent $5400, Utilities $1400, Payroll $7,700, Phone $350.
- 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.
- Training Information: 2 weeks
- This business is a franchise